GR Engineering Services (ASX:GNG) won an engineering, procurement, and construction contract worth AU$75.1 million from Greenstone Resources, a unit of Vault Minerals (ASX:VAU), for the stage 1 upgrade of Greenstone's King of the Hill operations in Western Australia, according to a Tuesday filing with the Australian bourse.
The scope of the contract includes the design, procurement, construction, installation, and commissioning of upgrades to the site's dry and wet processing plants, the filing said.
GR Engineering will start work immediately on the project, the filing added.
Shares of the company fell past 1% in recent Tuesday trade, while shares of Vault Minerals were down nearly 4%.
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