Perenti inks $300m contract at Dalgaranga gold mine

Perenti’s underground mining business, Barminco, has been awarded a four-year contract at Ramelius Resources’ Dalgaranga gold project in Western Australia.

The contract, which amounts to $300 million and includes an option for an additional 12-month extension, is for underground development and production.

Barminco won the contract after successfully completing an underground decline to progress in-fill and extensional drilling at Dalgaranga.

“Securing a four-year contract for underground mining at the Dalgaranga gold project is another strong result of Barminco,” Perenti chief executive officer Mark Norwell said.

“Several recent regional contract wins have built additional scale for the Barminco Australia business, which ultimately delivers benefits for both our clients and shareholders.

“The Dalgaranga project will further support our Australian earnings and sustainable cash generation. We look forward to delivering enduring value and certainty for Ramelius.”

Approximately $16 million in growth capital will be required in the 2025–26 financial year (FY26), which has already been factored into the most recent financial guidance.

The Dalgaranga project – 475km northeast of Perth and 80km northwest of Mount Magnet – is now under the control of Ramelius following the company’s acquisition of Spartan Resources.

Recent infill drilling at the site delivered assays including 25.4 million at 11.4 grams per tonne (g/t) of gold (Au) from 22.5m, 43.5m at 11.7g/t Au from 207m and 29.7m at 2.94g/t from 225m across the Never Never and Pepper deposits.

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