Dacian Gold
(ASX:DCN) has signed an EPC contract for its fully-owned Mt Morgans Gold Project in Western Australia with GR Engineering Services
(ASX:GNG).
The contract requires GR Engineering to engineer, procure and construct a new 2.5 million tonne per annum treatment facility, and certain other supporting infrastructure.
GR Engineering will perform the contract on a guaranteed maximum price of $107.1 million.
Dacian says the total construction cost of the Mt Morgans Gold Project should be $112.3 million, and expects its first gold from the Project in 11 months.
This morning, Dacian shares opened steady at $1.96.
