Capricorn Metals Ltd has signed a Letter of Intent with MACA Mining – a subsidiary of MACA Limited – for the award of an Open Pit Mining Services Contract for the Karlawinda Gold Project in Western Australia.
“The selection of a preferred mining contractor is the culmination of a competitive process that included a number of very competent Australian mining services providers. MACA was selected as the preferred contractor after submitting a compelling bid both in terms of price and execution. We look forward to partnering with MACA in the successful operation of the Karlawinda Gold Project,” Capricorn Executive Chairman Mark Clark said.
The $410 million contract will have an initial five-year term and will comprise of open pit mining services, including drilling and blasting as well as loading and hauling.
This project will involve moving approximately 11 million bank cubic metres of ore and waste per year, which will utilise a fleet of 180-tonne dump trucks.
Ancillary works are anticipated to begin in December of this year and mining activities will follow soon after. Open pit mining works are projected to commence by the March 2021 quarter.
“MACA has a long-standing working relationship with the Management Team of Capricorn and look forward to partnering with Capricorn to successfully deliver the Karlawinda Gold Project. This Mining Contract adds further to MACA’s strong Work in Hand position in the gold sector,” MACA CEO Mike Sutton said.
The Karlawinda Gold Project is located in the Sylvania Inlier of the Pilbara region, about 70 kilometres by road south east of the town of Newman and the project site is situated close to key infrastructure and mining support services.
Source: MACA Limited; Capricorn Metals Ltd (1, 2); Australian Mining