- Dynamic Group (DDB) has secured six short-term contracts through its wholly-owned subsidiaries, Orlando Drilling and Dynamic Drill & Blast
- Of the six contracts, five were awarded to Drill & Blast for various projects in WA’s mining sector
- The remaining contract was awarded to Orlando Drilling by Global Lithium Resources (GL1) to conduct 60,000 metres of RC lithium drilling
- The contracts have the potential to generate a total of between $12 and $14.15 million for the companies involved
- Dynamic Group ends the day down 2.23 per cent at 43 cents per share
Dynamic Group (DDB) has secured six short-term contracts through its wholly-owned subsidiaries, Orlando Drilling and Drill & Blast.
The contracts have the potential to generate between $12 and $14.15 million for the companies involved.
Of the six contracts, three were awarded to Drill & Blast by “a tier 1 ASX listed Iron Ore producer” for mining, civil construction and specialised blasting work at projects across the Pilbara in Western Australia.
In addition to those deals, Drill & Blast landed another from “a tier 1 ASX listed earthmoving contractor”, along with one for an additional construction project in WA’s Goldfield’s region.
The remaining contract was awarded to Orlando Drilling for a 60,000-metre reverse circulation (RC) program at Global Lithium Resources’ (GL1) Marble Bar Lithium Project.
Global Lithium’s Managing Director Jamie Wright said the company was pleased with Orlando’s capabilities and its track record of “safety and community and its deep experience with lithium.”
The drilling project between GL1 and Orlando drilling is due to commence in the first quarter of 2022.
Dynamic Group ended the day down 2.23 per cent at 43 cents per share.