METS

GR wins more Saracen work

New contracts worth $29M

Staff reporter

This article is 5 years old. Images might not display.

Saracen awarded GR a $22 million engineering, procurement and construction contract for the Thunderbox paste plant.

The project includes works at the existing Thunderbox processing facility, as well as works at a new remote paste plant location.

Work will start immediately and is expected to complete in the first half of calendar year 2021.

GR also won a $7 million variation under the Carosue Dam plant expansion project which will see it install a pump at the Karari paste plant to transport paste to the Whirling Dervish underground.

The company originally completed the $18 million paste plant last year.

"GR Engineering has now worked with Saracen on three key projects in the last two years and we look forward to continuing our strong working relationship with one of Australia's leading gold producers," GR managing director Geoff Jones said.

June was a successful month for GR, having secured a $107 million contract with Salt Lake Potash and a $23 million letter of intent from Silver Lake Resources.

GR shares closed 2.8% higher at 72c, valuing the company just under $110 million.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.