GNG.ASX: EPC Contract - Eloise Copper Expansion Project

EPC Contract - Eloise Copper Expansion Project

Stock	GR Engineering Services Ltd (GNG.ASX)
Release Time	20 Jun 2025, 9:54 a.m.
Price Sensitive	Yes

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GR Engineering Awarded $77.6M EPC Contract for Eloise Copper Expansion

Key Points

GR Engineering awarded EPC contract by AIC Copper Pty Ltd
Contract value of $77.6 million including provisional sums
Project scope includes design, procurement, construction, and commissioning of processing plant upgrades

Full Summary

GR Engineering Services Limited (ASX:GNG) has been awarded an engineering, procurement and construction (EPC) contract by AIC Copper Pty Ltd, a wholly owned subsidiary of AIC Mines Limited (ASX:A1M), for the expansion of the existing Eloise copper processing facility in northern Queensland. The contract value is $77.6 million including provisional sums. The Project scope comprises the design, procurement, construction, installation and commissioning of an upgrade to the existing processing plant, which includes a new crushing and screening plant, a new grinding and classification circuit and a new rougher flotation circuit. The contract is conditional upon customary conditions precedent being satisfied, following which works will commence. GR Engineering has a strong track record of successful project delivery in Australia in the base and precious metals sector, including in northern Queensland, and looks forward to working with the AIC Mines team on the Project as it expands its existing processing facility.