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SIGNED, SEALED AND DELIVERED

MACA on the road front of our thinking and will continue to be
with Atlas as we execute against the initiatives de-
tailed in our 2025 group strategy.”
MACA Ltd will upgrade a 22km section of
a public road near Atlas Iron Pty Ltd’s Co- AngloGold continues to
runna Downs iron ore project in the Pilbara, fly with RCubed
Western Australia.
The contract, which is expected to gener- AngloGold Ashanti Ltd will continue to
ate $38 million over an eight-month term, use K2fly Ltd’s RCubed resource and re-
also includes development of a 13km ac- serve reporting software for another three
cess road. years.
About 80 people will be employed during The world’s third largest gold miner is
the peak of the contract. Works will begin one of RCubed’s foundation customers SRG will provide specialist drill and blast
this quarter and are expected to be com- and it was AngloGold’s listing on the NYSE services to Saracen’s Thunderbox and Carosue
pleted later this year. which prompted development of the soft- Dam operations for the next five years
MACA has a longstanding relationship ware which supports reporting codes such
with Atlas, having previously provided as JORC, NI 43-101 and SAMREC.
services at Pardoo, Mt Dove, Abydos and AngloGold has used RCubed to create SRG has provided specialist geotech
Wodgina and is currently providing crush- its entire mineral resources and reserves services to the Super Pit – Saracen owns
ing services to the Mt Webber operations. report, from data collection through to pub- 50%, alongside Northern Star Resources
Meanwhile, the Perth-based contractor lishing, ensuring full resource governance, Ltd – for the past 20 years.
has also received notice of a 12-month ex- security and integrity of the data.
tension to its Eastern Ridge mobile crush- Four of the world’s top 10 gold min- Zenith bound for
ing contract for BHP Ltd. ing companies either use or implement
RCubed software to report their resources the Pacific
Perenti suspends Downer and reserves. Remote power solutions provider Zenith
The three-year extension of the contract
talks, for now is valued at more than $240,000. K2fly’s Energy Ltd is set to be acquired by Pacific
total contract value at the time of print had Equity Partners.
Perenti Global Ltd has shelved plans to exceeded $4.7 million, with the possibility Zenith has entered a scheme implemen-
acquire Downer EDI Ltd’s mining services of more contracts being added to the pipe- tation deed with Elemental Infrastructure
division due to current market conditions line over the next three months. BidCo Pty Ltd, an entity owner by funds
but remains open to resuming talks when managed or advised by Pacific Energy,
the economic climate improves. under which Elemental will acquire 100%
In a statement to the ASX on March 16, SRG set to drill and blast of the share capital of Zenith by way of a
Perenti said while it continued to believe the for Saracen scheme of arrangement.
potential acquisition had strategic merit, the Under the scheme consideration, Zenith
ability to structure and fund such a trans- SRG Global Ltd has been awarded a shareholders are set to receive $1.01/share
action in the current market would create new five-year drill and blast contract with in cash, which represents a 45.3% premi-
uncertainty and volatility that was not in the Saracen Mineral Holdings Ltd, valued at um to the company’s closing share price on
best interests of shareholders. circa $70 million. March 6.
“We will maintain a watching brief on the The contract scope includes the provi- The scheme consideration values Zenith
situation and do not rule out re-engaging sion of specialist drill and blast services – equity at $150 million and enterprise value
with Downer if market conditions improve,” including production drilling – explosives at $250 million.
Perenti managing director Mark Norwell supply and management, as well as grade Zenith’s board has unanimously recom-
said. control drilling. mended that shareholders vote in favour
“It is important we maintain discipline Services will be provided to Saracen’s of the scheme in the absence of a superior
around our growth strategy. Creating value Thunderbox and Carosue Dam operations, proposal. An indicative timetable has the
for our shareholders is always at the fore- both in Western Australia. scheme being implemented in June 2020.

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