GMD.ASX: Preferred Contractor - Tower Hill Project

Preferred Contractor - Tower Hill Project

Stock	Genesis Minerals Ltd (GMD.ASX)
Release Time	23 Feb 2026, 9:36 a.m.
Price Sensitive	Yes

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GR Engineering Services Appointed Preferred Contractor for Tower Hill Gold Project

Key Points

GR Engineering Services appointed as preferred contractor for the engineering, procurement and construction (EPC) contract for the Tower Hill Gold Project
Scope of work includes design, procurement, construction, installation and commissioning of a ~4 Mtpa gold processing facility
Estimated contract value of $225 million, with $20 million of critical path long lead items to be ordered imminently

Full Summary

GR Engineering Services Limited (ASX: GNG) has been appointed as the preferred contractor by Genesis Minerals Limited (ASX: GMD) in relation to the engineering, procurement and construction (EPC) contract for the Tower Hill Gold Project located near Leonora in Western Australia. The scope of work comprises the design, procurement, construction, installation and commissioning of a ~4 Mtpa gold processing facility. The estimated contract value is $225 million, and approximately $20 million of critical path long lead items will be ordered imminently. The EPC contract is expected to be finalised by March 2026. GR Engineering's Managing Director, Mr. Tony Patrizi, commented that the appointment is a strong endorsement of the company's proven process design record and EPC delivery capability in the gold sector in Western Australia, and they look forward to working with the Genesis team on the successful and safe delivery of this important project as part of their growth strategy.

Guidance

The EPC contract for the Tower Hill Gold Project is estimated to be valued at $225 million.