Aug 31 (Reuters) - MACA Ltd (MLD) : EXECUTED A 'LIFE OF MINE'...

Aug 31 (Reuters) - MACA Ltd (MLD) :

• EXECUTED A 'LIFE OF MINE' CONTRACT WITH CARABELLA RESOURCES PTY LTD
• PROJECT IS EXPECTED TO GENERATE ABOUT $700 MILLION IN REVENUE OVER A 10 YEAR MINE LIFE
• CONTRACT FOR PROVISION OF MINING SERVICES AT BLUFF COAL PROJECT NEAR BLACKWATER IN BOWEN BASIN IN QUEENSLAND
• MACA WILL FINANCE DROP CUT TO FIRST COAL AND OTHER MINOR PROJECT WORKS VIA A SECURED WORKING CAPITAL FACILITY OF UP TO $25 MILLION
• PROJECT WILL UTILISE BOTH ACQUIRED AND HIRED EQUIPMENT WITH CAPITAL EXPENDITURE OF APPROXIMATELY $45MILLION
• CONTRACT WORKS WILL COMMENCE IN Q2 OF FY19 AND FIRST COAL IS EXPECTED TO BE PRODUCED IN Q3 FY19