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Mitchell Services to make placement as work continues at BHP's Olympic Dam

The halt will remain in place until Friday 15th September 2017.
Mitchell's shares are in pre-open

Mitchell Services Ltd (ASX:MSV) recently revealed a material underground drilling contract with BHP Billiton (ASX:BHP) at its Olympic Dam mine in South Australia.

Mitchell has entered into a formal variation to extend the contract tenure and materially increase the scope of work.

Under the varied terms, Mitchell will provide up to seven underground rigs and will play an integral part in BHP’s plans to expand into the high-grade southern area of the mine.

Mitchell has this morning entered a trading halt, pending the outcome of a placement.

The halt will remain in place until the opening of trade on Friday 15th September 2017, or earlier if an announcement is made to the market.

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