Capital, the leading mining services company, has announced several material contract developments across its drilling, mining and laboratory operations.
Commenting on the new contract awards, Jamie Boyton, Executive Chairman, said: “We are pleased to announce today that we continue to capitalise on the highly favourable demand environment and are starting to deploy the funds recently raised to support our growth strategy. We are seeing this increasing demand across all parts of the business, with contract wins highlighted below spanning mining, drilling and MSALABS.”
He adds: “In mining, we have recommenced waste stripping mining at the Sukari Gold Mine, utilising our remaining fleet at site. Our drilling business has secured a multi-year grade control drilling contract with Montage Gold in Côte d’Ivoire. MSALABS has secured a multi-year contract with Equinox Gold, underpinning the decision to construct a commercial laboratory in Newfoundland and deploy another PhotonAssay unit. We are excited by the momentum we are seeing and will provide further detail, including guidance for 2026, at our FY2025 results on the 19th March.”
In more detail, Capital has been awarded a waste stripping cutback services contract at Sukari Gold Mine, operated by AngloGold Ashanti. This contract will utilise its existing equipment still on site supported by a number of newly purchased trucks and additional ancillary equipment. The contract term is 18 months and is expected to commence in Q1 2026, with the existing equipment, followed by the new equipment phasing in through Q2 2026.
Capital has also been awarded a 5-year grade control drilling contract with Montage Gold at its Koné Gold Project in Côte d’Ivoire. Mobilisation is expected to start in Q2 2026.
Finally, MSALABS has been awarded a 5-year commercial laboratory services contract with Equinox Gold’s Valentine Project in Newfoundland, Canada. This contract will underpin the construction of a new commercial laboratory in Newfoundland utilising PhotonAssay technology, as well as providing sample preparation and multi-element analysis.
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