Saracen Awards New Work to GR Engineering

Company News

Tuesday 30th June, 2020

GR Engineering Services Limited (ASX: GNG) (GR Engineering) is pleased to announce that it has been awarded additional work by Saracen Mineral Holdings Limited (ASX: SAR) (Saracen) that has a combined value of $29 million.

The new projects awarded include:

  • an engineering, procurement and construction (EPC) contract for the Thunderbox Paste Plant Project - the works will involve the design, supply installation and commissioning of a new 150 m3/h paste backfill plant at its Thunderbox Operations. The project includes work at the existing Thunderbox Operations' processing facility along with works at a new remote paste plant location. The contract price is $22 million. Work will start immediately with the work expected to complete in the first half of calendar year 2021.
  • an approved variation for the Carosue Dam Operations Plant Expansion Project - GR Engineering has been awarded a variation under the existing contract to install a past pump at the Karari Paste Plant to distribute paste to the Whirling Dervish underground mine. The value of the variation is $7 million.

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

"GR Engineering is please to have been awarded the EPC contract for the Thunderbox Paste Plant Project and the variation works for the Carosue Dam Operations Plant Expansion Project. GR Engineering has now worked with Saracen on three key projects in the last two years and we look forward to continuing our strong working relationship with one of Australia's leading gold producers."

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

Follow GR Engineering on LinkedIn.

Category: Company News