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GR Engineering Services Limited (ASX:GNG)

ALERT: Price-sensitive ASX Announcement for GNG
Current share price for GNG : $6.310 1.1 (21.11%)+
Announcement
Release
26 May 2026 9:35AM
Price at Release
$5.210
Full Release
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Summary
GR Engineering Services Limited (ASX: GNG) has announced the execution of an engineering, procurement, and construction (EPC) contract with Sorby Management Pty Ltd, a subsidiary of Boab Metals Limited (ASX: BML), for the Sorby Hills Silver-Lead Project in Western Australia. The contract, valued at $109 million, involves the relocation and refurbishment of the DeGrussa processing facility to Sorby Hills. Early engineering works and procurement of long lead items have begun, with construction teams set to mobilize shortly. GR Engineering's Managing Director, Tony Patrizi, expressed satisfaction in continuing their involvement in this significant project, highlighting GR Engineering's reliable track record in the Australian minerals sector.
Key Points
  • GR Engineering Services Limited signs EPC contract with Sorby Management Pty Ltd.
  • The contract is for the Sorby Hills Silver-Lead Project, located near Kununurra, WA.
  • The project involves relocating and refurbishing the DeGrussa processing facility.
  • The contract value is $109 million.
  • Early engineering works and procurement have commenced.
  • Construction teams will mobilize in the coming weeks.
  • GR Engineering emphasizes its strong record of project success in 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.