Macmahon finalises $1.1 billion load and haul services contract for the Greenbushes lithium project

Macmahon Holdings (ASX:MAH) (‘Macmahon’ or ‘the Company’) is pleased to confirm that it has now finalised a load and haul services contract with Talison Lithium Australia Pty for the Greenbushes lithium project in Western Australia. This follows Macmahon’s selection as the preferred load and haul contractor for the project (see ASX announcements on 23 November 2022 and 21 December 2022)

This contract involves open cut mining activities of load and haul, and crusher feed, which will commence on 1 July 2023 for a 7-year period with an option to extend for up to 2 years. The contract is estimated to generate revenue in excess of $1.1 billion over its initial 7-year term.

Macmahon CEO and Managing Director, Michael Finnegan, said:

“We are delighted to finalise this contract with Talison Lithium for its Greenbushes lithium project. This contract will add approximately $1.1 billion to our order book, which delivers on our commodity diversification strategy into future relevant commodities. We have built a strong relationship with the Talison Lithium team and look forward to developing this project with them.”