RBR Group (ASX:RBR) has disclosed that its 50%-owned subsidiary Projectos Dinâmicos (PD) has been awarded a Stage 1 camp contract at the ExxonMobil Rovuma LNG project in Mozambique, representing PD's share of approximately US$2 million from a joint award of approximately US$7 million, with delivery due in late January 2027.

Key Points

  • PD's share of the Rovuma LNG Stage 1 contract is approximately US$2 million, part of a joint award totalling approximately US$7 million with the Bonatti/Mota-Engil consortium.
  • The contract covers 32 accommodation and ablutions modules for 100-plus people, constituting Stage 1 of a approximately 700-person camp.
  • Works are scheduled to commence from early November 2026, with delivery due in late January 2027.
  • RBR is conducting a placement to raise A$600,000 at A$0.018 per share, cornerstoned by Grounded Group (Paul Natoli).
  • A$1.0 million of A$1.25 million convertible notes has been extended by 12 months, with the remaining A$250,000 partially repaid, partially settled in shares, and partially extended by six months.

Rovuma LNG Stage 1 Camp Contract Details

According to the company's investor presentation filed in November 2026, PD was awarded the Stage 1 contract through the ExxonMobil Rovuma LNG project via the Bonatti/Mota-Engil consortium. The scope covers 32 modules comprising accommodation and ablutions facilities for more than 100 people, forming Stage 1 of a camp designed for approximately 700 persons. PD is 50% owned by RBR. The filing states that delivery within scope, on time and on budget "will greatly enhance the likelihood of further work." RBR's total tender book, including Stage 1, is disclosed as approximately US$180 million, with no certainty of further award.

Convertible Notes Extension and Placement to Raise A$600,000

The filing discloses that A$1.0 million of A$1.25 million in convertible notes has been extended by 12 months. Of the remaining A$250,000, A$50,000 was repaid, A$25,000 was settled in shares, and A$175,000 was extended by six months. Separately, RBR is conducting a placement to raise A$600,000 at A$0.018 per share, cornerstoned by Perth-based Grounded Group, founded by Paul Natoli. Grounded Group has been a major RBR shareholder since November 2024, according to the filing.

Board Refresh and AGM Scheduled for 27 November 2026

The filing states that parties aligned with Grounded Group have nominated one board candidate, identified as L. Ziatas (Laurie Ziatas), subject to shareholder approval at RBR's Annual General Meeting scheduled for 27 November 2026. The filing notes the board is being restructured and that Grounded will provide Australian corporate support and assist in adding Australian opportunities to the pipeline. Grounded Group is described as a Perth-based business founded in 2013 that builds remote mining villages, site infrastructure and commercial assets, primarily in Western Australia's Pilbara region, with A$90 million revenue on order.