This week Silver Lake Resources awarded a $220 million contract for four-years at the Deflector Mine in Western Australia.
Perth-based company, Macmahon Holdings, was announced as the winning contractor of the multi-million-dollar project. The contract includes performing major mining works at the Deflector gold-copper mine in Yalgoo.
Macmahon Holdings had been providing mining services at the Deflector Mine since 2016, following its successful acquisition of GBF in 2019.
Macmahon’s Chief Executive and Managing Director, Michael Finnegan expressed his happiness about the project, saying how this contract aligns with his company’s business plans.
“This new contract is an important milestone in our strategy to expand our underground business and is a clear demonstration of the benefits we are now realising from the GBF acquisition,” Mr Finnegan said.
“Importantly, the Deflector mine is a high-grade gold and copper asset in Western Australia, so is an attractive project in the current macro environment. We look forward to continuing to support the development of Deflector,” he said.
Silver Lake Resources and the Deflector Mine
In September 2020, Silver Lake’s testing at the Deflector mine identified opportunities for potential growth with ‘spectacular high-grade gold/copper intersections’ detected.
The same week, Silver Lake’s board approved further access, development and projection at the Deflector site and hinted that a huge contract would be struck in the 2021 financial year.
Macmahon’s new $220 million contract with Silver Lake follows an extension via GFB with Pantoro at the Wagtail and Nicholson underground operations in Western Australia last December.
This two-year extension with Pantoro means GBF’s (Macmahon) work on the project will continue until 2023.
Source: Australian Mining
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