| MACA receives Letter of Intent from Atlas Iron (1 pages) | |
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MARKET
ANNOUNCEMENT
15th May 2015 45 Division Street, Welshpool WA 6106
PO Box 625 Welshpool DC WA 6986
P: (08) 6242 2600 | F: (08) 6242 2677 | E: [email protected]
MACA receives Letter of Intent to Award Wodgina Mining Contract
MACA Limited (ASX:MLD) is pleased to announce that it has received a Letter of Intent from Atlas Iron Limited (ASX:AGO) in relation to its Wodgina DSO project in the Pilbara region of Western Australia. This follows on from the successful resumption of mining and crushing at Abydos in early May.
MACA will provide open pit mining services including drilling and blasting, and loading and hauling. Mobilisation to site will commence immediately with operations to begin next week. The project will utilise existing fleet and will not require any capital expenditure.
Operations Director Geoff Baker said "We are pleased to continue our long term relationship with Atlas Iron, by now working at the Wodgina project. The project will utilise otherwise idle plant and equipment and ensure we can maintain continued employment for our people."
The Wodgina project is expected to generate revenues in excess of $4.2 million per month with duration of approximately 17 months. The project is part of a wider contractor collaboration agreement which provides for potential profit sharing as detailed in today's announcement by Atlas Iron Limited.
For further information please contact:
Chris Tuckwell Peter Gilford Managing Director Company Secretary MACA Limited MACA Limited
(08) 6242 2600 (08) 6242 2600
About MACA: MACA Limited is a mining, crushing and civil contractor with major projects throughout Western Australia and Brazil. Employing more than 1000 people, MACA offers a full range of surface mining and crushing services, and civil infrastructure services.
Visit www.maca.net.au for more information
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PRODUCER |
CODE : AGO.AX |
ISIN : AU000000AGO1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Atlas Iron is a iron exploration company based in . Atlas Iron holds various exploration projects in Australia. Its main asset in production is PARDOO in Australia, its main assets in development are WODGINA and RIDLEY MAGNETITE PROJECT in Australia and its main exploration properties are ABYDOS, MT WEBBER and MID WEST IRON in Australia. Atlas Iron is listed in Australia and in Germany. Its market capitalisation is AU$ 416.8 millions as of today (US$ 302.7 millions, € 265.6 millions). Its stock quote reached its highest recent level on July 29, 2011 at AU$ 3.96, and its lowest recent point on June 24, 2016 at AU$ 0.01. Atlas Iron has 9 261 129 728 shares outstanding. |