- Macmahon Holdings (MAH) inks a $210-million mining services contract with Calidus Resources for the Warrawoona Gold Project in WA
- The deal covers development of a new open cut mine with works to include all open cut mining activities until December 2026
- It adds to MAH’s early-stage civil works already underway at the project
- Macmahon says it expects the main mining equipment to arrive onsite in the first quarter of 2022
- Shares have closed flat at 22.5 cents on September 14
Macmahon Holdings (MAH) has inked a $210-million mining services contract with Calidus Resources for the Warrawoona Gold Project in Western Australia.
It follows Macmahon’s selection as the preferred contractor for Warrawoona back in 2020.
Accordingly, the deal covers the development of a new open cut mine in the Pilbara region, with works expected to include all open cut mining activities until December 2026.
Further, the latest contract adjoins the early-stage civil works already being undertaken by Macmahon with 65 personnel onsite.
The company’s CEO and managing director, Michael Finnegan, said MAH was delighted to finalise the new agreement with Calidus.
“This contract will add approximately $210 million to our order book and is a welcome addition to our growing portfolio of Western Australian gold projects,” he said.
“We have built a strong relationship with the Calidus team since we commenced onsite earlier this year and look forward to developing this project with them.”
The company is expecting the main mining equipment to arrive at Warrawoona in the first quarter of 2022, with the project slated to employ around 120 MAH personnel in future.
Shares closed flat at 22.5 cents on September 14, 2021.