InvestSMART

GR Engineering Services Limited (ASX:GNG)

ALERT: Price-sensitive ASX Announcement for GNG
Current share price for GNG : $6.860 1.84 (36.65%)+
Announcement
Release
20 Jul 2026 8:24AM
Price at Release
$5.020
Full Release
download
Summary
Maritana Minerals Limited has commenced the Early Works phase at the Black Swan Processing Hub, led by GR Engineering Services Limited. This phase involves earthworks, demolition, detailed engineering, and procurement of critical long-lead equipment, aiming to prepare for full construction and de-risk the project's costs and schedule. The target is to advance towards full construction in Q3 CY2026 and produce first gold by H2 CY2027. The project includes significant upgrades to the processing plant, aiming to convert it to a 2.5 million tonnes per annum gold carbon-in-leach operation. The total expenditure committed for this phase is approximately AUD 25 million.
Key Points
  • Early Works have commenced at the Black Swan Processing Hub (BSPH) with GR Engineering Services Limited (GRES) leading the program.
  • The program includes earthworks, demolition, detailed engineering, and procurement of long-lead equipment.
  • The Early Works phase aims to advance engineering and design, secure critical equipment, and prepare for bulk earthworks.
  • The project targets the first gold production from Black Swan Processing Hub in H2 CY2027.
  • Maritana Minerals has engaged GRES due to their experience in similar projects in Western Australia.
  • Zeal Engineering acts as the 'Owner’s Engineer' to oversee the delivery of the Early Works.
  • The project includes refurbishing the SAG mill and converting the processing plant to a 2.5 Mtpa gold CIL operation.
  • Total committed expenditure for the Early Works phase is approximately AUD 25 million.
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.