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MLG Oz Limited (ASX:MLG)

ALERT: Price-sensitive ASX Announcement for MLG
Current share price for MLG : $0.700 -0.08 (-10.26%)+
Announcement
Release
4 May 2026 8:24AM
Price at Release
$0.780
Full Release
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Summary
MLG Oz Limited has announced the renewal and extension of its contract to provide integrated site services at Newmont's Tanami Operations in the Northern Territory, Australia, for an additional five years starting May 2026. The new agreement includes two optional one-year extensions and is expected to generate approximately $200 million in revenue over its term, with annual revenues estimated at $40 million. MLG will continue to deliver a range of services including ore and tailings haulage, rock breaking, and stockpile management, reinforcing its role as a key service provider at the Granites operation. This contract extension highlights the confidence in MLG’s operational capabilities and is a significant contributor to the company’s earnings forecast, with the overall group revenue anticipated to reach $550 million in FY2025.
Key Points
  • Extension of MLG's services at Tanami Operations for five years.
  • Contract includes two additional one-year extension options.
  • Expected revenue of approximately $200 million over the contract term.
  • Annual revenues estimated at $40 million.
  • Continued provision of integrated site services including haulage and management.
  • Strengthens MLG’s position as a trusted service provider at Tanami.
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.