Key points
- Ramelius Resources Expansion Project awarded to Primero Group
- Total contract value for Mt Magnet Expansion Project is circa $313m
- Optional Works for Tonkin Highway Grade Separations awarded, increasing total contract value to approx. $300m
- Project strengthens Primero's EPC contractor position in the Australian resources sector
Full summary
NRW Holdings Limited (ASX: NWH) announced significant contract awards for its subsidiaries. Primero Group secured the Ramelius Resources Ltd Mount Magnet Expansion Project, valued at approximately $313 million, which involves upgrading processing infrastructure to support ore integration and production hub expansion. This project strengthens Primero's position as a leading engineering, procurement, and construction contractor. Additionally, NRW Contracting Pty Ltd was awarded the Optional Works for the Tonkin Highway Grade Separations project by Main Roads Western Australia, increasing the total contract value to approximately $300 million.
Guidance
NRW Holdings expects significant revenue from the awarded projects, enhancing its position in the resources sector.
Outlook
The company anticipates continued growth and strengthened market position due to the successful delivery of these large-scale projects.