MONTREAL, April 15, 2020 /CNW Telbec/ - SRG Mining
Inc. (TSXV: SRG) ("SRG" or the "Company") is pleased to
announce that DRA Global ("DRA") has been selected as the provider
of Engineering, Procurement and Construction Management ("EPCM")
services for SRG's Lola Graphite Project in Guinea. This selection is the result of a
competitive tender process where several international engineering
firms were invited and responded with qualifying and attractive
proposals.
Over the past three years, DRA has assisted SRG with the
evaluation of the Lola Graphite Project, having been involved with
the project from Preliminary Economic Assessment ("PEA"), to the
most recent Feasibility Study ("FS").
DRA, and its subsidiaries such as SENET, have a long and
successful history of delivering Resources projects on the African
Continent, most recently being involved in the construction of
Alufer's Bel Air bauxite project and Managem's Tri-K gold project,
both in Guinea. This historic
knowledge and experience, combined with expertise of the latest
processing technology, enable DRA to successfully design and
execute mining and minerals processing projects, particularly in
West Africa. The engineering phase
of the project will be done through the DRA Offices in Montreal and Toronto and the site-based execution will be
led by DRA's subsidiary SENET.
Commenting on the appointment of DRA, Ugo Landry-Tolszczuk, President and Chief
Operating Officer of SRG, said, "Our tender process cemented our
belief that DRA is the best partner for SRG to successfully
complete the design and construct our Lola Graphite
project. DRA has been involved in the Lola project from the
PEA, and the DFS through their offices in Montreal and Toronto and now through to the EPCM
delivery. They have gained valuable knowledge throughout this
time and are very well positioned to successfully execute the
construction of the Lola project. We look forward to
continuing to work with DRA and reaping the benefits of this
mutually beneficial relationship."
Andrew Naude, CEO of DRA Global
said: "Awarding the execution of this internationally important
Graphite project on the African Continent to DRA is testament to
DRA's position as the preferred technical partner for projects of
this nature. It reinforces DRA's position as the preferred
partner for the delivering of projects on the Continent. DRA is
extremely pleased to have been selected by SRG for the execution of
the project. DRA has put together a very strong team for the EPCM
of the project all of whom carry industry leading experience in
delivering successful on projects, in Africa."
ABOUT DRA
DRA is a multidisciplinary global engineering group that
delivers mining, mineral processing, energy, water treatment and
infrastructure services from concept to commissioning and into
operation. DRA has offices in Africa, Australia, Canada, Peru,
China and the United States. Met-Chem, a division of DRA
Americas Inc., was originally established in 1969 as a consulting
engineering company, headquartered in Montreal, and provides a wide range of
technical and engineering services.
ABOUT SRG MINING
SRG Mining is a Canadian-based mining company focused on
developing the Lola graphite deposit located in the Republic of
Guinea, West Africa. SRG is committed to operating in
a socially, environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srgmining.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "firm", "anticipated",
"potential", "will", "continue", "demonstrate", "deliver",
"believe", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would" or
"might". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: (i) volatile stock price; (ii) the general global
markets and economic conditions; (iii) the possibility of
write-downs and impairments; (iv) the risk associated with
exploration, development and operations of mineral deposits and
mine plans for the Company's mining operations; (v) the risk
associated with establishing title to mineral properties and assets
including permitting, development, operations and production from
the Company's operations being consistent with expectations and
projections; (vi) fluctuations in commodity prices, finding offtake
takers and potential clients or enforcing such agreements against
same and other risks and factors described or referred to in the
section entitled "Risk Factors" in the MD&A of the Company and
which is available at www.sedar.com, all of which should be
reviewed in conjunction with the information found in this news
release.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information is given as of the date of
this press release, and the Company does not undertake to update
such forward-looking information except in accordance with
applicable securities laws.
SOURCE SRG Mining Inc.
