MLG Oz's New Contracts Maintains Momentum, Euroz Hartley Says

MT Newswires Live

2025/01/17

MLG Oz's (ASX:MLG) four new contracts, expected to generate over AU$45 million in annual revenue, maintain momentum, following the company's AU$132 million contract wins in November and December 2024, Euroz Hartleys said in a Thursday note.

The contracts are for haulage and site services across four of Northern Star Resources' (ASX:NST) operations and are part of existing work that MLG has been doing for Northern Star.

Two of the contracts are expected to run until June 2027, with no timelines provided for the others, the financial services firm said.

Euroz Hartleys has a buy rating on MLG Oz.

Shares of MLG Oz rose past 3% in recent Friday trade.

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