Vault Minerals to transition to owner-operator model at KoTH mine from 2027

Vault Minerals will shift load-and-haul operations at its King of the Hills (KoTH) open-pit mine in Western Australia to an owner-operator model, effective 1 January 2027. This transition will be made after the expiry of its present mining services contract at the end of next year. Following a rigorous tender process and thorough assessment, Vault has decided that the owner-operator model offers superior cost efficiency and enhanced cost control, enabling direct management of operating costs and improved ...