Ora Banda Mining Limited (ASX:OBM) has awarded an engineering, procurement and construction (EPC) contract to GR Engineering Services Limited (ASX:GNG) in relation with the recommencement of the current Davyhurst Gold Processing Plant located in Western Australia.
The price of the contract is $10.8 million, and the scope of works include the refurbishment, optimisation and recommissioning of the existing 1.2 Mtpa Davyhurst Gold Processing Plant, borefields as well as associated infrastructure.
Work is planned to commence immediately and is anticipated to be completed in the first quarter of CY 2021.
OBM stock was noted at $0.270 with a market capitalisation of $ 201.35 million.
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