SSH Group to Acquire Total Contract Mining, Expanding Mining Services

About SSH Group Limited

SSH Group Limited (ASX: SSH), founded in 2019 and headquartered in Perth, Western Australia, provides diversified services across mining, civil, and construction industries. The company operates through its key business segments, including workforce services, equipment hire, project management, and mining services, with a growing footprint across major Australian resource hubs. SSH Group is focused on delivering value-driven solutions for Tier 1 and mid-tier clients, with a strategy centred on safety, innovation, and operational excellence. The company’s shares are currently trading at $0.11 per share.

TCM Acquisition Enhances Mining Services Capabilities

The acquisition of Total Contract Mining marks a strategic evolution of SSH’s business model. TCM, established in 2023 by highly regarded mining professionals, specialises in providing cost-effective, early-stage production solutions to small and mid-sized mining companies. The business is recognised for its ability to unlock underutilised mineral assets through tailored mining strategies and execution excellence.

The acquisition will significantly expand SSH’s capabilities across key mining services, including opencut, underground, and drill-and-blast operations. TCM’s expertise in identifying and fast-tracking high-grade projects directly complements SSH’s existing portfolio and strengthens its ability to provide end-to-end solutions for mining clients.

TCM operates under a philosophy of delivering rapid production parcels while prioritising grade control, operational efficiency, and cost management. With a pipeline of secured projects and ongoing work with mining clients across Western Australia, TCM will play a pivotal role in SSH’s strategy to become a fully integrated mining services provider.

Key Leadership Integration to Drive Growth

Upon completion of the transaction, SSH will welcome two senior TCM executives to its leadership team. Kevin Malaxos, currently TCM’s Operations Director, will join the SSH board as a Non-Executive Director. Malaxos brings over 35 years of experience across gold, nickel, iron ore, and base metals, having held senior roles at Alliance Resources, Mt Gibson Iron, Byrnecut, and WMC Resources.

Sam Baker, founder and Managing Director of TCM, will assume an operational leadership role within SSH’s mining services division. Baker has over 12 years of experience in Western Australian hard rock mining and a proven track record managing both owner-operated and contract mining projects across gold, copper, and nickel operations.

The integration of Malaxos and Baker will not only provide technical expertise but also foster client relationships and ensure seamless incorporation of TCM’s operations into SSH’s existing business structure.

Strategic Rationale and Growth Outlook

The acquisition is consistent with SSH’s stated goal of building a vertically integrated mining services business, offering clients a streamlined solution from labour hire and equipment rental to full-scale production and mining services. The transaction will also enable SSH to explore new project delivery models, including profit-sharing arrangements with clients, and position the group as a partner of choice for mid-tier and emerging miners.

SSH’s Managing Director Daniel Cowley-Cooper stated, “The signing of this term sheet represents another significant step in our strategy to grow our mining services division. The combination of TCM’s operational capabilities with SSH’s existing services will unlock substantial value and create a resilient, scalable business model.”

While the agreement remains subject to due diligence, board approvals, and the finalisation of key employment agreements, SSH and TCM have entered an exclusivity period to finalise the transaction. SSH expects due diligence to be completed within the next four weeks.

This acquisition positions SSH to capitalise on increasing demand for comprehensive mining services, particularly as mining companies seek to optimise costs and fast-track the development of smaller, high-grade projects. Investors will be closely watching for updates as SSH progresses towards completing the transaction and expands its mining services footprint.