Capital Limited

Capital has been awarded a three-year drilling services contract with Nevada Gold Mines in the US, expected to generate annualized revenues of circa $35 million once fully operational from 2025.

Capital was awarded a US$150 million contract by Fortescue Metals Group subsidiary Ivindo Iron for earthmoving and crushing services at the Belinga iron ore mine in Gabon, with work valued at $30 million per annum over five years.

Capital secured a mining and crushing services contract for Fortescue's Ivindo project, following a three-year drilling program. Capital plans to invest approximately $15 million in additional equipment.

Capital Limited entered a conditional open-pit waste mining services contract with Sukari Gold Mines and expanded/extended its drilling contract, collectively worth $235-260 million over four years starting January 1, 2021.