MLG Oz Expects Revenue with Evolution Mining to Rise to AU$32 Million Per Year on Contract Extension

MT Newswires Live

2024/11/28

MLG Oz (ASX:MLG) secured a contract extending its services to Evolution Mining's (ASX:EVN) Mungari gold operations for five years, raising its revenue with Evolution to AU$32 million from AU$25 million per year, according to a Wednesday filing with the Australian bourse.

Set to take effect on July 1, 2025, the contract is for mining services and resource asset management at Evolution's Mungari operations in Western Australia.

MLG Oz expects to realize the revenue increase from fiscal 2026 onwards, the filing said.

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