NRW Holdings Ltd (ASX:NWH) has finalised terms with Gascoyne Resources for mining works at the Dalgaranga gold project in WA. The 6-year contract for mining and drill and blast is expected to generate about $324 million in revenue for NRW over the life of the contract. NRW will have a peak of 200 personnel on site, while the magority of the fleet used will be existing NRW plant and equipment. About $8 million of additional equipment will be required for the project.
Further to the ASX announcement dated 19 October 2017, NRW Holdings is pleased to advise that Gascoyne Resources Limited (ASX: GCY) and NRW have finalised terms for the mining works at Gascoyne’s flagship Dalgaranga Gold Project and the parties have executed a contract.
The contract is for open pit mining together with drill and blast operations and is expected to generate approximately $324m revenue over 72 months.
NRW will initially have some 160 personnel on site rising to a peak of 200. The majority of the fleet used will be existing NRW plant and equipment though approximately $8 million of additional plant and ancillary equipment will also be required for the project.
Jules Pemberton, MD of NRW said, “We are pleased to have successfully concluded the preferred tenderer status period and executed the contract. We look forward to working closely with the Gascoyne team as we prepare for the mobilisation of our fleet and work to commence on the ground during the first quarter of 2018”.
Kim Hyman
Company Secretary
