Dynamic Drill & Blast Pty Ltd, a Dynamic Group Holdings subsidiary, says it has executed a formal contract with Aurenne Parker Range Pty Ltd for the delivery of drill and blast services at the Parkers Range gold project in the Goldfields Region of Western Australia.
Dynamic Drill and Blast has been providing services to Aurenne Parker Range at Parkers Range gold project on a periodical basis while formalising the contractual arrangement.
The company also advises that it has commenced mobilisation of three drill rigs to the Northern Goldfields Interconnect Pipeline Project located in the Midwest Region and Northern Goldfields Region of Western Australia to deliver drill and blast services to Nacap Pty Ltd for an estimated minimum period of six months.
The combined contracts are expected to generate revenue of between A$8-$10 million ($5.5-6.9 million) over the next six to 12 months.
Dynamic Drill and Blast also recently commissioned one new Epiroc T45 drill rig. The second T45 drill rig is due for delivery in July and both rigs will support ongoing operations and the recently awarded projects, it said.
Epiroc’s produces three different variants of the T45 – a SmartROC T45, a FlexiROC T45 and PowerROC T45.
Dynamic said it continues contract discussions which are at various stages with multiple parties and that it sees a sustained and strong level of enquiry resulting in a significant pipeline of opportunities for short, medium and long-term projects.