GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2014

Nov 18, 2014

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ASX RELEASE

19 November 2014

For immediate release to the market

Entry into conditional $54.6 million EPC Contract Keysbrook Mineral Sands Project

GR Engineering Services Limited (GNG.ASX) ( GR Engineering ) is pleased to announce that it has entered into an agreement with Keysbook Leucoxene Pty Limited, a wholly owned subsidiary of MZI Resources Limited (MZI.ASX) ( MZI ) for the engineering, procurement and construction of the Keysbrook Minerals Sands Project ( Project ) process plant and associated infrastructure ( Contract ).

Commencement of work under the Contract remains subject to the satisfaction of certain conditions precedent, predominantly associated with MZI’s financing and offtake arrangements. GR Engineering expects to be advised of a commencement date under the Contract in the current half.

GR Engineering’s work under contract includes the process engineering design and construction of the wet concentrator plant and associated infrastructure at Keysbrook, located 70km south of Perth, Western Australia and modifications to a minerals separation plant operated in Picton, Western Australia.

The Contract price is approximately $54.6 million, with the associated revenue expected to be realised over a period of 14 months from the commencement date.

Commenting on the award of the Contract, GR Engineering’s Managing Director, Mr Geoff Jones said:

“GR Engineering has developed a strong working relationship with MZI prior to entering into this Contract which leaves us well placed to execute the delivery of the Keysbrook Mineral Sands Project. The ability to complete early works has provided us with a detailed understanding of the Project and the requirements of its stakeholders. We look forward to continuing to work collaboratively with MZI to deliver safe, successful Project outcomes.”

Ends.

For further information contact:

Geoff Jones

Managing Director GR Engineering Services Limited

 +61 8 6272 6000

• geoff.jones@gres.com.au

GR ENGINEERING SERVICES LIMITED ABN 12 121 542 738 Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: gres@gres.com.au Website: www.gres.com.au PO Box 258, Belmont WA 6984 179 Great Eastern Highway, Belmont WA 6104

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GR Engineering Services Limited (ASX:GNG) is an engineering, consulting and contracting company specialising in fixed price engineering design and construction services to the resources and mineral processing industry.

Founded in Perth, Western Australia in 2006, GR Engineering has successfully grown through the completion of design and construction projects for a diverse range of clients, including global mining houses, mid-tier miners and junior developers undertaking their first project.

GR Engineering undertakes feasibility studies and consulting engagements on projects globally. These studies play a key role in delivering organic growth opportunities through their conversion into design and construction projects.

GR Engineering directly employs approximately 170 professional and support staff at its offices in Perth and Brisbane in addition to its direct construction workforce and subcontractors.

GR Engineering also has a presence in the energy sector via its wholly owned subsidiary, Upstream Production Solutions, a provider of high quality operations & maintenance and well management services to the oil and gas industry.

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