Perenti says it has executed new contracts and an extension to an existing contract for the company’s subsidiary businesses worth some A$185 million ($115 million).
The company’s underground mining business, Barminco, has commenced mobilisation at the Bonnie Vale gold project in Western Australia for Focus Minerals Limited. This is a three-year contract, with an option to extend for an additional two years. The services includes underground development, production and mining support services.
In addition, Ranger Drilling, a business in the company’s Drilling Services division, has been awarded a five-year contract with Roy Hill Iron Ore Pty Ltd with an option to extend for a further three years. Ranger Drilling has been on site since 2015.
Perenti acquired Ranger Drilling in 2023 as part of the DDH1 transaction. This was after DDH1 bolted on Ranger to its offering in 2019.
To complement the Ranger Drilling contract, DDH1 Drilling and Strike Drilling have each been awarded contracts for Rox Resources to respectively conduct diamond drilling and reverse circulation drilling programs at the company’s Youanmi gold project in Western Australia. These combined programs have commenced and are expected to be completed by May 2025.
Mark Norwell, Managing Director & Chief Executive Officer of Perenti, said: “I’m proud to see the ongoing effort from the team being rewarded with both new and extended contracts. These contracts reflect Perenti’s diverse range of services across the mining value chain. We pride ourselves on working with our clients to find solutions that deliver value and certainty over the long term.”
