GR Engineering Services Limited (ASX: GNG) (GR Engineering) is pleased to announce that it has executed engineering, procurement and construction (EPC) contracts with K92 Mining Ltd, a subsidiary of Toronto Stock Exchange (TSX) listed K92 Mining Inc. (TSX: KNT) for a 1.2 Mtpa Process Plant at the Kainantu Gold Mine in Papua New Guinea (PNG).
As announced on 25 July 2023, GR Engineering had previously received a Letter of Intent from K92 Mining Ltd. The contracts’ sum is US$81 million. Site mobilisation is expected to occur in January 2024.
Commenting on the award, Mr Tony Patrizi, Managing Director said:
“GR Engineering has a long track record of successful project delivery in the mineral processing sector. We see this contract award as a strong endorsement by K92 Mining Inc. of GR Engineering’s proven process design record and EPC delivery capability.”
Ends.
ASX Release
About GR Engineering
GR Engineering specialises in providing fixed price engineering design and construction services to the global resources and mineral processing industries. GR Engineering has a proven track record of delivering integrated project solutions in over 20 countries across all major commodity types. As a group, GR Engineering employs more than 500 professional, technical and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.
GR Engineering Services Limited is listed on the Australian Securities Exchange (ASX: GNG).
For further information please contact:
Tony Patrizi
Managing Director
+61 8 6272 6000
tony.patrizi@gres.com.au
Omesh Motiwalla
CFO & Company Secretary
+61 8 6272 6000
omesh.motiwalla@gres.com.au
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