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Sirius awards contracts at Nova

8th June 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Nickel developer Sirius Resources has awarded GR Engineering Services a A$114-million engineering, procurement and construction contract for the design and construction of a mineral processing and paste fill plant for the Nova project, in Western Australia.

The contract work will start immediately and will run until November 2016.

Meanwhile, Sirius has also entered into a contract with Future Power WA for the construction of a 11 kv overhead power line at the Nova nickel project. The contract is worth an estimated A$3-million.

The Nova nickel mine is expected to deliver about 26 000 t/y of nickel, 11 500 t/y of copper and 850 t/y of cobalt over a ten-year mine life with concentrate production expected to start in late 2016.

Sirius recently received a takeover offer from fellow-listed Independence Group valued at A$1.8-billion. In exchange for their shares, Sirius shareholders will be issued with 0.66 of an Independence share for every one Sirius share held, along with a cash consideration of 52c a share.

Edited by Creamer Media Reporter

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