Heron Awards A$107M EPC Contract for Its Woodlawn Zinc-Copper Project, Australia
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Heron Resources Limited has awarded an engineering, procurement and construction (EPC) contract for its wholly-owned Woodlawn Project to Sedgman, a member of the CIMIC Group.
The EPC contract follows a front-end engineering design (FEED) program that commenced in October 2016 after the completion of the Woodlawn Project feasibility study. The scope of the EPC contract is for a 1.5 million tonne per annum mineral processing plant to enable the processing of both underground and tailings ore to produce zinc, copper and lead concentrates. The design also includes a paste backfill plant and supporting infrastructure at the project site, located near Tarago, 250km southwest of Sydney, New South Wales, Australia.
The EPC contract is in the form of a guaranteed maximum price (GMP) of A$107 million with cost under-run and performance incentives to support an early completion and under budget result.
“This contract award follows the successful undertaking of a FEED program that included a value engineering approach incorporating significant improvements on the earlier feasibility study work. The nature of the contract, which includes guaranteed maximum price and performance incentives, aligning Sedgman and Heron in delivering an under-budget and early result,” said Heron Resources Managing Director and CEO, Wayne Taylor.
“We are very pleased to be working with Sedgman as they have demonstrated their ability to provide a superior solution with technical and commercial advantages, having already delivered a reduction in projected capital expenditure. The execution of this contract represents another important milestone in Heron’s progress to become an important Australian zinc producer,” added Taylor.
To read more details in the company’s press release, CLICK HERE
About Heron Resources Limited
Heron’s primary focus is the development of its 100 percent owned, high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia.
To stop by Heron Resources’ website, CLICK HERE
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