MLG Oz Limited has been awarded a contract to supply integrated site services and haulage works to Genesis Minerals Limited’s Leonora gold project in Western Australia.
The award is still subject to the final execution of contracts however the scope of works and commercial terms for the three-year agreement have been agreed. MLG will work closely with Genesis to support its strategic growth plans in the prolific Leonora District, playing a key role in delivering Genesis’ “right ores in the right mill” operating model, it says.
The contract is due to commence in November 2023 with ramp up of production to transition through 2024. Full year revenues in MLG Oz’s financial year 2025 are expected to be circa A$15 million ($9.6 million) growing to circa A$30 million in FY2026.
MLG founder, Managing Director and majority shareholder, Murray Leahy, said: “We are immensely excited about the opportunity to partner with Genesis and help support their strategic objectives in the Leonora district.
“MLG’s regional position across the Leonora mineral field and strength of our underlying operations across this region ensures we are well placed to grow with Genesis and help them execute on their long-term strategy.”
“We are delighted to be welcoming Genesis as a new strategically important customer through the award of this contract allowing MLG to play a major role in the enhancement and growth of mineral production in the Leonora region. The Leonora Mineral field is currently going through a level of consolidation and growth in processing capacity not experienced before. MLG’s large regional presence and scale of support infrastructure located within the region that is currently delivering for our high-quality customer base positions us extremely well to capitalise on these opportunities.”
MLG is already interacting with Genesis as part of a haulage services contract with Bellevue Gold which involves processing Bellevue’s open pit material at Genesis’s Gwalia processing facility.