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GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2021
Aug 1, 2021
65003_rns_2021-08-01_735df6b2-1359-4d2d-a337-c3c3669fb8d6.pdf
Capital/Financing Update
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ASX RELEASE
2 August 2021
For immediate release to the market
EPC Contract – Thunderbox 6 Mtpa Expansion Project EPC
GR Engineering Services Limited (ASX: GNG) (GR Engineering) is pleased to announce that it has executed an engineering, procurement and construction (EPC) contract with Northern Star Resources Limited (ASX:NST) (Northern Star) in relation to the Thunderbox 6 Mtpa Expansion Project (the Project).
The Thunderbox operations are located 45km south of Leinster in Western Australia. The works will involve the design, engineering, procurement, construction and commissioning of the Project.
The contract sum is $101 million and work is expected to start immediately.
Commenting on the award, Mr Geoff Jones, Managing Director said:
“GR Engineering is excited to continue working with Northern Star, one of the world’s leading gold producers, to safely deliver the Thunderbox Expansion Project. We have worked with the Northern Star team over many years and see this award as a strong endorsement of our proven EPC delivery capability.”
On award of Northern Star’s largest infrastructure project to date, Northern Star’s General Manager Processing, Mr Simon Tyrrell, said:
“The Thunderbox expansion increases the operation’s hard rock processing capacity to 6.0Mtpa from the current 3.0Mtpa, and decreases processing costs as outlined in the 2021 Investor Day Presentation. Northern Star is pleased to be working with GR Engineering again, a local company with vast project delivery experience in the Australian mining industry.”
For further information please contact:
Geoff Jones
Managing Director
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+61 8 6272 6000
Omesh Motiwalla
CFO & Company Secretary
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+61 8 6272 6000
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