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Forrestania Resources Awards AU$27 Million Open-Pit Mining Contract to Mega Resources

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Forrestania Resources (ASX:FRS) awarded an estimated AU$27 million open-pit mining contract for its Tycho gold project in Western Australia to Mega Resources, according to a Monday filing with the Australian bourse.

The contract covers drill and blast operations, excavation, loading and haulage of ore and waste, ore delivery to the run-of-mine stockpile, haul road construction and maintenance, pit services and associated mining support activities over a roughly seven-month duration, per the filing.

Forrestania selected Mega following a competitive tender process, it said.

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