VYSARN TO PROVIDE WATERWELL SERVICES TO FMG & MOBILISES RIGS TO BHP'S OLYMPIC DAM

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    Vysarn Limited (ASX:VYS) (Company) is pleased to advise that its wholly owned subsidiary
    Pentium Hydro Pty Ltd (Pentium) has received a purchase order for Hydrogeological Borefield
    and Construction Services from Chichester Metals Pty Ltd (Principal), a subsidiary of Fortescue
    Metals Group Limited for $800,000. Under the purchase order, Pentium will provide services to
    the Principal at its iron ore mine in Cloudbreak in the Pilbara region of Western Australia. Pentium
    and the Principal are in discussions regarding a formal agreement for Pentium to provide
    Hydrogeological Borefield and Construction Services to the Principal. The Principal has issued
    the purchase order in the interim to enable Pentium to commence mobilisation.
    Pentium has commenced mobilisation of the drill rig and auxiliary plant which will be used to
    service the purchase order, and subject to final inspection of the equipment to be carried out in
    Newman, Western Australia over the next 7-14 days will then complete the mobilisation to the
    Principal's site at Cloudbreak. Pentium anticipates commencement of drilling services to the
    Principal by the end of September.
    Additionally, the Company advises
    that further to its dry hire agreement
    for two drill rigs with Easternwell WA
    Pty Ltd (Easternwell) as announced
    on 16 August 2019, the first rig has
    arrived on site at BHP's Olympic Dam
    mine in South Australia and the
    second rig has been despatched from
    the Company's yard In Canning Vale.
    The Company expects these rigs will
    be operating and income producing
    during the month of September

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