Image Sourced Mitchell Services
Market Herald logo


Be the first with the news that moves the market

Drilling service providers Mitchell Services has secured a five-year-long contract with Kalgoorlie Consolidated Gold Mines (KCGM).

Mitchell Services will assist in drilling at KCGM’s Mt Charlotte underground mine, adjacent to Kalgoorlie’s Boulder mine.

The contract includes deployment of two underground diamond rigs, with the company hoping to deploy more throughout the project pending site requirements.

KCGM is a joint venture between mining operators Newmont Australia and Barrick Gold.

Mitchell Services however only rose 1.6 per cent in the ASX today. MSV opened at 6.20 cents and closed at 6.30 cents.

Mitchell Services CEO Andrew Elf says the multi-year contract will aid the company’s future growth.

“The contract, which will enhance the Company’s geographical revenue diversity demonstrates our continued ability to secure and service long term contracts for Tier 1 clients at large, long-life producing mine sites,” he said.

Please see the announcement attached

MSV by the numbers
More From The Market Herald

" Celamin (ASX:CNL) secures commitments to raise $3.2m

Celamin Holdings (CNL) has secured binding commitments to raise $3.2 million at 7.5 cents per share. The company will issue up to 42.6...

" Kula Gold (AXS:KGD) releases RC results at Boomerang Kaolin prospect

Kula Gold (KGD) has released reverse circulation (RC) drilling results at its Boomerang Kaolin prospect in Western Australia’s Southern Cross region.

" Winchester Energy (ASX:WEL) acquires oil field in Texas

Winchester Energy (WEL) has acquired a 100 per cent working interest in the Varn oil field in Texas.
West Wits Mining (ASX:WWI) - Chairman. Michael Quinert

" West Wits Mining (ASX:WWI) increases Witwatersrand MRE by 20pc

West Wits Mining (WWI) has announced an update to the JORC mineral resource estimate (MRE) at its Witwatersrand Basin Project (WBP) in South