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GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2020
Jul 14, 2020
65003_rns_2020-07-14_b235b4f6-ca25-4b54-8854-036e681791fd.pdf
Capital/Financing Update
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ASX RELEASE
15 July 2020
For immediate release to the market
EPC Contract – Davyhurst Restart Project
GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that it 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 basis 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.”
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For further information please contact:
Geoff Jones Managing Director +61 8 6272 6000
Omesh Motiwalla
CFO & Company Secretary +61 8 6272 6000 [email protected]
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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