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GR ENGINEERING SERVICES LIMITED — Regulatory Filings 2016
Mar 2, 2016
65003_rns_2016-03-02_eda0d7b2-cccb-41a9-93a9-421ee86b2653.pdf
Regulatory Filings
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ASX Announcement
3 March 2016
Appointment of Study Manager for the Mulga Rock Definitive Feasibility Study
Vimy Resources Limited (ASX:VMY) ( Vimy ) is pleased to announce the appointment of GR Engineering Services Limited (ASX:GNG) ( GR Engineering ) as study manager for the Mulga Rock Definitive Feasibility Study ( DFS ).
The appointment of GR Engineering is another important milestone in the future development of the Mulga Rock Project. The DFS will build on the excellent outcomes achieved in the Pre-feasibility Study, released in November 2015.
Since the completion of the Pre-feasibility Study, Vimy has completed several phases of work which will provide input into the DFS, including:
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Completion of the first of two test pits at the Mulga Rock Project
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Collection of 25t of ore sample from the first of two pits
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Completion of a significant in-fill drilling program
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Commencement of a metallurgical pilot plant.
A full description of these work programs was provided to the ASX on 25 February 2016.
Vimy’s CEO, Mike Young, commented : “We are very pleased to have attracted a study manager of GR Engineering’s quality to join the Vimy team in the development of the Mulga Rock Project. GR Engineering has recently delivered a number of significant projects in Western Australia and overseas across a diverse range of commodities.”
“We received a number of very high calibre proposals for the project study lead, highlighting the significant opportunity that the current mining downturn presents to Vimy to attract the very best in class. We are very pleased that a high quality Western Australian project is being progressed by a trusted and credible Western Australian engineering and consulting firm.”
GR Engineering’s Managing Director, Geoff Jones, commented: “We look forward to working with Vimy on the delivery of the Mulga Rock Project DFS. We consider Mulga Rock to be a high quality asset, managed by a team with a proven track record in the successful delivery of greenfields development projects.”
Mike Young Managing Director and CEO
Tel: +61 8 9389 2700
3 March 2016
Vimy Resources Limited Ground Floor, 10 Richardson Street, West Perth WA 6005. PO Box 23, West Perth WA 6872 Telephone: +61 (8) 9389 2700 Fax: +61 (8) 9389 2722 Website: vimyresources.com.au ABN 56 120 178 949
About Vimy
Vimy Resources Limited ( ASX: VMY ) is a Perth-based resource development company. Vimy’s primary focus is the development of the Mulga Rock Project, one of Australia’s largest undeveloped uranium resources which is located 240km ENE of Kalgoorlie in the Great Victoria Desert of Western Australia.
The Project will have the capacity to produce 1,360 tonnes per annum of uranium oxide for up to seventeen years. The Project is expected to result in the creation of approximately 490 new jobs in Western Australia and to create payments of around A$19m per year to the State government in the form of royalty payments and payroll tax. The amount of uranium produced if used in nuclear reactors to displace coal fired electricity would offset more than 50 million tonnes of carbon dioxide equivalent emissions which is around 10% of Australis’s total greenhouse gas emissions.
For a comprehensive view of information that has been lodged on the ASX online lodgement system and the Company website please visit asx.com.au and vimyresources.com.au respectively.
Directors and Management
The Hon. Cheryl Edwardes – Chairman Mike Young – CEO and Managing Director Julian Tapp – Executive Director
David Cornell – Non-Executive Director
Aaron Hood – Non-Executive Director
Ron Chamberlain – Chief Financial Officer and Company Secretary Tony Chamberlain – Chief Operating Officer
Xavier Moreau – General Manager, Geology and Exploration
Principal Place of Business
Ground Floor, 10 Richardson Street West Perth WA 6005
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T: +61 8 9389 2700
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F: +61 8 9389 2722
Postal Address
PO Box 23 West Perth WA 6872
Share Registry
Security Transfer Registrars Pty Ltd 770 Canning Highway Applecross WA 6153
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T: +61 8 9315 2333
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F: +61 8 9315 2233
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About GR Engineering Services
GR Engineering Services Limited (ASX:GNG) is an ASX listed engineering and consulting contractor specialising in fixed price engineering design and construction services to the resources and mineral processing industry.
GR Engineering has successfully completed the engineering design and construction of projects for a diverse range of clients, including global mining houses, mid-tier miners and junior developers undertaking their first project. Traditionally an EPC contractor, GRES also has the ability to contract through a variety of models, including EPCM and hybrid contracting arrangements.
GR Engineering also has a long history of providing a diverse range of process engineering consulting services, including feasibility study preparation and management, process design and peer review engagements. These services have been delivered for projects globally and play a key role in delivering organic growth opportunities through design and construction project execution.
As a group, GR Engineering employs more than 285 professional and support staff throughout Australia and South East Asia, in addition to a direct construction workforce and subcontractors.