Australian hard-rock underground miner Barminco, a subsidiary of Perenti, has been approached by Newcrest to develop an underground exploration decline at the Red Chris Project in British Columbia, Canada.
Under the agreement, the scope of works to be carried out by Barminco includes mobilisation and site establishment activities and development of a 3.5km underground exploration decline, which will provide a platform for future underground exploration activities.
Perenti Managing Director and CEO Mark Norwell described the announcement as ‘a very encouraging step’ on the road to expanding the company’s North American presence.
“Geographic expansion has been a key focus of our 2025 strategy and this early-stage work at Red Chris builds on our regional growth capabilities after commencing in North America just over a year ago” Mr Norwell said.
“This project fits with our strategy as we continue to pursue high quality growth opportunities within attractive mining jurisdictions, partnering with top-tier producers holding multi-mine portfolios and long-life, expandable assets.”