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

Leadership Insights 2025

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

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.