Brightstar Resources Awards GR Engineering $110M Laverton Processing Plant EPC Contract

GR Engineering Locks In $110 Million EPC Contract for Brightstar's Laverton Gold Project

GR Engineering Services (ASX: GNG) has secured a significant new contract win, executing a formal $110 million engineering, procurement and construction (EPC) agreement with Brightstar Resources (ASX: BTR) for the Brightstar Resources Laverton Processing Plant EPC contract with GR Engineering in Western Australia. The contract formalises an arrangement that had been progressing since 17 February 2026, when GR Engineering was appointed as Preferred Contractor, with early works and long lead item procurement already underway at the time of that announcement.

The project is a 1.5 million tonnes per annum (Mtpa) gold processing facility, adding meaningful weight to GR Engineering's contracted pipeline as the company builds toward FY27 and FY28.

A $110 Million Vote of Confidence in GR Engineering's EPC Capabilities

The Laverton Processing Plant contract is a material addition to GR Engineering's order book. At $110 million, it reflects both the scale of Brightstar's gold processing ambitions and the trust placed in GR Engineering as the contractor of choice for complex minerals processing infrastructure in Australia.

Key contract details at a glance:

Importantly, this is not a contract awarded from a standing start. Early works and the ordering of long lead items had already commenced prior to formal contract execution, meaning the project carries genuine momentum and reduces the risk of delays that can sometimes affect new project starts.

Managing Director Tony Patrizi commented:

"GR Engineering is pleased to be working with the Brightstar team on this 1.5 Mtpa gold project. This project further enhances GR Engineering's reputation as the leading minerals processing EPC contractor in Australia. GR Engineering continues to build its contracted pipeline of work in FY27 and FY28."

What Is an EPC Contract and Why Does It Matter for Investors?

EPC (Engineering, Procurement and Construction) contracts are a form of fixed-scope delivery agreement where a contractor takes on full responsibility for designing, sourcing materials, and physically building a facility — all under a single contract with the client.

For investors, EPC contracts carry several important characteristics worth understanding:

• Revenue visibility: The contract sum of $110 million provides clear, quantifiable revenue that flows through GR Engineering's books as work is completed, typically recognised progressively over the life of the project.
• Scope certainty: Unlike open-ended consulting or services arrangements, EPC contracts define the full scope upfront, which allows for more predictable project management and margin planning.
• Reputation signal: Being appointed as an EPC contractor for a significant gold processing facility reflects client confidence in the contractor's technical capability, project delivery track record, and financial standing.
• Pipeline building: Each completed EPC project strengthens a contractor's reference list, which is critical for winning future work in a competitive market.

For GR Engineering specifically, the EPC model is central to its business — and contract wins of this scale directly translate to future revenue and earnings.

How Does the EPC Delivery Model Work?

The EPC delivery model differs from other contracting arrangements in that it places responsibility for design, procurement, and construction under one roof. This approach reduces coordination risk for the client while providing the contractor with greater control over project delivery outcomes.

For gold processing facilities, EPC contractors must demonstrate competency in metallurgical design, processing equipment selection, and construction management — all of which require specialised expertise in the minerals processing sector.

Strengthening the FY27 and FY28 Contracted Pipeline

One of the more strategically significant aspects of this announcement is the explicit reference by Managing Director Tony Patrizi to FY27 and FY28 pipeline building. This signals that the Laverton project is expected to contribute to GR Engineering's revenue over multiple financial years, which is consistent with the typical construction timeline for a processing facility of this scale.

For investors, this means:

1. Revenue spread across multiple periods — a $110 million contract is unlikely to be recognised entirely in one financial year, providing sustained contribution to GR Engineering's top line.
2. Backlog growth — the award adds to GR Engineering's contracted work-in-hand, a key metric analysts and investors use to assess near-term earnings visibility for engineering contractors.
3. Forward momentum — the company's commentary around continuing to build its FY27 and FY28 pipeline suggests this contract is part of a broader pattern of business development activity, rather than an isolated win.

The phased recognition of EPC revenue means that investors can expect to see the financial impact of this contract flow through GR Engineering's financial statements as construction milestones are achieved. This typically includes initial design and engineering phases, followed by procurement activities, and finally construction and commissioning phases.

GR Engineering's Position in Australia's Gold Processing Sector

GR Engineering has established itself as a recognised name in minerals processing EPC delivery in Australia. Furthermore, the Brightstar Resources Laverton Processing Plant EPC contract with GR Engineering adds to this track record, with the company explicitly positioning itself as "the leading minerals processing EPC contractor in Australia" — a claim underpinned by its ongoing contract activity and project delivery history.

