Contract Extension at Sukari

RNS Number : 1497F

Capital Drilling Limited

25 October 2018

 

For Immediate Release

25 October 2018

Capital Drilling Limited
("Capital Drilling" or the "Group")

Contract Extension at Sukari

Capital Drilling Limited (CAPD:LN), a leading drilling solutions company focused on the African markets, is pleased to announce it has been awarded a renewed five year production drilling contract at the Sukari Gold Mine, extending the current contract through to 2023.

Capital Drilling has been active at the Sukari mine since 2005 and currently runs a fleet of 14 rigs, providing Sukari with blast hole and grade control drilling services in the open pit.

Commenting on the contract extension, Jamie Boyton, Chairman said:

"Capital Drilling has been working with Centamin for fourteen years and we are delighted to continue this relationship as the demand for our services continues. This contract extension is a testament to the Group's solid operational performance and provides stability in operations to support our ongoing investment, in what is one of the highest quality and long-life gold mines globally."

For further information, please visit Capital Drilling's website www.capdrill.com or contact:

Capital Drilling Limited                                                       [phone]

Jamie Boyton, Executive Chairman                                   [e-mail]

André Koekemoer, Chief Financial Officer

finnCap Ltd                                                                           [phone]

Christopher Raggett, Corporate Finance

Camille Gochez, Corporate Broking

Tamesis Partners LLP                                                          [phone]

Charlie Bendon

Richard Greenfield

Buchanan                                                                               [phone]

Bobby Morse                                                                         [e-mail]

Gemma Mostyn-Owen

About Capital Drilling

Capital Drilling provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d'Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group's corporate headquarters are in Mauritius.

 

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