Article by Dylan Brown, courtesy of Australian Mining.
Perenti has commenced 2025 with $185 million in new contracts and an extension to an existing agreement, bolstering its diverse portfolio of mining services.
These developments are aligned with the company’s 2024–25 financial year (FY25) revenue guidance and highlight its continued strength in the underground and drilling services sectors.
Perenti’s underground mining business, Barminco, has started mobilising at the Bonnie Vale gold project in Western Australia for Focus Minerals.
This contract spans three years, with the potential for a two-year extension. The project’s scope includes underground development, production, and mining support services.
Perenti will utilise idle fleet equipment for the project, which is covered under its existing FY25 capital expenditure.
Ranger Drilling, part of Perenti’s drilling services division, has also secured a five-year contract with Roy Hill Iron Ore.
Ranger has a long-standing relationship with Roy Hill, having worked on-site since 2015, with the new contract including an option to extend for an additional three years.
Perenti subsidiaries DDH1 Drilling and Strike Drilling have also locked in contracts with Rox Resources.
The companies will conduct diamond and reverse circulation drilling programs, with work already underway and scheduled to conclude by May 2025.
Perenti managing director and chief operating officer Mark Norwell said these services highlight the diverse services the company is able to provide.
“I’m proud to see the ongoing effort from the team being rewarded with both new and extended contracts,” Norwell said.
“These contracts reflect Perenti’s diverse range of services across the mining value chain. We pride ourselves on working with our clients to find solutions that deliver value and certainty over the long term.”
With these significant projects in place, Perenti enters 2025 on a strong footing, demonstrating its ability to secure long-term contracts that showcase its operational expertise and versatility in the global mining sector.
