Dynamic Group Holdings (Dynamic) has been awarded six additional short-term contracts to both its subsidiaries Dynamic Drill & Blast (Drill and Blast) and Orlando Drilling (Orlando), estimated to generate between $12 million and $14.15 million.
Five of the six contracts have been awarded to Drill and Blast, with three associated with a tier-one, ASX-listed iron ore producer across projects in Western Australia’s (WA) Pilbara region for the purposes of mining, civil construction and specialised blasting.
Drill and Blast also secured a contract for a project in the Gascoyne region of WA working with a tier-one, ASX-listed earthmoving contractor and a contract for a construction project in WA’s Goldfields region.
Orlando was awarded a contract with Global Lithium Resources for the planned reverse circulation (RC) drilling program at its Marble Bar lithium project.
The drilling program is planned to comprise approximately 60,000 metres of RC drilling, commencing in the first quarter of 2022.
“We were impressed with Orlando’s capabilities, track record of safety and community, and their deep experience in lithium,” Global Lithium managing director Jamie Wright said.
“We are very pleased to be teaming with them to carry out our planned drilling program commencing quarter one 2022.
“The program is aimed at extending the lithium mineralisation by targeting the greenstones to the south of our Archer Deposit, down to our southernmost tenements.”
Dynamic has an existing portfolio of long-term mining, construction and mineral drilling projects.
Following an Australian Securities and Investment Commission on November 18, 2021, Dynamic changed its name from Dynamic Drill and Blast Holdings to Dynamic Group Holdings.
Drill and Blast is a supplier of drilling and blasting services in the mining and construction sectors.
Orlando provides grade control, exploration and resource definition services in WA.