Company News Summary
MACA Advises on Blackham Resources Matilda Gold Open Pit Mining Contract
Original announcement: MACA preferred contractor for Matilda Gold project
MACA advised that it has been confirmed as preferred tenderer for Blackham Resources in relation to Open Pit Mining services at its Matilda Gold project in the Wiluna area. The project will consist of open pit mining services including drilling and blasting, and loading and hauling. The duration of the project is expected to be 32 months and generate $115m in revenue. At its peak the project will employ in excess of 100 personnel. The project will require some new equipment and utilise the majority of the Company's otherwise idle mobile plant and equipment. Mobilisation to site is already underway, with mining operations to commence as soon as practicable. The award of the Matlida Gold project will result in Work in Hand position at 30 June 2016 being $1.1bn.
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