Altura Mining has awarded a five-year mine development and services contract to NRW Holdings Limited for the Pilgangoora Lithium project in Western Australia.

The $110m contract award is subject to Altura Mining completing the funding to develop the project as a part of the final investment decision.

NRW Holdings CEO Jules Pemberton stated that the company has procured significant expertise in the expanding Lithium sector through its subsidiary Action Drill & Blast, which has been working at the Greenbushes mine since 2011.

He said: “We look forward to work closely with the Altura team and are ready to commence as soon as the final investment decision is made.”

Under the contract, NSW Holdings will be construct mining infrastructure and develop mine haul roads. The contract also includes drill and blast services, with loading and hauling of ore and overburden.

“NSW Holdings will be construct mining infrastructure and develop mine haul roads.”

NRW will utilise existing equipment that will start mobilising for the project next month after the completion of another project and the procurement of the statutory approval of the mining proposal.

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NRW will deploy 60 personnel at the site and it will also offer employment to the local Njamal community.

The contract terms have been agreed by both parties, with formal execution of the contract set to take place soon.

Altura Mining expects to commission the project by the last quarter of this year. The definitive feasibility study conducted in September 2016 delivered favourable results.