GR Engineering Secures $75.1M Contract for King of the Hills Processing Upgrade

Contract Win Strengthens GR Engineering’s Mining Services Portfolio

GR Engineering Services Limited (ASX:GNG) has announced a significant contract award that underscores its growing influence in Western Australia's mining engineering sector. The company will undertake an engineering, procurement, and construction (EPC) project valued at $75.1 million to upgrade the King of the Hills Operations, located near Leonora in the Goldfields region.

The contract, awarded by Greenstone Resources (WA) Pty Ltd, a wholly owned subsidiary of Vault Minerals Limited (ASX:VAU), covers a comprehensive scope including the design, procurement, construction, installation, and commissioning of upgrades to both the dry and wet processing plants at the site. This upgrade is positioned as Stage 1 of the broader operational enhancement at King of the Hills.

Strategic Importance of the King of the Hills Upgrade

Situated approximately 900 kilometres northeast of Perth, the King of the Hills project is a key asset within Vault Minerals’ portfolio, and its upgrade is critical to improving processing efficiency and potentially increasing throughput. GR Engineering’s involvement signals confidence from Vault Minerals in the company’s ability to deliver complex projects on time and within budget, leveraging its proven track record in the Western Australian gold sector.

Managing Director Tony Patrizi highlighted the importance of reliability and performance in securing the contract, noting that clients are increasingly prioritising certainty in project delivery. GR Engineering’s demonstrated expertise and past successes in similar projects appear to have been decisive factors in Vault’s selection process.

Implications for GR Engineering and the Sector

This contract win not only adds a substantial revenue stream for GR Engineering but also reinforces its positioning as a preferred EPC contractor in the mining services space. The immediate commencement of work suggests a tight schedule and a strong commitment to advancing the King of the Hills upgrade swiftly.

While the announcement does not specify a completion timeline, the scale and scope of the project imply a multi-phase execution that will likely influence GR Engineering’s operational focus and financial performance over the coming quarters. Investors and analysts will be watching closely for updates on project milestones and any potential impacts on Vault Minerals’ production capabilities.

Overall, this contract award is a positive signal for GR Engineering’s growth trajectory and the ongoing demand for specialised engineering services in Australia’s resource sector.