$143M of contracts awarded at multiple mines

A diversified mining services company secured tenders at different operations.

Perenti Group recently won $143 million of contracts at the following operations:

• six months of underground development and production work through subsidiary Barminco at Regis Resources’ Garden Well and Rosemont underground mines ($70M)
• two years of exploration surface drilling at BHP Mitsubishi Alliance’s Queensland locations ($27M)
• two years of underground diamond drilling at Catalyst Metal’s Plutonic underground mine ($14M)
• limited notice for initial underground development at the Newmont Akyem underground mine ($32M).

“Collectively these three contracts, and the limited notice to proceed, represent nearly $150M of revenue across the 2024 financial year and into fiscal 2025 – and come after the recent announcement in which Perenti secured $360M of revenue at the Sandfire Resources A4 project,” managing director and CEO Mark Norwell said in a public statement.