Preferred Contractor - Sulphur Springs Project

• GR Engineering Services Ltd appointed as preferred contractor
• Contract value estimated at A$295 million
• Project located 144 km southeast of Port Hedland
• Early works agreement already in place

GR Engineering Services Limited (ASX: GNG) has been appointed as the preferred contractor by Venturex Sulphur Springs Pty Ltd, a subsidiary of Develop Global Limited (ASX: DVP), for the engineering, procurement, and construction (EPC) of the 1.5 Mtpa Sulphur Springs Copper-Silver-Zinc Project located 144 km southeast of Port Hedland in Western Australia. The contract involves the design, procurement, construction, installation, and commissioning of the project. An early works agreement has been executed, and long lead items and engineering works have commenced. The contract is expected to be executed shortly.