AUSDRILL AWARDED CONTRACT EXTENSIONS Diversified mining services...

AUSDRILL AWARDED CONTRACT EXTENSIONS

Diversified mining services company Ausdrill Limited (ASX: ASL) is pleased to announce that it has successfully secured the following contract extensions:

• Evolution Mining - Mungari
Ausdrill has been awarded a 3 year extension for the production drilling works at Evolution Mining’s Mungari project in Western Australia.

• AngloGold Ashanti – Iduapriem
Ausdrill’s wholly owned subsidiary, African Mining Services (AMS) has received a provisional letter of award from AngloGold Ashanti for a further two-year contract extension at the Iduapriem gold mine, located in Ghana, where AMS has been providing a full suite of mining services since 2014. Final award is subject to finalisation and agreement on the documentation applicable to the extension. The contract extension is valued at approximately US$108 million (AUD$142 million) and will be serviced with existing fleet.

• Resolute Mining - Syama
AMS’s existing contract has been extended through until May 2018. AMS will continue to provide a full suite of contract mining services including drilling, blasting and load and haul operations at the Syama project.