Total
0
Shares
SIMPEC - Managing Director, Mark Dimasi (Right)
Managing Director, Mark Dimasi (Right)
Source: WSI
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • WestStar Industrial’s (WSI) engineering contractor business, SIMPEC, has been awarded a $15 million contract from Pilbara Minerals (PLS)
  • Pilbara’s subsidiary, Pilgangoora, operates the Pilgangoora Lithium Tantalum Project near Port Headland, WA
  • Under the contract, SIMPEC will be conducting stage one improvement works for the Pilganagoora project
  • The contract will start straight away and is expected to be completed in the third quarter of 2021
  • On the market today, WestStar is up 17.7 per cent and is trading at 2 cents per share

WestStar Industrial’s (WSI) engineering contractor business, SIMPEC, has been awarded a $15 million contract from Pilbara Minerals (PLS).

Pilbara Minerals’ subsidiary, Pilgangoora, operates the Pilgangoora Lithium Tantalum Project near Port Headland, WA. The Pilgagoora is a joint venture project with IronMerge, an Aboriginal-owned mining and civil works service company.

SIMPEC has been contracted to help IronMerge with the stage one improvement works for the Pilganagoora project, which includes earthworks, civil, fabrication, structural, mechanical, piping, tanks, electrical and instrumentation works.

The contract will start straight away and is expected to be completed in the third quarter of 2021.

Notably, this is SIMPEC’s first contract with Pilbara Minerals.

“This newly awarded contract is a tribute to not only our SIMPEC delivery team but also Ian Taylor and his IronMerge team,” SIMPEC Managing DIrector Mark Dimasi said.

“This is a very proud moment for all of us and I sincerely look forward to seeing this joint venture relationship growing and developing in the construction and mining sector. A big thank you to the Pilbara Minerals team for backing us throughout this tender phase,” he added.

WestStar says its subsidiaries Alltype Engineering and SIMPEC are well-positioned for the 2021 financial year, having secured over $51 million in new contracts.

On the market today, WestStar is up 17.7 per cent and is trading at 2 cents per share at 12:45 pm AEDT.

WSI by the numbers
More From The Market Herald
West African Resources (ASX:WAF) - Founder, CEO & Executive Chairman, Richard Hyde

" West African Resources (ASX:WAF) completes Kiaka acquisition

Gold mining company West African Resources (WAF) has completed the acquisition of the Kiaka and Toega gold projects.

" Galileo Mining (ASX:GAL) receives initial assays from Norseman

Galileo Mining (GAL) has received the first assays from aircore drilling at its Norseman project in Western Australia.
Kingwest Resources (ASX:KWR) - CEO, Ed Turner

" Kingswest Resources (ASX:KWR) considers JV with FMR investments

Kingswest Resources (KWR) may enter into a joint venture (JV) partnership with FMR Investments where KWR will own 40 per cent and FMR
Liontown Resources (ASX:LTR) - Managing Director and CEO, Tony Ottaviano

" Liontown Resources (ASX:LTR) launches $490m capital raise for Kathleen Valley

Liontown Resources (LTR) has launched a fully-underwritten institutional placement to raise approximately $450 million.