GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that it has entered into a contract with Saracen Gold Mines Pty Limited (Saracen), a wholly owned subsidiary of Saracen Mineral Holdings Limited (ASX:SAR) for the engineering design, procurement and construction of expansion works on the mineral processing plant at the Carosue Dam gold operations, situated approximately 120km north east of Kalgoorlie in Western Australia.
The works under the contract include the upgrade of the existing processing plant capacity to a nominal throughput of 3.2Mtpa by the installation of secondary grinding equipment, in addition to upgrades to the existing CIL circuit and other process infrastructure.
The contract price is $24.5 million. Work under the contract will start immediately with the completion of the upgrade expected to occur in the first half of FY21.
Commenting on the award, GR Engineering's Managing Director, Mr Geoff Jones, said:
"GR Engineering is pleased to again be working with Saracen to deliver improvements to its mineral processing facilities to Carosue Dam. Having been involved in the initial development of Carosue Dam in 2000, our team has maintained a strong relationship with Saracen and utilised its understanding of the project to deliver incremental benefits to the project. GR Engineering looks forward to achieving positive outcomes for Saracen through the safe and successful delivery of these expansion works."
To learn more about the Carosue Dam Expansion Project, click here.
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:
+61 8 6272 6000
CFO & Company Secretary
+61 8 6272 6000
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