Vysarn says its Pentium Hydro subsidiary has received a further purchase order to supply a second rig under a general works contract with Roy Hill Iron Ore.
The estimated first phase value of the purchase order is around A$1.3 million ($890,882) and, based on the current scope, is expected to be complete within three to four months of mobilisation. Pentium plans to mobilise to site by the end of January.
Pentium Managing Director, Sheldon Burt, said: “Pentium is pleased with the award of the additional work from Roy Hill Iron Ore. The award of this work further strengthens the company’s strategy as a premium dewatering service provider specifically to Tier One mining clients.
“We are pleased that the Pentium service offering is being considered so soon following the acquisition of the drilling assets in August 2019 and we look forward to continuing to build relationships in the industry.”