Boab Metals: Selects GR Engineering (ASX:GNG) as contractor for Sorby Hills process plant

Boab Metals Selects GR Engineering (ASX:GNG) as contractor for Sorby Hills process plant

• 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