Turnkey basis
EPC contract in place for ore processing plant significantly de-risks project execution
• Engineering, Procurement and Construction (“EPC”) contract in place with GR Engineering Services Limited (“GRES”) to deliver the process plant and associated infrastructure on a turnkey basis
• De-risked project delivery with lump sum, fixed price contract (A$366m) which covers approximately 80% of estimated Stage 1 total development capital costs
• GRES to assume substantial performance and metallurgical guarantees
• Construction ready with completion of 100% of process design, site and plant layouts, general arrangements, earthworks and structural design (includes mechanical and electrical equipment specifications, vendor pricing confirmation, procurement plan and detailed project execution plans)
• Peer review of all design and engineering completed to date• Next steps involve site mobilisation and procurement
Turnkey basisEPC contract in place for ore processing plant...
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| Last updated 12.25pm 20/05/2024 ? | |||||
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