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BRIEF-Gold Road Resources Announces Power Expansion Initiatives At Gruyere Gold Mine

Published 08/12/2020, 12:18 pm
Updated 08/12/2020, 12:24 pm
© Reuters.
GOR
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Dec 8 (Reuters) - Gold Road Resources Ltd GOR.AX :

* CO & GRUYERE MINING CO REPORT ON POWER EXPANSION INITIATIVES AT GRUYERE GOLD MINE

* APA GROUP CONTRACTED TO INSTALL ADDITIONAL 4MW RECIPROCATING GAS-FIRED ENGINE BY MID-2021 (PHASE 1)

* COST OF PHASE 1 AND PHASE 2 EXPANSION WILL BE AMORTIZED OVER TERM OF ESA AND FORECAST AT A$32 MILLION - A$38 MILLION

* APA GROUP TO BUILD, OWN & OPERATE 13MWP SOLAR FARM & 4.4MW BATTERY ENERGY STORAGE SYSTEM BY END OF 2021 (PHASE 2)

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