Perenti’s underground mining division, Barminco, has secured a four-year contract valued at approximately A$300m ($198.3m) to provide underground mining services at the Dalgaranga Gold Project in Western Australia (WA).
Owned by Ramelius Resources following the acquisition of Spartan Resources, the Dalgaranga Gold Project is situated 475km north-east of Perth and 80km north-west of Mount Magnet.
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The scope of the contract includes the provision of underground development, production and related mining services.
The contract includes an option to extend for an additional year.
It follows Barminco’s successful completion of an underground exploration decline at Dalgaranga, which will support both production and further development.
Perenti president of contract mining Gabrielle Iwanow said: “The longer-term contract is validation of the high-quality work that has been completed at Dalgaranga to date.
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By GlobalData“I look forward to the Barminco team continuing to deliver safe and reliable production for Ramelius for years ahead.”
The contract also outlines a capital requirement of around $16m in growth capital needed in fiscal year 2026 (FY26), which has been included in recent financial guidance.
Perenti managing director and CEO Mark Norwell said: “Securing a four-year contract for underground mining at the Dalgaranga Gold Project is another strong result for Barminco.
“Several recent regional contract wins have built additional scale for the Barminco Australia business, which ultimately delivers benefits for both our clients and shareholders. The Dalgaranga project will further support our Australian earnings and sustainable cash generation. We look forward to delivering enduring value and certainty for Ramelius and appreciate the opportunity.”
In a related development, Barminco secured a A$200m contract with Westgold Resources in June for underground mining services at the Great Fingall project in WA.
This project is expected to be a long-life, high-margin underground mine, producing more than 45,000oz annually. Its smaller scale makes it particularly well-suited for contract mining operations.
