The scope includes construction of a 43km bitumen sealed access road connecting the mine with the
The contract is a key early works package to establish access and construction pads across the various project areas, including the accommodation village, processing facilities, power station, bore fields and site offices and buildings (amongst other areas).
The parties have agreed final contract documentation (the Agreement) with special provisions relating to schedule, cost, safety and environment, quality, local content and indigenous engagement.
The Agreement is subject to conditions precedent regarding the development of the Project and Strandline releasing a formal notice to proceed to commence the works under contract.
Macmahon's experience in civil and bulk earthworks construction and bulk material mining, means it is well credentialled to meet Coburn's early development requirements. Macmahon's execution plan incorporates the use of local procurement initiatives and specialist sub-contractors to support the construction works, as well as aligning strongly with Strandline's approach to health, safety and environmental and indigenous engagement.
Strandline Managing Director
'This commercial milestone is the first of a series of material project contracts to be awarded as part of project financing in preparation for construction and Financial Close.'
'We are pleased to further our relationship with Macmahon and look forward to delivering the construction works safely, on time and budget,'
'Coburn has a world-scale Ore Reserve, situated in a Tier-1 location, we have binding offtake agreements in place with major customers, reputable contractors on board and project funding activities progressing rapidly.'
This announcement is authorised for release by the Board of Directors of
ABOUT MACMAHON
Macmahon's civil and surface mining business has more than 50 years' experience in bulk and selective mining operations. Headquartered in
ABOUT STRANDLINE
Strandline's project portfolio contains high quality assets which offer a range of development options and timelines, geographic diversity and scalability. They include two zircon-titanium rich, 'development ready' projects, being the large
Contact:
Tel: +61 8 9226 3130
Email: enquiries@strandline.com.au
FORWARD LOOKING STATEMENTS
This report contains certain forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside of the control of Strandline. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay, approvals and cost estimates. Actual values, results or events may be materially different to those contained in this announcement. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statements in this announcement reflect the views of Strandline only at the date of this announcement. Subject to any continuing obligations under applicable laws and ASX Listing Rules, Strandline does not undertake any obligation to update or revise any information or any of the forward looking statements in this announcement to reflect changes in events, conditions or circumstances on which any forward looking statements is based.
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