Perenti Global Limited has been awarded the contract for open pit mining services at the Sandfire Resources Motheo Copper Project in Ghanzi, Botswana. The contract, which is yet to be finalised, has an estimated value of USD 496 million (AUD 648 million at 100% basis) over an initial term of 7 years and 3 months with a provision for a one-year extension. Finalisation of the contract is contingent on the satisfaction of two primary conditions: Sandfire being granted a mining licence for the Motheo Project; and Finalising the terms of the Mining Services Contract. Under the terms of the Mining Services Contract, AMS will identify a suitable local Botswana company or companies as a Joint Venture partner for the project and transition to the joint venture before the commencement of mining in early 2022.