GREENTECH INTL (00195): The tailings concentrator FEED package is awarded to GR Engineering Services Limited.

GREENTECH INTL (00195) announced that the Board of Directors hereby provides the latest information on the Renison Tailings Retreatment Project of the Renison Tin Operations. The company holds a 50% interest in the project through YT Parksong Australia Holding Pty Limited ("YTPAH"), an indirect non-wholly owned subsidiary of the Group. Renison is managed by Bluestone Mines Tasmania Joint Venture Pty Ltd ("BMTJV"). Metals X Limited ("Metals X"), a limited company registered in Australia with shares listed on the Australian Securities Exchange, owns the other 50% stake in Renison through its ownership of 50% of BMTJV. This latest information is based on information provided by Metals X. BMTJV is currently reviewing and updating the previously completed feasibility study and progressing environmental approvals to facilitate investment decisions on tailings retreatment. BMTJV has awarded the front-end engineering and design ("FEED") package for the tailings retreatment plant to GR Engineering Services Limited. The scope of work includes the front-end engineering and design of a new tailings retreatment facility with an annual processing capacity of 2.4 million tonnes and providing a fixed lump sum price quotation for the construction phase of the project. The FEED package for the plant is expected to be completed in the third quarter of 2026, with BMTJV expected to make a final investment decision by the end of 2026.