Entry into $114m EPC Contract - Nova Nickel Project

Company News

Further to its ASX release of 30 March 2015, GR Engineering Services Limited (ASX:GNG) (GR Engineering or Company) is pleased to announce that it has entered into an engineering, procurement and construction (EPC) contract for the design and construction of the mineral processing and paste fill plant associated with Sirius Resources NL’s (ASX:SIR) (Sirius) Nova Nickel Project (Contract).

Work under the Contract will commence immediately and is scheduled for completion in November 2016. The Contract value is approximately $114 million.

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

“Securing this Contract ranks highly in the Company’s record of achievements to date. The Company is pleased to play an important role in the development of one of the more significant Australian base metal resource developments of recent times. We look forward to working with Sirius and delivering a successful outcome for the Nova Nickel Project.”

Together with work already on hand, this Contract is set to contribute to a positive start to FY16 and provides GR Engineering with reliable revenue visibility into FY17.

To read more about the Nova Nickel Project, click here.