EVZ Limited announces major contract win in mining and industrial sector

EVZ Limited (ASX: $EVZ) has secured a major contract in the mining and industrial sector through its subsidiary, Brockman Engineering. The contract, valued at approximately $23M, involves the design and procurement of bulk process water tanks for the seawater desalination project at Parker Point, Dampier, awarded by Rio Tinto.

Executive Commentary

This contract win is a significant achievement for EVZ Limited and underscores our commitment to delivering innovative engineering solutions in the mining and industrial sector. We are excited to commence the design and procurement activities and look forward to the successful completion of the project, which is expected to contribute to our revenue and earnings in the coming financial years.

Summary of Contract Win and Outlook

EVZ Limited, through its subsidiary Brockman Engineering, has been awarded a substantial contract valued at approximately $23M for the design and procurement of bulk process water tanks for the seawater desalination project at Parker Point, Dampier. The project is anticipated to commence immediately with a planned mobilisation to site in December 2024 and expected completion in the last quarter of 2025. This contract is expected to contribute to EVZ Limited's revenue and earnings in FY25 and FY26, aligning with the company's strategy of diversifying its project portfolio across the Energy & Resources sectors.