Perenti (ASX:PRN) appointed preferred contractor at the Savannah Project

Company News

by Rachael Jones

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.