Leo Lithium (ASX:LLL) reports it has appointed Lycopodium for engineering and procurement and associated project management services for the Goulamina Lithium Project stage one in Mali.
The company says Lycopodium is a concept-to-completion EPCM specialist with a record of delivering ‘large’ scale development projects, and its experience in lithium and ‘substantial’ West African experience adds significant value the Goulamina Project as the company progresses its plans to bring Goulamina into production in 2024.
Lycopodium previously completed Goulamina’s updated Definitive Feasibility study (DFS) in December 2021 as well as conducting earlier project studies, and the execution of the engineering and procurement contract follows the ordering of ‘long-lead’ items which the company says will enable Lycopodium to continue development activities and progress into the execution phase.
Leo Lithium Managing Director Simon Hay said the company is pleased to continue the ongoing relationship with Lycopodium who is a leader in engineering and project delivery in West Africa.
“Lycopodium has been active on the execute phase of the Goulamina Project since the beginning of the year with initial engineering and long-lead procurement advancing on plan to meet our project schedule.
“Lycopodium has been active on the execute phase of the Goulamina Project since the beginning of the year”
Lycopodium Managing Director Peter De Leo said: “We are extremely pleased to be given this opportunity to support Leo in the development of this exciting project, which will be West Africa’s first operating lithium mine.”
The awarding of the engineering and procurement and project management contract now allows us to form an integrated team with shared objectives to advance Goulamina safely, on budget and on schedule as we strive toward our goal of being West Africa’s first spodumene producer.”
Leo reports at the end of October, engineering and design activities were 37% completed with procurement and contracting activities also 37% completed, and this progress has resulted in the award of contracts for critical ‘long-lead’ packages including the ball mill and crushers which are now being manufactured.
It also says site accommodation facilities have been installed and the first ‘major’ site work package has commenced with the bulk earthworks contractor mobilising to site in October.
The engineering and procurement and project management services contract is valued at around $22.7 million and will be executed over the next 18 to 24 months, and the company reports Goulamina remains on-track for commissioning and first production by the first half of 2024.
Leo Lithium is a lithium exploration and development company focused on the Goulamina Lithium Project, located in Mali.
Images: Leo Lithium Ltd & iStock
