Mincor Resources NL announce the award of the underground mining contract for its 100%-owned Kambalda Nickel Operations in Western Australia to Kalgoorlie-based underground mining services and equipment hire group Pit N Portal ("PNP"). The contract encompasses a 5-year underground mining contract for the new Cassini Nickel Mine, where early surface works were recently completed, and a 3-year contract (plus one 2-year option) at the Northern Operations (the brownfields Durkin North and Long Nickel Mines). The contract was awarded following the completion of a highly competitive tender process and an extensive due diligence process led by Mincor's Chief Operating Officer, Dean Will, examining safety, Kambalda underground experience and performance, capabilities, equipment availability and cost. All key components of the contract are in line with the parameters set out in the Nickel Restart Definitive Feasibility Study (DFS) completed in March 2020, which was based on an initial 5-year operation from two production centres with all ore processed at BHP Nickel West's ("BHP") Kambalda Nickel Concentrator and the resulting nickel concentrate sold to BHP. Mincor has executed a binding contract with PNP subject to a Notice to Proceed ("the Notice") being issued by Mincor before 31 March 2021. Should the Notice not be issued by 31 March 2021, either party can terminate the contract, or the time period can be extended by mutual agreement. After receiving the Notice, PNP will have up to 60 calendar days to plan and mobilise for commencement of the contract. Mincor is targeting the commencement of mining operations at Kambalda in the second half of CY2020, subject to Board approval and a Final Investment Decision on its Nickel Restart Plan. The parties are cognisant that COVID-19 has the potential to impact certain aspects of mining operations in the future and have an agreed process in place should enduring changes to operations materialise.