MACA Limited received a Letter of Award from FQM Australia Nickel Pty Ltd. (First Quantum) in relation to Open Pit Mining Services at the Ravensthorpe Nickel Project. The final contract award is subject to finalization of documentation with all major terms having been agreed. Mobilisation to site is expected to commence in December with operations commencing from January. The project will consist of open pit mining services including drilling and blasting, and loading and hauling. It is expected to generate approximately $480 million in revenue for MACA over the initial 5 year term. MACA's total Work in Hand position now stands at $2.5 billion and fiscal year 2020 revenue is now expected to be approximately $770 million. First Quantum have focussed on local and Aboriginal opportunities in the regions of Albany, Ravensthorpe and Esperance in order to resource the Ravensthorpe project which MACA intend to leverage from. This project will generate another 230 jobs bolstering the local and regional communities.