2022 General News etc, page-5

… And looking at Curragh Coal Mine …
That is the Coronado project upon which our Golding division has been awaiting final  confirmation of an extension since  the August 16, 2021 LOI (for a contract lasting five years and worth more than $1b) [ref].
The LOI implied the  existing contract finished on September 30.
The extension would run to December  31, 2026.

And that implies to me that Golding has already working under the extension for about a week.​

Which means official confirmation must be very close?
(Maybe that is why ‘they’ ran the price down today?)

Capex at Curragh?
“…up to $46M on capital equipment dependant on the final scope.”
So given it has already started, I guess some of that may add to the capex costs in the pending half yearly report {as well as Karara et al}?

More on Curragh:
A reminder als   that on September 28,  Coronado gave a Letter of Direction  was given Golding  to confirm  it  should add  a seventh fleet [ref]
The new fleet is to start  on February 1, on a one year contract…. “using existing Golding assets and hired fleets.”

cheers