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- Boab Metals (BML) selects GR Engineering Services (GNG) as the preferred contractor to produce a processing plant at its 75-per-cent-owned Sorby Hills project in WA
- The selection follows a highly competitive tender process, with the proposed price encompassing the design, engineering, procurement and construction of the plant
- The proposal sees the plant produce up to 2.25 million tonnes per annum – a 50 per cent increase to what was proposed in the pre-feasibility study for the project
- Final contract award and commercial agreement is set to be finalised over the coming months as Sorby Hills moves towards a final investment decision
- BML shares are trading steady at 33 cents at 2:55 pm AEDT, while GNG shares are down 2.29 per cent to $2.13 each at the same time
Boab Metals (BML) has selected GR Engineering Services (GNG) as its preferred contractor to develop a processing plant for Boab’s 75-per-cent-owned Sorby Hills lead-silver-zinc project in Western Australia.
The selection follows a “highly competitive” tender process, with the proposed price encompassing the design, engineering, procurement and construction of the plant.
GNG’s proposal would see the plant produce up to 2.25 million tonnes per annum, which Boab said represents a 50 per cent increase to the pre-feasibility study for Sorby Hills.
The final contract award and commercial agreement is set to be finalised over the coming months as the project moves toward a final investment decision.
Commenting on GNG’s selection, Boab Managing Director, Simon Noon said it was a “significant project milestone.”
“GRES is a market leading engineering firm that is highly regarded within the industry for their technical ability and track record of project delivery.
“Having GRES on board will complement the project delivery team and add immense value to the Sorby Hills project.”
Boab said the project’s economic viability will be discovered once the results of a definitive feasibility study are produced, estimated in the current quarter.
BML shares were trading steady at 33 cents at 2:55 pm AEDT, while GNG shares were down 2.29 per cent to $2.13 each at the same time.
