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GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2020
Oct 15, 2020
65003_rns_2020-10-15_b9a915a5-c6b6-4b49-8c22-fab585546870.pdf
Capital/Financing Update
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ASX RELEASE
16 October 2020
For immediate release to the market
Contract Award – Nullagine Mill Refurbishment Project
GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that it has been awarded a contract for the engineering, procurement and construction works with Millennium Minerals Ltd, a subsidiary of Novo Resources Corp. (Novo) associated with the Nullagine Gold Project, located in the Pilbara region of Western Australia.
The contract price is $8.3 million and will be undertaken on a reimbursable cost basis. Millennium’s mine and processing plant were shut-down in December 2019 and Novo is planning to restart the processing plant in early 2021. The scope of works includes the refurbishment and upgrade of the gravity circuit and associated facilities to enable operations to recommence.
Commenting on the award, GR Engineering’s Managing Director, Mr Geoff Jones, said:
“GR Engineering is pleased to have been awarded the contract for the Nullagine Mill Refurbishment Project. We are looking forward to working with the Novo management team to successfully and safely deliver this project.”
Ends.
For further information please contact:
Geoff Jones
Managing Director +61 8 6272 6000 [email protected]
Omesh Motiwalla
CFO & Company Secretary +61 8 6272 6000
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GR ENGINEERING SERVICES LIMITED ABN 12 121 542 738 Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: [email protected] Website: www.gres.com.au PO Box 258, Belmont WA 6984 71 Daly Street, Ascot WA 6104