EPC Contract - Davyhurst Restart Project

Davyhurst Restart Project

Wednesday 15th July, 2020

GR Engineering Services Limited (ASX: GNG) (GR Engineering) is pleased to announce that is has been awarded an engineering, procurement and construction (EPC) contract with Ora Banda Mining Limited (OBM.ASX) (Ora Banda) associated with the restart of the existing Davyhurst Gold Processing Plant located in Western Australia (Davyhurst Restart Project).

The contract price is $10.8 million and will be undertaken on a fixed price bases which includes a provisional sum component. The scope of works include the refurbishment, optimisation and recommissioning of the existing 1.2 Mtpa Davyhurst Gold Processing Plant, borefields and associated infrastructure. Work will start immediately and is expected to be completed in the first quarter of calendar year 2021.

Commenting on the award, GR Engineering's Managing Director, Mr Geoff Jones, said:

"GR Engineering is pleased to have been awarded the EPC contract for the Davyhurst Restart Project. We are excited to be working with Ora Banda's management team and look forward to Ora Banda becoming Australia's newest gold producer."

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:

Geoff Jones

Managing Director

+61 8 6272 6000

geoff.jones@gres.com.au

Omesh Motiwalla

CFO & Company Secretary

+61 8 6272 6000

omesh.motiwalla@gres.com.au

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