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Genesis Minerals Limited (ASX:GMD)

ALERT: Price-sensitive ASX Announcement for GMD
Current share price for GMD : $7.055 0.185 (2.69%)+
Announcement
Release
23 Feb 2026 9:36AM
Price at Release
$6.870
Full Release
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Summary
GR Engineering Services Limited has been appointed as the preferred contractor by Genesis Minerals Limited for the engineering, procurement, and construction of the Tower Hill Gold Project located near Leonora in Western Australia. The project involves the design, procurement, construction, installation, and commissioning of a 4 Mtpa gold processing facility. The estimated contract value is $225 million, with $20 million allocated for critical path long lead items. The finalization of the EPC contract is anticipated by March 2026. This appointment underscores GR Engineering's expertise in gold sector projects within Western Australia.
Key Points
  • GR Engineering Services Limited appointed as preferred contractor for Tower Hill Gold Project.
  • The project is located near Leonora in Western Australia.
  • The scope includes the design, procurement, construction, installation, and commissioning of a 4 Mtpa gold processing facility.
  • Estimated contract value is $225 million.
  • Approximately $20 million will be spent on critical path long lead items.
  • EPC contract to be finalized by March 2026.
  • The project is part of Genesis Minerals Limited's growth strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.