Dynamic Group - formal contract & construction project start up

Dynamic Group Holdings Ltd has announced that through its subsidiary, Dynamic Drill & Blast Pty Ltd, 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 Group - formal contract & construction project start up Dynamic Group - formal contract & construction project start up Dynamic Group - formal contract & construction project start up Dynamic Group - formal contract & construction project start up Dynamic Group - formal contract & construction project start up

Dynamic Drill & Blast Pty Ltd has recently commissioned one new Epiroc T45 drill rig and a second T45 drill rig is due for delivery with both rigs supporting ongoing operations

Drill and Blast has been providing services to Aurenne Parker Range Pty Ltd at the 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 AUS$8 million to AUS$10 million (US$5.5 million to US$7 million) over the next six to 12 months.

Drill and Blast has also recently commissioned one new Epiroc T45 drill rig. A second T45 drill rig is due for delivery in July and both rigs will support ongoing operations and the recently awarded projects.

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