Australia's Perenti hits over 8-week high on contract for Savannah nickel project

Panoramic Resources

09/07/2021 05:37

** Shares of Perenti Global  PRN.AX  jump as much as 4.8% to
A$0.770, their highest since May 13
    ** Co says unit, hard-rock underground miner Barminco has
finalised a contract with Panoramic Resources  PAN.AX 
 urn:newsml:reuters.com:*:nASN001FEP
    ** Says contract for development and production works at
Savannah nickel project in the Kimberley region of Western
Australia
    ** Co says finalised contract represents a value of about
A$280 mln ($207.65 mln) over a four-year term
    ** Stock down 46.4% YTD, as of last close 
    
($1 = 1.3484 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))