Macmahon awarded extension at Majestic underground gold project

Macmahon Holdings Ltd has announced that its wholly owned subsidiary, Macmahon Underground Pty Ltd, has been awarded a 12‑month contract extension with a wholly owned subsidiary of Black Cat
Syndicate Ltd for underground mining services at the Majestic gold mine in Western Australia.

The extension follows the successful establishment of the underground portal and first ore delivery to the Lakewood Mill. Under the expanded scope of works, Macmahon will continue to provide  underground development, production and associated mining support services.

Michael Finnegan, Managing Director and CEO, said: “Macmahon welcomes the extension for an additional 12-month period of our highly successful partnership with Black Cat Syndicate at the Majestic Mine. I congratulate the Underground Team and look forward to further delivering strong returns to our valued client.”

In its April 28 quarterly update, Black Cat reported that all key Majestic infrastructure was installed and operational and that it had commenced the first long-hole stope. Stoping ore grades were expected to exceed 3 g/t, supporting higher gold output. The underground mine has an expected four year life, with additional upside from the adjacent Imperial open pit. It will contribute 30% of the Kal East ore feed, supporting an uplift in overall mill head grade.

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