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VYSARN LIMITED — Capital/Financing Update 2019
Oct 1, 2019
66029_rns_2019-10-01_e8bcb2b8-05f8-4b23-9e86-06877532cfe4.pdf
Capital/Financing Update
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ASX:VYS
02 October 2019
VYSARN UPDATE
Vysarn Limited (ASX:VYS) (Company ) announced on Friday 27 September 2019, that its wholly owned subsidiary Pentium Hydro Pty Ltd (Pentium) entered into a Major Services Contract (Contract) to provide dual rotary drilling and waterwell construction services.
Under the Contract Pentium will drill and construct de-watering bores at various locations at the Clients[1] mine site including the bore fields, tailings storage facility (TSF) and open pit areas.
Pentium has commenced procurement of the long lead time materials with mobilisation of the drill rig and auxiliary plant to be completed by early October. The scope of work is expected to commence shortly thereafter and be complete by mid December 2019, the estimated contract value is $541,000.
Sheldon Burt Executive Director Vysarn Limited Telephone: +61 8 9486 7244
Investor Relations: Andrew Rowell Cannings Purple Tel: +61 400 466 226
1 See Vysarn Limited Company announcement dated Friday 27 September 2019.
Vysarn Limited | ABN: 41 124 212 175 | ACN: 124 212 175 | 108 Outram St, West Perth, WA 6005 | PO Box 1974, West Perth WA 6872 T +61 (0) 8 9486 7244 | F +61 (0) 8 9463 6373 | E [email protected] | vysarn.com.au