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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.