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Lycopodium Limited ( (AU:LYL) ) just unveiled an update.
Lycopodium Limited has been awarded a significant Engineering, Procurement, and Construction Management (EPCM) contract for the Nyanzaga Gold Project in Tanzania, valued at approximately A$48 million. This project marks the third major collaboration with Perseus Mining and builds on Lycopodium’s previous involvement in the project’s feasibility and design phases. The contract involves the development of a 5 Mtpa carbon-in-leach processing plant and associated infrastructure, with first gold production expected in Q1 2027. This award strengthens Lycopodium’s position in the mining sector and reinforces its long-standing relationship with Perseus Mining, highlighting its capability to deliver complex projects in Africa.
More about Lycopodium Limited
Lycopodium Limited is a global leader in providing integrated engineering, project, construction, and asset management solutions. The company operates across various sectors including Resources, Rail Infrastructure, and Industrial Processes, offering expertise in delivering complex multidisciplinary projects and feasibility studies. Lycopodium has a diverse team of industry experts and operates internationally with offices in countries such as Australia, Canada, USA, Argentina, Brazil, Peru, South Africa, Namibia, Botswana, Ghana, and the Philippines.
Average Trading Volume: 31,180
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$464.4M
See more data about LYL stock on TipRanks’ Stock Analysis page.