Mastermyne Group (ASX:MYE) executed a contract for mining services with Gear M Illawarra Met Coal, or GM3, for its recently acquired Appin mine in New South Wales, according to a Tuesday filing with the Australian bourse.
GM3 is a partnership between Golden Energy and Resources and M Resources.
The mining services provider expects to generate AU$180 million in revenue across the three-year contract period. The deal includes a two-year extension option, per the filing.
Mastermyne's shares were up 13% in recent Tuesday trade.
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