EPC Contract – Norseman Gold Project

GR Engineering Services Limited (ASX: GNG) (GR Engineering) is pleased to announced that it has entered into a contract with Pantoro Limited (Pantoro) for the engineering, procurement and construction (EPC) of a new processing plant for its 50% owned Norseman Gold Project (the Project).

As previously announced on 10 February 2021, GR Engineering had received a Letter of Intent from Pantoro for these works. The contract sum is $59.5 million.

Commenting on the award of the contract, Mr Geoff Jones, Managing Director stated that:

“GR Engineering is pleased to have been awarded the EPC contract for the Project. We have worked collaboratively with Pantoro over the past two months and look forward to continuing to engage closely with Pantoro to deliver safe and successful outcomes for the Project.

GR Engineering continues to build its contracted pipeline of work across a diverse commodity base and increase its revenue and earnings visibility for FY22.”

Ends.

ASX Release

About GR Engineering

GR Engineering specialises in providing fixed price engineering design and construction services to the global resources and mineral processing industries. GR Engineering has a proven track record of delivering integrated project solutions in over 20 countries across all major commodity types. As a group, GR Engineering employs more than 500 professional, technical and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.

GR Engineering Services Limited is listed on the Australian Securities Exchange (ASX: GNG).

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