SWK swick mining services ltd

Dec 22 (Reuters) - Swick Mining Services Ltd (SWK) : 1H FY21...

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    Dec 22 (Reuters) - Swick Mining Services Ltd (SWK) :

    • 1H FY21 UNAUDITED GROUP EBITDA (INCLUDING OREXPLORE) EXPECTED TO BE IN RANGE OF $11 TO $12 MILLION
    • TO SELL ITS SURFACE REVERSE CIRCULATION DRILLING BUSINESS TO K-DRILL AND K-DRILL EQUIPMENT
    • WILL RECEIVE TOTAL PROCEEDS FOR RC BUSINESS & ASSETS OF ABOUT $6.4M CASH
    • SEES 1H FY21 DRILLING BUSINESS (EXCLUDING OREXPLORE) TO DELIVER UNAUDITED REVENUE OF $72 MILLION TO $74 MILLION
 
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