NRW Holdings' (ASX:NWH) subsidiary Primero signs letter of intent with Panoramic

Company News

by Rachael Jones

NRW Holdings (ASX:NWH) subsidiary the Primero Group has executed a Letter of Intent for an Operations and Maintenance (O&M) contract with Panoramic Resources for their Savannah Nickel Project.

Primero will operate and maintain the processing and surface infrastructure facilities at the Savannah Nickel mine for an initial term of three years, with option to extend an additional two years.

The estimated value of the contract is $35 million.

Shares in NRW Holdings (ASX:NWH) are trading 1.5 per cent lower at $2.08.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.