Orlando has secured a contract with a lithium producer based in the Pilbara region of Western Australia to deliver reverse circulation drilling services commencing in early November 2022. It has also secured an expansion of scope to an existing project providing RC and diamond drilling services with another customer in the Pilbara which further expands Orlando's presence in the region.
Welldrill has been awarded a production and monitoring bore contract with a tier 1 gold producer, as well as securing work with Liontown Resources Ltd for exploration monitoring and production wells. These projects complement Welldrill's cornerstone long-term contract with a tier 1 iron ore producer.
The combined value of the contracts and scope extensions are estimated to generate between A$8.4 million and A$11.6 million of additional revenue over a 12-month period.
Dynamic Group MD Mark Davis said: "We are pleased that our exploration drilling capabilities and experience in delivering services within the lithium sector and is resulting in new work being secured with well-funded and experienced battery metals producers in the critical minerals space. Dynamic Group's wide experience in lithium and nickel-related projects places it in a strong position for further expansion within these sectors.
"We are also excited that we have been able to support Welldrill at a group level to secure new projects to complement its long-term iron ore multi-rig contract in the Pilbara."