Macmahon Holdings Limited (ASX: MAH) has entered into a Letter of Intent with Wolfram Limited, a subsidiary of Bumi Resources, to restart operations at the Mount Carlton Gold Mine in North Queensland. The agreement covers a comprehensive scope, including surface and underground mining as well as civil infrastructure services, reflecting Macmahon’s integrated “whole-of-mine” capability. Initial activities such as road repairs have already commenced, with surface mining expected to begin in April 2026, followed by underground operations. The parties are negotiating a formal contract with an anticipated duration of 33 months and an estimated value of approximately AU$250 million. Importantly, the project does not require additional capital expenditure for FY26, and existing company guidance remains unchanged. Macmahon continues to position itself as a leading mining services provider across Australia and Southeast Asia, leveraging its expertise and client-focused approach to deliver efficient and scalable solutions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Macmahon Advances Mount Carlton Gold Mine Restart
Macmahon Holdings Limited (ASX: MAH) has entered into a Letter of Intent with Wolfram Limited, a subsidiary of Bumi Resources, to restart operations at the Mount Carlton Gold Mine in North Queensland. The agreement covers a comprehensive scope, including surface and underground mining as well as civil infrastructure services, reflecting Macmahon’s integrated “whole-of-mine” capability. Initial activities such as road repairs have already commenced, with surface mining expected to begin in April 2026, followed by underground operations. The parties are negotiating a formal contract with an anticipated duration of 33 months and an estimated value of approximately AU$250 million. Importantly, the project does not require additional capital expenditure for FY26, and existing company guidance remains unchanged. Macmahon continues to position itself as a leading mining services provider across Australia and Southeast Asia, leveraging its expertise and client-focused approach to deliver efficient and scalable solutions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au