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Macmahon A$55 million underground contract at Kal East

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Macmahon Holdings Ltd has announced that it has been awarded an underground mining services contract by Black Cat Syndicate Ltd at the Majestic Mining Centre which is
part of the Kal East Gold Operation located in the Kalgoorlie-Boulder region of Western
Australia.

The scope for Macmahon includes all underground mine development, production services
and associated works. The project is expected to commence from August 2025 for an initial
12-month period and is valued at approximately A$55 million with the company’s FY26 capital expenditure budget remaining unchanged.

Michael Finnegan, Managing Director and CEO, said: “We are delighted to be selected as the preferred mining contractor at the Majestic Mining Centre and look forward to supporting Black Cat Syndicate in their growth plans for the Kal East Gold Operation. This contract award reflects Macmahon’s strategic focus of increasing scale in our underground business and I would like to thank our team for their continued dedication and support in building new, trusted client relationships.”

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