Mining and drilling contractor Perenti doesn’t expect new capital outlays to support a five-year, A$160 million (US$110m) contract extension at the iconic Fimiston gold mine at Kalgoorlie in Western Australia.
Subsidiary Ausdrill started work at the site back in 1987 with two rigs. Its latest contract extension to March 2027 has it providing up to 14 production blast-hole drill rigs to support ongoing operations.
“Given the scale and quality of its existing Ausdrill fleet, Perenti does not expect any new capital outlay to support this contract,” the company said.
Northern Star Resources-owned Kalgoorlie Consolidated Gold Mines is increasing Fimiston output to 650,000 ounces a year by 2026 and eyeing an even bigger expansion.
Perenti said one of Ausdrill’s first drilling contracts had grown into the group’s largest surface contract in Australia.
