Appointment of Study Manager for the Mulga Rock Definitive Feasibility Study

Company News

Vimy Resources Limited (ASX:VMY) (Vimy) is pleased to announce the appointment of GR Engineering Services Limited (ASX:GNG) (GR Engineering) as study manager for the Mulga Rock Definitive Feasibility Study (DFS).

The appointment of GR Engineering is another important milestone in the future development of the Mulga Rock Project. The DFS will build on the excellent outcomes achieved in the Pre-feasibility Study, released in November 2015.

Since the completion of the Pre-feasibility Study, Vimy has completed several phases of work which will provide input into the DFS, including:

  • Completion of the first of two test pits at the Mulga Rock Project
  • Collection of 25t of ore sample from the first of two pits
  • Completion of a significant in-fill drilling program
  • Commencement of a metallurgical pilot plant.

A full description of these work programs was provided to the ASX on 25 February 2016.

Vimy’s CEO, Mike Young, commented:

“We are very pleased to have attracted a study manager of GR Engineering’s quality to join the Vimy team in the development of the Mulga Rock Project. GR Engineering has recently delivered a number of significant projects in Western Australia and overseas across a diverse range of commodities.”

“We received a number of very high calibre proposals for the project study lead, highlighting the significant opportunity that the current mining downturn presents to Vimy to attract the very best in class. We are very pleased that a high quality Western Australian project is being progressed by a trusted and credible Western Australian engineering and consulting firm.”

GR Engineering’s Managing Director, Geoff Jones, commented:

“We look forward to working with Vimy on the delivery of the Mulga Rock Project DFS. We consider Mulga Rock to be a high quality asset, managed by a team with a proven track record in the successful delivery of greenfields development projects.”

Category: Company News