Macmahon Holdings (ASX:MAH) has secured a two-year contract extension worth approximately $98 million at Vault Minerals’ (ASX:VAU) Daisy Milano Gold Mine in Western Australia.
The extension will see Macmahon continue providing underground mining services — including mine development, charging, and load and haul services — through to the end of October 2028. The company has been operating at the project since 2024.
The contract extension increases Macmahon’s secured order book, though the company says its FY27 guidance and capex budget remain unchanged.
CEO Michael Finnegan says the extension reflects the performance of Macmahon’s onsite team.
“This outcome reflects the professionalism, capability, and commitment of our people on site, who have consistently delivered safe and reliable operational performance while supporting the ongoing success of the operation,” Finnegan says.
“Daisy Milano is an important project within our underground portfolio. We look forward to continuing to work closely with the Vault team over the next two years.”
Macmahon Holdings provides mining and civil infrastructure services throughout Australia and Southeast Asia.
Write to Paula Fabe at Mining.com.au
Main image: Vault Minerals
