Emerald Resources has locked in major mining contracts with MACA Mining for its Dingo Range project in Western Australia and extended operations at its Okvau Gold Mine in Cambodia, underpinning its growth strategy across two continents.
- MACA appointed preferred contractor for Dingo Range and Okvau
- Dingo Range contract valued at approximately A$562.5 million over 74 months
- Okvau mining contract extended through February 2030
- Contracts follow prior Exclusivity Agreement and 20-year partnership
- Emerald advancing fully funded projects with strong ESG commitments
MACA Secures Major Mining Role at Dingo Range
Emerald Resources NL (ASX:EMR) has awarded a substantial mining services contract to MACA Mining Pty Ltd, a Thiess Group subsidiary, for its 100% owned Dingo Range Gold Project in Western Australia. The contract, valued at around A$562.5 million, covers drill and blast, load and haul, ROM crusher feed, mine development, and ancillary services over an initial 74-month term starting December 2026. This commitment marks a significant step in transitioning the Dingo Range project from development to production.
Extension of Okvau Operations Strengthens Cambodian Footprint
Simultaneously, Emerald has extended its existing mining contract with MACA at the Okvau Gold Mine in Cambodia, continuing operations through Stages 8 and 9 until February 2030. This extension builds on the original contract executed in March 2020, reinforcing Emerald’s operational continuity and growth in a key Southeast Asian jurisdiction.
Long-Term Partnership and Transparent Negotiations
These Letters of Award follow an Exclusivity Agreement announced in August 2024 and reflect a two-decade relationship between Emerald’s management and MACA. Managing Director Morgan Hart highlighted the transparent open book negotiation process that led to agreed schedules of rates, underscoring mutual trust and operational synergy. The mobilization of MACA to Dingo Range is slated for late 2026, aligning with Emerald’s timeline to ramp up production.
Robust Project Pipeline and ESG Commitments
Emerald is advancing two fully funded and permitted mining developments: the Dingo Range Gold Project in Australia and the Memot Gold Project in Cambodia, alongside expanding the Okvau mine. The company boasts a highly credentialed operational team with a track record of delivering projects on time and budget. Emerald also emphasises environmental and social governance, aiming for carbon-neutral operations in Cambodia and strict adherence to international and local standards.
Strategic Growth Backed by Strong Cash Position
With a market capitalisation around A$3.5 billion and cash reserves exceeding A$337 million as of March 2026, Emerald is well-positioned to execute its growth strategy. The company’s significant exploration upside in both Cambodia and Australia, including resource expansions at Okvau and Memot, supports its ambition to become a multi-mine gold producer. The Dingo Range contract award follows recent regulatory approvals and capital commitments that have paved the way for project development and resource upgrades Works Approval granted for Dingo Range.
Bottom Line?
Emerald’s contract awards to MACA cement its operational foundation for multi-mine growth, but the execution of these large-scale mining contracts will be critical to watch as production ramps up from late 2026.
Questions in the middle?
- How will MACA’s mobilization impact the Dingo Range project timeline and costs?
- What exploration results might influence future expansions at Okvau and Memot?
- How will Emerald balance growth ambitions with its carbon neutrality targets in Cambodia?