EPC CONTRACT NOTICE OF PREFERRED CONTRACTOR - ANDY WELL GOLD PROJECT PROCESSING PLANT
Notice of preferred contractor issued for Andy Well Gold Project processing plant EPC contract
Contract price approximately $31 million
GR Engineering Services Limited (ASX:GNG) (GR Engineering or Company) is pleased to advise that it has been issued with a notice of preferred contractor by Doray Minerals Limited (ASX:DRM) (Doray) in relation to the engineering, procurement and construction (EPC) contract for the processing plant for Doray’s Andy Well Gold Project near Meekatharra in Western Australia.
The contract price is approximately $31 million, with formal award being subject to final board approval, completion of project financing by Doray, final tender clarifications and formal contract documentation. The contract price has been determined on a lump sum basis and GR Engineering expects to receive the majority of the project revenue in FY13.
Joe Ricciardo, Managing Director of GR Engineering, said in relation to the notice:
“GR Engineering is pleased to have been selected as preferred contractor to undertake the design and construction of the Andy Well Gold Project processing plant after working closely with Doray on the Bankable Feasibility Study for the project. Being provided with this notice is another endorsement of GR Engineering’s ability to assist clients from project inception through to project execution and delivery.”