GOLD
Gold developer Gascoyne Resources has signed a letter of intent (LoI) with engineering firm GR Engineering Services for an engineering, procurement and construction contract for a 2.5-million-tonne-a-year mineral processing plant at the Dalgaranga gold project, in Western Australia. “Signing the LoI is an important step forward for the company as we move towards production. The feasibility study that we completed in November envisaged an engineering, procurement and construction management implementation strategy; however, this would have come at a cost risk,” said Gascoyne MD Mike Dunbar.
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