MACA Limited has entered into a Memorandum of Understanding with Renaissance Minerals (Cambodia) Ltd. to supply equipment and contract mining services at the Okvau Gold Project in Cambodia. The memorandum of understanding is subject to a final investment decision to develop the project by the Emerald Resources Board of Directors. MACA and Emerald have agreed all material terms, conditions, schedules and rates within a draft mining contract (Mining Contract) to be executed upon a final investment decision. The scope of work to be undertaken under the Mining Contract will include load, haul, drill and blast utilising 100 tonne class dump trucks. The initial term of the contract will be aligned to the current schedule of 7 years with an option to extend and equates to approximately USD 220 million in revenue.