Caravel Minerals (ASX:CVV) awarded an engineering, procurement, and construction management (EPCM) contract to Primero Group, a wholly-owned subsidiary of NRW Holdings (ASX: NWH), for the Caravel copper project in Western Australia, according to a Thursday Australian bourse filing.
The EPCM study is scheduled to start on Sept. 1 and is expected to be completed by the January quarter of 2026, the filing said. It will include engineering design, cost estimating, constructability assessments, and execution planning/scheduling for the overall project scope.
Financial terms were not disclosed.
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