GR Engineering Says Genesis Minerals Able to Avoid Western Australia Processing Plant Construction After Vault Minerals Deal
MT Newswires Live
Jul 14
GR Engineering Services (ASX:GNG) was informed by Genesis Minerals (ASX:GMD) that under its proposed acquisition of Vault Minerals (ASX:VAU), it will have the ability to process ore through the King of the Hills process plant and avoid the construction of the Tower Hill process plant, according to a Tuesday Australian bourse filing.
The firm added there would be no adverse impact to its results for the year ended June 30.
GR Engineering was earlier awarded a AU$229 million EPC contract with Genesis for the Tower Hill gold project in Western Australia. It has begun engineering works and the procurement of long lead items.
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