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Boom Logistics Limited (ASX:BOL)

ALERT: Price-sensitive ASX Announcement for BOL
Current share price for BOL : $1.935 -0.185 (-8.73%)+
Announcement
Release
30 Jun 2026 8:16AM
Price at Release
$2.120
Full Release
download
Summary
Boom Logistics Limited has extended its contract with BHP at South Australia's Olympic Dam, a key copper, gold, uranium, and nickel mining site. The extension is valued at $40 million annually over five years, with a further two-year option at BHP's discretion. The agreement continues Boom's long-standing service since 2012, reinforcing its strategy of building partnerships with tier-one clients. The contract offers revenue visibility, supports margin expansion, and positions Boom to explore further opportunities during planned shutdowns and expansions at the site.
Key Points
  • Boom Logistics Limited (ASX: BOL) has extended its contract with BHP at the Olympic Dam site.
  • The renewed contract is expected to yield $40 million in annual revenue over a five-year term.
  • BHP retains customary termination rights on reasonable notice.
  • The contract extension will enhance Boom's recurring earnings profile and operational efficiency.
  • Boom has been providing services at Olympic Dam since 2012.
  • The contract extension reflects Boom's performance and trust with BHP.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.