GNG:EPC Contract -Cosmic Boy Concentrator Conversion Project

Key points

• GR Engineering awarded $50M EPC contract by Medallion Metals
• Project involves converting Cosmic Boy Concentrator to standalone facility
• GR Engineering to design, procure, construct, and commission the project

Full summary

GR Engineering Services Limited (ASX:GNG) has executed an engineering, procurement, and construction (EPC) contract with Myamba Minerals Pty Ltd, a wholly owned subsidiary of Medallion Metals Limited (ASX:MM8). The contract involves converting the existing Cosmic Boy Concentrator facility into a standalone facility that produces copper concentrate and gold doré. The total contract sum is $50 million. GR Engineering has already initiated early engineering works and ordered long lead items. Tony Patrizi, Managing Director of GR Engineering, expressed enthusiasm for the project, highlighting the company's history with the site and its commitment to successful delivery.

Guidance

GR Engineering awarded $50M EPC contract by Medallion Metals

Outlook

GR Engineering expects to safely and successfully deliver the project in collaboration with the Medallion team.