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Lycopodium Limited (ASX:LYL)

ALERT: Price-sensitive ASX Announcement for LYL
Current share price for LYL : $18.240 6.76 (58.89%)+
Announcement
Release
30 Jul 2025 9:27AM
Price at Release
$11.480
Full Release
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Summary
Lycopodium Limited (LYL) has announced the award of the Engineering, Procurement and Construction Management (EPCM) contract for the Nyanzaga Gold Project in Tanzania. The contract was granted by OreCorp Limited, the project developer, and marks a significant milestone for both companies. The Nyanzaga Project is progressing towards development and production, with Lycopodium responsible for the design, procurement, and delivery management of the processing plant and associated infrastructure. The EPCM award follows successful completion of previous study phases and represents a continuation of the strong partnership between Lycopodium and OreCorp. The announcement underscores Lycopodium's track record in delivering gold projects in Africa and highlights its ongoing commitment to supporting resource development in Tanzania.
Key Points
  • Lycopodium Limited (LYL) awarded EPCM contract for Nyanzaga Gold Project in Tanzania.
  • Contract granted by OreCorp Limited, the project developer.
  • Lycopodium responsible for engineering, procurement, and construction management of the processing plant and infrastructure.
  • The project has advanced following completion of earlier study phases.
  • This award strengthens the collaborative relationship between Lycopodium and OreCorp.
  • Lycopodium has a proven history of delivering gold projects across Africa.
  • The project represents a significant development for Tanzania's resource sector.
  • Lycopodium will provide design, procurement, and delivery management services.
  • The contract continues Lycopodium’s involvement from study to execution phase.
  • Commitment to supporting local resource development emphasized in the announcement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.