Mastermyne Secures Long-term Dendrobium Mining Contract Worth up to AU$255 Million
Mastermyne Group Limited (ASX: MYE) has secured a new mining services contract with GM3 for the Dendrobium underground metallurgical coal mine in New South Wales, further strengthening its presence in Australia's underground coal sector. The agreement has an initial two-year term with two additional two-year extension options, representing estimated gross revenue of approximately AU$85 million during the initial period and up to AU$255 million over six years if all extension options are exercised. Operations are scheduled to commence in September 2026 and will expand Mastermyne's existing scope of work at the Dendrobium mine by adding more than 140 new roles. The contract complements the Company's existing mining services at GM3's nearby Appin operation and reinforces its growing order book, supported by sustained demand for specialised underground coal mining services across Australia's east coast coal basins.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Mastermyne Secures Long-term Dendrobium Mining Contract Worth up to AU$255 Million
Mastermyne Group Limited (ASX: MYE) has secured a new mining services contract with GM3 for the Dendrobium underground metallurgical coal mine in New South Wales, further strengthening its presence in Australia's underground coal sector. The agreement has an initial two-year term with two additional two-year extension options, representing estimated gross revenue of approximately AU$85 million during the initial period and up to AU$255 million over six years if all extension options are exercised. Operations are scheduled to commence in September 2026 and will expand Mastermyne's existing scope of work at the Dendrobium mine by adding more than 140 new roles. The contract complements the Company's existing mining services at GM3's nearby Appin operation and reinforces its growing order book, supported by sustained demand for specialised underground coal mining services across Australia's east coast coal basins.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au