- Mine site services provider, MLG Oz (MLG) secures a five-year contract to service Westgold Resources’ (WGX) operations in Western Australia’s Mid-West region
- MLG will provide in pit, off and on-road haulage, road maintenance and run of mine management services activities across WGX’s operations
- The contract is anticipated to bring in $30 million in revenue for MLG for the 2023 financial year
- Initial ramp up and mobilisation activities are due to commence next month
- MLG shares are up 8.25 per cent, trading at 52.5 cents, while WGX shares dropped 1.7 per cent to trade at 86.5 cents at 2:01 pm AEST
Mine site services provider, MLG Oz (MLG) has secured a five-year contract to service Westgold Resources’ (WGX) operations in Western Australia.
Westgold’s processing hubs in WA’s Mid-West region include Tuckabianna, Bluebird and Fortnum.
Through this contract, MLG will provide in pit, off and on-road haulage, road maintenance and run of mine management services activities across WGX’s operations.
To assist MLG, Westgold will provide maintenance facilities at each of its sites.
Initial ramp up and mobilisation activities are due to commence next month.
Westgold is looking to leverage MLG’s existing fleet capacity to improve operational efficiencies.
In turn, MLG said the contract consolidates its resources in the Mid-West region.
The contract is anticipated to bring in $30 million in revenue for MLG for the 2023 financial year.
MLG founder, Managing Director and majority shareholder Murray Leahy said MLG is delighted to be selected by Westgold.
“Westgold is focussed on driving cost and operational efficiencies to enhance the profitability of its business and we are proud to have been chosen as a key and trusted business partner,” Mr Leahy said.
“This is a large opportunity for MLG to establish a long-term relationship with a growth oriented gold miner and Westgold’s faith in MLG represents a significant endorsement of our capabilities.”
MLG shares were up 8.25 per cent and trading at 52.5 cents, while WGX shares dropped 1.7 per cent to trade at 86.5 cents at 2:01 pm AEST.