GNG.ASX: EPC Contract - King of the Hills Operations Stage 1 Upgrade

EPC Contract - King of the Hills Operations Stage 1 Upgrade

Stock	GR Engineering Services Ltd (GNG.ASX)
Release Time	28 Jan 2025, 9:37 a.m.
Price Sensitive	Yes

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GR Engineering Awarded $75.1M EPC Contract for King of the Hills Upgrade

Key Points

Awarded EPC contract for Stage 1 Upgrade of King of the Hills Operations
Contract value of $75.1 million including provisional sums
Project scope includes design, procurement, construction, installation and commissioning of dry and wet processing plant upgrades

Full Summary

GR Engineering Services Limited (ASX:GNG) has announced that it has been awarded an engineering, procurement and construction (EPC) contract with Greenstone Resources (WA) Pty Ltd, a wholly owned subsidiary of Vault Minerals Limited (ASX:VAU), for the Stage 1 Upgrade of the King of the Hills Operations. The Project is located approximately 900km north east of Perth and 25km north of Leonora within the Goldfields Region of Western Australia. The contract value is $75.1 million including provisional sums. The Project scope comprises the design, procurement, construction, installation and commissioning of the upgrade to the King of the Hills dry processing plant and the wet processing plant. Work will commence immediately. GR Engineering's Managing Director, Mr Tony Patrizi, commented that the company is pleased to be engaged by Vault to play an important role in upgrading their King of the Hills processing facility, and that GR Engineering has been able to demonstrate its proven track record of successfully delivering project outcomes in the Western Australian gold sector.