Ausenco Limited (ASX: AAX) and its strategic alliance partner, Duro Felguera S.A. (DF) (BMAD: MDF), have executed a Memorandum of Understanding (MOU) with Atlantic Gold Corporation to deliver the Moose River Consolidated gold project (the “Project”) in Nova Scotia, Canada on an Engineering, Procurement and Construction (EPC) basis.

Part of the MOU involves Ausenco-DF undertaking initial detailed engineering on the Project and seeking fixed prices for a significant portion of the capital expenditure estimate of CAD137 million (outlined in Atlantic Gold’s Feasibility Study*).

Ausenco CEO Zimi Meka said the company had a strong understanding of the project, having worked on it for the past six years.

“We are looking forward to working with our client on this high quality gold project and delivering it with our alliance partner DF,” he said.

“Given the extent of our long history in the gold sector, we are confident we can add value to the project and manage the risks accordingly.

“Ausenco has secured a number of EPC and EPCM projects in the second half of the year. Additionally, we’ve seen an increase in client enquiries for gold and copper projects in the Americas and Africa, which are presenting future growth opportunities for our broader group.”