MLG Oz Limited (ASX:MLG) Secures $75M Haulage Contract with Westgold Resources
Contract Details
MLG Oz Limited has secured a $75 million bulk haulage contract with Westgold Resources Limited (ASX:WGX). The agreement includes providing bulk ore haulage services, managing ore stockpiles, and maintaining haul roads across Westgold’s southern operations in the Goldfields of Western Australia. The contract has the potential to generate over $25 million in annual revenue for MLG over an initial three-year term starting in March 2025.
Operational Achievements
This new contract builds on MLG’s three-year relationship with Westgold in the Murchison region and strengthens MLG’s presence in the Goldfields. It leverages MLG’s extensive Goldfield network as Westgold continues to expand its Southern Goldfields operations. The contract follows a period of significant growth for MLG, including recent agreements with Northern Star Resources, Evolution Mining, and Norton Gold Fields.
Executive Comments
MLG Managing Director Murray Leahy stated, “We are very pleased to further our relationship with Westgold, the combination of this work into our portfolio builds on the businesses’ shared philosophy of unlocking value through a strategic focus on efficiency, safety and scale. Our continued relationship is an endorsement of our team’s capabilities, and we look forward to continuing to support Westgold.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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