Drilling service providers Mitchell Services has secured a five-year-long contract with Kalgoorlie Consolidated Gold Mines (KCGM).
Mitchell Services will assist in drilling at KCGM’s Mt Charlotte underground mine, adjacent to Kalgoorlie’s Boulder mine.
The contract includes deployment of two underground diamond rigs, with the company hoping to deploy more throughout the project pending site requirements.
KCGM is a joint venture between mining operators Newmont Australia and Barrick Gold.
Mitchell Services however only rose 1.6 per cent in the ASX today. MSV opened at 6.20 cents and closed at 6.30 cents.
Mitchell Services CEO Andrew Elf says the multi-year contract will aid the company’s future growth.
“The contract, which will enhance the Company’s geographical revenue diversity demonstrates our continued ability to secure and service long term contracts for Tier 1 clients at large, long-life producing mine sites,” he said.