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Highlights
Lycopodium secures a new EPCM contract with Perseus Mining for the Nyanzaga Gold Project
The contract covers engineering, procurement, construction management, and commissioning works
Project builds on prior collaboration across earlier feasibility phases with Perseus
Lycopodium Ltd (ASX:LYL), a prominent player within the engineering and construction sector on the ASX 300, has confirmed it will deliver the full EPCM scope for the Nyanzaga Gold Project in Tanzania. The agreement has been formalised with Perseus Mining Ltd (ASX:PRU), marking a continuation of the professional relationship between the two firms across various African development programs.
The contract supports the development of a conventional gold processing facility and related infrastructure. It also aligns with Lycopodium’s broader strategy of delivering end-to-end solutions from early project concept to operational readiness.
Scope Covers Process and Non-Process Infrastructure Delivery
The EPCM services secured by Lycopodium include design, procurement, and execution oversight of a gold processing plant expected to handle large-scale ore throughput. The project also encompasses commissioning of non-processing assets such as power supply lines, water transfer systems from Lake Victoria, and essential site services like workshops and warehousing facilities.
The Nyanzaga site is scheduled to be initially mined via open pit extraction with provisions for scalability to include underground methods in the future. The partnership agreement also positions Lycopodium as a key delivery partner throughout all critical project phases.
A Continued Partnership with Perseus Mining
Lycopodium’s engagement on the Nyanzaga Gold Project builds on its previous work with Perseus at the Sissingué and Yaouré mines. The two companies have collaborated across numerous project milestones, with Lycopodium involved from early-stage prefeasibility assessments through to recent engineering and design work on the Tanzanian venture.
The firm’s ability to execute both preliminary studies and deliver physical infrastructure remains a central factor in its appointment to this latest development.
Comprehensive Capabilities Support Multidisciplinary Projects
Known for managing technically complex mining and infrastructure assets, Lycopodium’s business model integrates engineering, construction, and advisory functions across multiple geographies. This structure enables the company to support not only greenfield developments but also optimise brownfield projects with enhancements to existing systems and throughput expansion strategies.
Its engagement in the Nyanzaga development further highlights the firm’s capacity to operate in international jurisdictions with evolving regulatory and logistical conditions.
Frequently Asked Questions
- What project has Lycopodium been awarded recently?
Lycopodium has been awarded the EPCM contract for the Nyanzaga Gold Project in Tanzania by Perseus Mining. - What infrastructure will Lycopodium deliver for the Nyanzaga project?
The scope includes a gold processing plant, power and water systems, tailings management, and associated support facilities. - How does this project fit into Lycopodium’s overall strategy?
This contract strengthens Lycopodium’s reputation for delivering complex mining projects and builds on its longstanding collaboration with Perseus Mining.
