Ann: Award of Conditional GBP75 million EPC Contr, page-2

re: Ann: GNG: Award of Conditional GBP75 mill... Some very good news this, I wonder what it will do to the sp? Now that we have a contract for the construction and commissioning of our mine, there might be some more interest of WLF both here and the UK.

Also I wonder if the pallets with the plastic wrapping around it, if they belong to GR Engineering Services Limited?


ASX RELEASE
6 March 2013
For immediate release to the market

Award of Conditional £75 million EPC Contract
Hemerdon Tungsten and Tin Project

GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that it has been awarded a £75 million (A$111 million1) EPC contract (Contract) for the Hemerdon Tungsten and Tin project, located near Plymouth, England by Wolf Minerals Limited (ASX:WLF) (Wolf).

The Contract is for the design, construction and commissioning of a 3Mtpa tungsten and tin mineral processing plant plus associated infrastructure, forming the key component of the Hemerdon Tungsten and Tin project.

The formal commencement date for the work under the Contract will be advised by Wolf upon the satisfaction of several conditions precedent, including finalisation and confirmation from Wolf that financial arrangements are in place for the project.

The Contract term is approximately 2 years from the commencement date.

Commenting on the Contract award, GR Engineering’s Managing Director, Mr Joe Ricciardo said:
“The award of the Hemerdon EPC Contract follows over 3 years of GR Engineering working closely with Wolf to deliver specialised studies and advice whilst demonstrating the engineering and construction capabilities that are pivotal to the successful delivery of the project.

The Contract is particularly significant for GR Engineering as it is consistent with our growth strategy to expand offshore and to maintain our traditional standing as an EPC contractor that can deliver fixed price, turn-key solutions.

GR Engineering looks forward to continuing to work with Wolf to bring the Hemerdon Tungsten and Tin project into production.”


Good luck to all that hold WLF