Diversified mining services company Perenti (ASX:PRN)
subsidiary hard-rock underground miner Barminco, has been selected as preferred contractor by Panoramic Resources at the Savannah Project in the Kimberley.
The contract is worth approximately $200 million.
Barminco’s scope of work includes mine development, production, and haulage over a three-year term, with work expected to start in March 2020.
Savannah is a nickel-copper-cobalt project located 110 kilometres north of Halls Creek in Western Australia.
Shares in Perenti (ASX:PRN)
are trading 0.65 per cent higher at $1.54.