Perenti Limited awarded contract and extensions totaling AU$160 million

Perenti Limited (ASX: PRN) announced that Barminco has been awarded a new development contract with Spartan Resources Ltd (ASX: SPR) and extensions to four existing projects. The contract involves the construction of an underground exploration drill drive at the Dalgaranga Gold Project in the Murchison region of Western Australia. The drive is designed to run parallel and adjacent to the mineralized gold zones of Never Never, Pepper, Four Pillars, and West Winds to facilitate underground exploration and support future production plans.

Construction of the drive is set to commence in the current quarter. It is expected to take ten months to complete, utilizing a combination of existing capital equipment and an additional AU$ 5 million of new growth capital. These projects are projected to contribute approximately AU$ 160 million of revenue to FY25.

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