Lycopodium (ASX:LYL) has landed engineering, procurement and construction management (EPCM) contracts for the development of the Koné Gold Project in Côte d’Ivoire.
The company expects the Koné Gold Project, owned by Vancouver-based Montage Gold (TSX-V:MAU), will become one of the largest greenfield gold processing plants in West Africa. It is located near existing infrastructure, has access to ample water sources, and is accessible year-round by asphalt road.
Front-end engineering design services are currently progressing, with Lycopodium aiming to begin the EPCM services immediately.
Lycopodium, which has a market capitalisation of $400.97 million, says the project is fully funded, with an initial project capital cost of US$835 million ($1.34 billion).
The company’s contractual scope, valued at $56.7 million, includes the engineering, design, procurement, construction management, and commissioning of the 11-million-tonnes-per-year carbon-in-leach processing plant, as well as related infrastructure. This includes plant workshops, plant offices, event pods, and associated plant water infrastructure.
The plant design includes crushing, screening, carbon-in-leach circuit carbon recovery and acid wash, as well as carbon elution, electrowinning trains and smelting.
Lycopodium Managing Director Peter De Leo says the project is poised to become West Africa’s next sizeable, long-life, low-cost gold mine.
“We are very pleased to have this opportunity to bring our vast experience and proven track record in successfully delivering gold projects in Africa to this world-class project,” De Leo says.
Lycopodium provides integrated engineering, construction, and asset management solutions. The company operates across the resources, rail infrastructure, and industrial processes sector.
Write to Aaliyah Rogan at Mining.com.au
Images: Lycopodium
