South West Pinnacle Exploration Limited (SWPE) has received a Letter of Intent from Hindalco Industries Limited for undertaking exploration and related services in a copper block located in Maharashtra. The scope of work includes exploration, geological report (GR) preparation, and other associated activities.
As per the terms, SWPE is required to mobilise within two weeks from the date of intimation by Hindalco. The drilling activities are expected to be completed within 30 weeks from the date of site mobilisation. The overall execution timeline for the contract is approximately 62 weeks.
The total value of the contract, including applicable taxes, is estimated at around Rs. 6.70 crore. This is a domestic contract and forms part of SWPE’s ongoing business operations in the field of mineral exploration.
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