Gold Road Resources (ASX: GOR) says engineering of its 50% owned Gruyere gold project is 72% complete, and construction 32% done, as development work of the $532 million project in the north-eastern Goldfields tracks to schedule and budget. In an update today, Gold Road said the Gruyere main access road was open ahead of schedule, final approvals had been received for the gas pipeline to be built, and the new airstrip was ready for landings.
- Construction on schedule and budget – engineering and construction 72% and 32% complete respectively
- Mining contract awarded to Downer EDI Mining Pty Ltd
- Final approval received for construction of gas pipeline
- Gruyere main access road open ahead of schedule
- Airstrip completed, awaiting CASA certification for 100‐seat aircraft
- Process plant construction progressing well
Gold Road Resources Limited (Gold Road) and Gruyere Mining Company Pty Ltd, a member of the Gold Fields Limited group (Gold Fields), are pleased to provide an update on development activities at the Gruyere Gold Project (the Project), which is being developed as a 50:50 Joint Venture approximately 200 kilometres east of Laverton in Western Australia.
With early works at Gruyere having started in December 2016, construction has now been in progress for more than 12 months. Pleasingly, the Project remains on schedule to pour first gold at the end of the first quarter of 2019. Costs incurred to date are also in line with the budgeted overall Project Capital of $532 million.
Gruyere Project Director Sim Lau said “A great deal has been achieved in the past 12 months, which is testament to the efforts of the project team and our contractors. With Project engineering 72% complete and construction 32% complete, we remain confident that the Gruyere Gold Project will be brought into production on schedule and within budget in early 2019.”
During the past quarter, the five‐year $400 million mining services contract was executed with Downer EDI Mining Pty Ltd (Downer). Downer will begin mobilising their workforce in the March 2018 quarter to commence construction of the mining infrastructure. Mining activities are scheduled to commence in the December 2018 quarter.
Gas Pipeline APA Group has received final approval from the WA Department of Mines, Industry Regulation and Safety for the 198 kilometre Yamarna Gas Pipeline (YGP) and has appointed Nacap Australia Pty Ltd (Nacap) as its construction contractor.
Nacap has begun establishing a temporary 200‐person construction camp along the pipeline route and will mobilise its workforce to site to begin works in February. Construction of the pipeline is expected to be completed in the June 2018 quarter.
Civil and structural works and installation of the generators and gas engines have also begun at the 45 MW Gruyere Power Station, which will ultimately be connected to the YGP.
 level of accuracy range of ‐5% +10%