MinRes awards $46m contract to Bill Beament’s Develop
Develop Global Limited (ASX: DVP) has been awarded a $46m contract to develop an exploration decline at the Mt Marion lithium mine in WA, about 40km southwest of Kalgoorlie.
The contract is expected to start in early 2024 with a term of 18 months.
Former Northern Star Resources boss Bill Beament, who now heads Develop as its managing director, says “the award of this contract to Develop is a significant vote of confidence in our world-class underground mining team”.
“We have built a world-class underground mining team with immense experience in developing and operating underground operations, especially in WA,” he said.
“The strength of this team is shown by the outstanding results we are generating at the Bellevue gold mine, where the project is running on time and on budget.
“The Mt Marion contract is consistent with our stated strategy of securing two to three contracts within our mining services division.
“Our team is eager to make a significant contribution to the Mt Marion project by applying its extensive skills and experience to the underground development.”
The key works to be completed by Develop under the contract include:
- Surface facilities to support underground mining activities
- Portal Establishment
- Installation of underground mine infrastructure
- Excavate underground capital development and exploration drill platforms
- Develop through the orebody underground to obtain important geological and operational data for future mining activities
- Set up the underground for an extensive diamond drilling campaign to grow the maiden underground resource of 9.5Mt at 1.52% Li2O
Mt Marion is a joint venture between Mineral Resources Limited (ASX: MIN) and Ganfeng Lithium Cop. Ltd.
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