EPC Contract - Carosue Dam Operations Plant Expansion Project

Company News

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."