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  • Syrah Resources (SYR) awards Worley Group (WOR) a services contract for its active anode material facility in Vidalia, USA
  • The contract for the initial expansion of the production capacity at the facility will see Worley undertake detailed engineering and procurement for the planned 10,000-tonnes-per-annum active anode material facility at Vidalia
  • The company says it intends to award further contracts for construction management in the second half of 2021, before making a final investment decision for the expanded facility at Vidalia
  • Syrah Resources last traded at $1.02 on June 28

Syrah Resources (SYR) has awarded Worley Group (WOR) a services contract for its active anode material facility in Vidalia, USA.

The detailed engineering and procurement contract is for the initial expansion of the production capacity at the facility. Working with the Syrah project team, Worley will undertake detailed engineering and procurement for the planned 10,000-tonnes-per-annum (ktpa) active anode material (AAM) facility at Vidalia.

Syrah has a history of working closely with Worley, including collaborating on a bankable feasibility study, front-end engineering and design, and interim detailed engineering for Vidalia’s expansion.

“We are delighted to execute this services contract and to continue our successful technical partnership with Worley through to the next important project phases at Vidalia,” Syrah Managing Director and CEO Shaun Verner said.

 “The finalisation of this contract, and the substantial engineering work completed to date with Worley, has de-risked the project and is a key step in advancing towards construction of the 10ktpa AAM facility at Vidalia.”

Syrah says it is continuing to progress its contracting strategy for the facility’s construction, and is focused on optimising construction management and costs, minimising delay to the project schedule, and the fair allocation of risks to construction contractors.

The company says it plans to award further contracts for construction management before making a final investment decision for the expanded facility at Vidalia. This is planned during the second half of 2021, subject to end customer commitments and financial partnerships.

Syrah Resources last traded at $1.02 on June 28.

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