The gold processing sector in Western Australia remains active, with a number of mid-tier and emerging gold producers advancing processing infrastructure to unlock ore reserves. GR Engineering's ability to secure a contract of this size with Brightstar Resources reflects its competitive positioning in this space.

Key strengths reinforced by this announcement:

• Demonstrated ability to win large-scale EPC contracts with ASX-listed mining clients
• Early engagement model (Preferred Contractor to early works to formal EPC) reduces project risk and strengthens client relationships
• Active pipeline development targeting FY27 and FY28, providing earnings visibility beyond the current financial year

The Western Australian gold sector provides a consistent source of processing infrastructure opportunities. As gold producers look to expand existing operations or develop new projects, the need for reliable EPC contractors with proven track records becomes critical. Consequently, GR Engineering's established presence in this market positions it to compete for additional opportunities as the sector evolves.

Understanding the Preferred Contractor Model

The progression from Preferred Contractor to formal EPC contract execution demonstrates a structured approach to project development that benefits both parties. When GR Engineering was appointed as Preferred Contractor on 17 February 2026, this designation provided the company with early engagement in project planning whilst allowing Brightstar Resources to advance critical activities before formal contract execution.

What Are the Advantages of This Approach?

This model offers several notable advantages:

• Risk mitigation: Early engagement allows for identification and resolution of potential project challenges before they become costly issues
• Timeline optimisation: Commencement of long lead item procurement reduces overall project delivery time
• Cost certainty: Extended engagement period allows for more accurate cost estimation and pricing
• Relationship building: A working relationship developed prior to formal contract execution strengthens collaboration throughout the project

The fact that early works and long lead item ordering had already commenced prior to the formal contract execution on 26 May 2026 indicates that both parties were highly confident in progressing to a formal agreement.

Why Investors Should Keep GR Engineering on Their Radar

The Brightstar Resources Laverton Processing Plant EPC contract with GR Engineering is a tangible, high-value demonstration of the company's core business in action. For investors evaluating GR Engineering, several factors make this announcement worth noting:

• Contract scale: At $110 million, this is a material contract that adds directly to GR Engineering's revenue backlog
• Execution already underway: With early works and long lead item procurement commenced prior to formal signing, the project is not a future aspiration — it is an active, progressing engagement
• Pipeline narrative: Management's forward-looking commentary on FY27 and FY28 suggests confidence in continued business development activity
• Sector tailwinds: Gold processing infrastructure investment in Western Australia continues to be supported by active gold producers looking to expand or establish processing capacity

The minerals processing EPC sector requires contractors with demonstrated technical capability, financial strength, and project delivery experience. In addition, GR Engineering's ability to secure contracts of this magnitude with established mining companies reinforces its position in this competitive market.

Key Takeaway:

GR Engineering Services has positioned itself as a leading minerals processing EPC contractor in Australia, with the $110 million Laverton Processing Plant contract adding meaningful, multi-year revenue visibility to its backlog. With work already underway and management actively building the FY27 and FY28 contracted pipeline, GR Engineering is a company that investors with an interest in mining services and infrastructure delivery should continue to monitor closely.

Glossary of Key Terms

• EPC Contract: Engineering, Procurement and Construction — a contract type where a single contractor takes full responsibility for design, material sourcing, and construction of a facility.
• Mtpa: Million tonnes per annum — a measure of processing or production capacity over a year.
• Long Lead Items: Equipment or materials that require extended manufacturing or delivery times and must be ordered well in advance to avoid project delays.
• Contracted Pipeline: The total value of work formally committed to a contractor through signed agreements, used as a forward indicator of revenue.
• Work-in-Hand / Backlog: The value of contracted work yet to be completed and recognised as revenue — a key metric for engineering and construction companies.
• Preferred Contractor: A designation awarded prior to formal contract execution, signalling a client's intention to appoint a specific contractor subject to final agreement on terms.

Ready to Learn More About Brightstar Resources' Laverton Gold Project?

Brightstar Resources (ASX: BTR) is advancing a significant 1.5 million tonne per annum gold processing facility in Western Australia, backed by a formally executed $110 million EPC contract with one of Australia's leading minerals processing contractors. With construction activity already underway and a clear development pathway in place, investors looking to understand the full scope of Brightstar's Laverton project and its broader growth strategy can explore the details directly at brightstarresources.com.au.