GR Engineering Services has been endorsed by Brightstar Resources as its preferred EPC contractor for Goldfields-based assets.
ASX-listed GR Engineering Services has been endorsed by Brightstar Resources as its preferred EPC contractor for Goldfields-based assets.
The deal, valued at $115 million, is subject to the Alex Rovira-led company achieving a positive final investment decision for its 1.5 million tonnes per annum Laverton processing plant, along with securing relevant project funding.
GR boss Tony Patrizi said the company was looking forward to aid Brightstar’s push to become a significant gold producer.
“Our clients are increasingly seeking certainty and a track record of performance,” he said.
“GR Engineering has been able to demonstrate this to Brightstar, including by reference to its proven track record of successfully delivering project outcomes in the Western Australian gold sector.
“We look forward to working with the Brightstar team on their pathway to become a stand-alone Western Australian gold producer.”
Earlier this month, the mid-tier gold aspirant tapped investors for $180 million, which proceeds allocated towards construction of its Goldfields Hub, along with the processing facility.
The market responded positively early on Tuesday, with GR shares up 5 per cent to $4.80, a new company high.
