Allmine Group scores $4.6m engineering contract for gold project in Mongolia
Allmine Group (ASX: AZG) subsidiary Arccon has entered into a contract valued at $A4.6 million with QGX Golden Hills to provide engineering, design and procurement services for the Golden Hills gold heap leach project in northwestern Mongolia.
With interest in Mongolia’s resources fast increasing, this contract could herald a bigger move into the mining hot spot for Allmine.
Based in Hong Kong, privately owned QGX is involved in the acquisition, exploration and development of resource properties in Mongolia.
Completion of the scope of the contract services is expected to occur within 12 months.
The contract win follows a non-binding agreement struck by an Allmine subsidiary, with Ironbark Zinc (ASX:IBG) in early September. This would provide engineering and construction services for the development of the Ironbark's Citronen Zinc Project in Greenland.
With interest in Mongolia’s resources fast increasing, this contract could herald a bigger move into the mining hot spot for Allmine.
Based in Hong Kong, privately owned QGX is involved in the acquisition, exploration and development of resource properties in Mongolia.
Completion of the scope of the contract services is expected to occur within 12 months.
The contract win follows a non-binding agreement struck by an Allmine subsidiary, with Ironbark Zinc (ASX:IBG) in early September. This would provide engineering and construction services for the development of the Ironbark's Citronen Zinc Project in Greenland.
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