Aquaculture company Seafarms (ASX:SFG) has awarded its first contract to Allan King & Sons Construction to commence on ground earthmoving work programs at Legune Station.
They recently formalized a consortium Agreement with Northern Territory based Traditional Owner Company, Legune Construction Ltd, for the work to start this week.
Further contracts are expected to be finalised during the 2018 calendar year including internal construction roads
and civil works associated with the Legune accommodation village.
Shares in Seafarms (ASX:SFG) are trading 3.45 per cent higher at 15 cents.