Contract Execution - Andy Well Processing Plant

Company News

GR ENGINEERING AND ANDY WELL MINING PTY LTD  EXECUTE $30.3 MILLION EPC CONTRACT

GR Engineering Services Limited (ASX:GNG) (GR Engineering or Company) is pleased to advise that it has signed an EPC contract with Andy Well Mining Pty Ltd, a wholly owned subsidiary of Doray Minerals Limited (ASX:DRM) (Doray), for the engineering, procurement and construction of the processing plant for Doray’s Andy Well Gold Project in Meekatharra, Western Australia.

The contract price is $30.3 million, with the majority of this revenue expected to fall into the 2013 financial year.

Joe Ricciardo, the Managing Director of GR Engineering, said:

"Following our appointment as preferred contractor in July 2012, it is pleasing to have now formalised our contractual arrangements with Doray. Work on the Andy Well Gold Project is already underway and is proceeding on time and on budget.

GR Engineering was selected to design and construct the Andy Well Gold Project processing plant after working with Doray on the bankable feasibility study for the project. This contract award is a further endorsement of GR Engineering’s ability to assist clients from project inception through to project execution and delivery."

Ends.

Category: Company News