4 December 2014 For immediate release to the market
Commencement of Keysbrook Mineral Sands Project Further to its announcement of 19 November 2014,
GR Engineering Services Limited (ASX.GNG) (GR Engineering) is pleased to announce that work has commenced under its contract with Keysbrook Leucoxene Pty Limited, a wholly owned subsidiary of MZI Resources Limited (MZI.ASX) for the engineering, procurement and construction of the Keysbrook Minerals Sands Project process plant and associated infrastructure.
The contract price is approximately $54.6 million, with the associated revenue expected to be realized over a period of 14 months.
GR Engineering Services Limited (ASX:GNG) is an engineering, consulting and contracting company specialising in fixed price engineering design and construction services to the resources and mineral processing industry.
Founded in Perth, Western Australia in 2006, GR Engineering has successfully grown through the completion of design and construction projects for a diverse range of clients, including global mining houses, mid-tier miners and junior developers undertaking their first project. GR Engineering undertakes feasibility studies and consulting engagements on projects globally. These studies play a key role in delivering organic growth opportunities through their conversion into design and construction projects.
GR Engineering directly employs approximately 170 professional and support staff at its offices in Perth and Brisbane in addition to its direct construction workforce and subcontractors.
GR Engineering also has a presence in the energy sector via its wholly owned subsidiary, Upstream Production Solutions, a provider of high quality operations & maintenance and well management services to the oil and gas industry.
