Lycopodium Secures Key Reko Diq Project Contract

Lycopodium Limited (AU:LYL) has released an update.

Lycopodium Limited has been awarded a lucrative A$30 million contract for Early Works Construction Engineering Services on the Reko Diq Copper-Gold Project in Pakistan, a project co-owned by Barrick Gold Corporation. This addition brings the firm’s total project contract value to A$85 million, with services already underway and aiming for completion in the second quarter of 2025. The project, critical for economic and social development in Balochistan province, is expected to have a lifespan of 40 years with first production targeted for 2028.

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