Dynamic Group Holdings Ltd secures significant contract

Dynamic Group Holdings Limited (ASX: $DDB) has announced the award of a new long term gold production Drill & Blast contract to Dynamic Drill & Blast Pty Ltd, estimated to generate additional revenue of between $60m and $65m. The contract, awarded by Silver Lake Resources Limited (ASX: $SLR) in the Eastern Goldfields region of Western Australia, is anticipated to have a term of 49 months. Up to 8 blast hole drill rigs will be utilized during the project at any time, with Dynamic Group equipment and personnel currently operating on site.

Executive Director's perspective on the contract award

This contract award helps to underpin our strategy of building a resilient and production focussed portfolio of projects, while continuing to generate opportunities to redeploy our resources to long- term engagements in areas we have strong experience within, from a commodity perspective as well as geographically. The Silver Lake project is an opportunity to improve operational efficiencies for our assets, compared with legacy projects which we have transitioned from. We are excited to be working with a customer such as Silver Lake to assist in their ongoing production objectives. We are appreciative of the opportunity.

Summary of the contract award and future prospects

Dynamic Group Holdings Limited (ASX: $DDB) has secured a significant long term gold production Drill & Blast contract with Silver Lake Resources, expected to generate between $60m and $65m in additional revenue over the anticipated 49-month contract term. The company's Executive Director, Matt Freedman, emphasized the strategic importance of this contract in building a resilient and production focussed portfolio of projects. With the project already underway and the company's equipment and personnel in operation, Dynamic Group is well-positioned to capitalize on this opportunity. The company also looks forward to providing updates on contract discussions within the Water, Drill & Blast, and Exploration businesses with multiple parties, indicating a positive outlook for future contracts and business prospects.