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REGIS RESOURCES LIMITED — Capital/Financing Update 2024
Apr 1, 2024
65733_rns_2024-04-01_75888373-a04f-499a-9f21-d468dad97a82.pdf
Capital/Financing Update
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2 April 2024
Barminco awarded $393 million, three-year contract at Regis Resources’ Duketon Operations
Perenti Limited (ASX:PRN) (‘Perenti’ or ‘the Company’) is pleased to announce that its underground mining business Barminco has been awarded a new contract for the provision of mining services at Regis Resources Limited’s (ASX:RRL) Duketon Operations (including Rosemont and Garden Well underground mines) in the Goldfields region of Western Australia.
• Contract type: Alliance style agreement. • Contract value: A$393 million (based on initial 3-year term). • Contract term: Rolling 3-year term extended annually, commencing 1 April 2024.
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Services: Underground development, production and support services.
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Capital requirement: No new growth capital is required.
Mark Norwell, Managing Director & Chief Executive Officer of Perenti said, “We're very pleased to continue our partnership with Regis Resources at the Duketon Operations where Barminco has been providing value to our client through both development and production works since February 2019. This award adds Australian based underground earnings to our portfolio, which is aligned with the ongoing delivery of our strategy.”
Gabrielle Iwanow, President of Contract Mining said, “Our people are at the heart of our success and their dedication, innovative thinking and highly skilled efforts have again resulted in the award of a significant contract with the third largest Australian gold producer on the ASX, at a great mine that is located right here in WA. We are proud to continue partnering with Regis Resources as we embark on this alliance style contract to further deliver on our purpose of creating enduring value and certainty.”
Authorised by: Mark Norwell Managing Director & CEO
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Investor enquiries: Media enquiries: Peter Bryant Paul Ryan Chief Financial Officer Senior Director – Morrow Sodali +61 417 559 117 +61 409 296 511
| Level 4, William Square, | PO Box 8286 | T +61 8 9421 6500 |
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| 45 Francis Street, Northbridge | Perth WA 6849 | E [email protected] |
| WA 6003, Australia | Australia |
Perenti Limited ABN 95 009 211 474 (ASX: PRN) ( Perenti )
perentigroup.com
Perenti is an ASX listed, diversified mining services group with interest in contract mining, drilling services, mining services and technology solutions. Headquartered in Perth and with offices and operations across four continents, we employ more than 11,000 fantastic people focused on creating enduring value and certainty for our investors, clients, people and the communities in which we operate.