Perenti Secures A$200M in New Contracts
Key points
- Drilling services awarded multiple contracts worth A$185M
- AUMS awarded contract with Endeavour Mining in Senegal
- Contracts span Australia, USA, and Canada
Full summary
Perenti Limited (ASX: PRN) announced significant contract wins for its drilling services and underground mining business. The company's five drilling businesses secured contracts across Australia, the USA, and Canada, contributing revenue of approximately A$185M in FY27. Additionally, AUMS secured a contract with Endeavour Mining plc for work at the Sabodala-Massawa Mining Complex in Senegal, with an initial phase valued at approximately A$20M.
Guidance
Revenue contribution of circa A$185M from drilling contracts in FY27
Outlook
Perenti expects ongoing success from its drilling teams and potential for larger scope of work at Sabodala as the project progresses.
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