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GR Engineering Services Limited (ASX:GNG)

ALERT: Price-sensitive ASX Announcement for GNG
Current share price for GNG : $6.760 2.11 (45.38%)+
Announcement
Release
23 Feb 2026 9:36AM
Price at Release
$4.650
Full Release
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Summary
GR Engineering Services Limited has been selected by Genesis Minerals Limited as the preferred contractor for the Tower Hill Gold Project near Leonora, Western Australia. The project encompasses the engineering, procurement, and construction of a 4 million tonnes per annum gold processing facility. The contract, valued at approximately $225 million, includes the immediate ordering of $20 million worth of critical path long-lead items, with finalization expected by March 2026.
Key Points
  • GR Engineering Services Limited appointed as preferred contractor for Tower Hill Gold Project.
  • Project to be executed in partnership with Genesis Minerals Limited.
  • Scope includes design, procurement, construction, installation, and commissioning of a ~4 Mtpa gold processing facility.
  • Estimated contract value is $225 million with $20 million for long-lead items.
  • EPC contract expected to finalize by March 2026.
  • Project located near Leonora, Western Australia.
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.