Core Viewpoint - Perenti's underground mining division, Barminco, has secured a four-year contract valued at approximately A$300 million ($198.3 million) for underground mining services at the Dalgaranga Gold Project in Western Australia [1] Group 1: Contract Details - The contract scope includes underground development, production, and related mining services, with an option to extend for an additional year [2] - A capital requirement of around $16 million in growth capital is needed in fiscal year 2026 (FY26), which has been included in recent financial guidance [3] Group 2: Company Performance and Future Outlook - Barminco's successful completion of an underground exploration decline at Dalgaranga supports both production and further development [2] - The contract is seen as validation of the high-quality work completed at Dalgaranga to date, with expectations for safe and reliable production for Ramelius Resources [3] - Recent regional contract wins have built additional scale for Barminco, enhancing benefits for clients and shareholders, and supporting Australian earnings and sustainable cash generation [4] Group 3: Related Developments - In June, Barminco secured a separate A$200 million contract with Westgold Resources for underground mining services at the Great Fingall project in Western Australia [4] - The Dalgaranga project is expected to be a long-life, high-margin underground mine, producing more than 45,000 ounces annually, making it well-suited for contract mining operations [5]