trending Market Intelligence /marketintelligence/en/news-insights/trending/iV81rcuwKAKubDeHYRMihw2 content esgSubNav
In This List

Gascoyne Resources secures power agreement for Dalgaranga gold project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Gascoyne Resources secures power agreement for Dalgaranga gold project

Gascoyne Resources Ltd. executed a power purchase agreement with Zenith Energy Ltd. to build, own and operate a 15-MW gas-fired power station for the company's preproduction-stage Dalgaranga gold property in Western Australia.

Gascoyne said Dec. 8 that its GNT Resources Pty. Ltd. unit agreed with Zenith subsidiary Zenith Pacific (DGA) Pty. Ltd. to construct the power station, which will use LNG-fueled generators.

GNT Resources has an option to extend the six-year agreement by four years.

"The choice of gas fueled generators considerably de-risks the project as it reduces input costs and substantially lowers our exposure to any future escalation in the diesel price for power generation," Gascoyne Managing Director Mike Dunbar said.