Mastermyne signs underground construction contract

Company News

Mastermyne Group Limited (ASX:MYE) has announced it has executed a contract for Underground Roadway Development Services with a global mining company.
The new contract win was flagged in the full-year result of the underground coal contractor on the 18th of August.
The initial term of the contract is two years and Mastermyne can expect to generate revenue of between $10 million and $12 million a year from the contract.
The company will perform the construction of underground roadways for mine infrastructure both in seam and out of seam.
Mastermyne reported a loss of $4.35 million at 30 June. 

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.