- Lycopodium Minerals (LYL) has been awarded a contract to provide its management services to Orezone Gold’s Bomboré Gold Project in Burkina Faso
- Specifically, the company will undertake engineering and construction management services for the design and construction of the stage one oxide process plant
- Work is set to begin on January 11 and upon completion, the plant will have a capacity of 5.2 million tonnes per annum
- On market close shares in Lycopodium are down a slight 0.21 per cent and trading at $4.72
Lycopodium Minerals (LYL) has been awarded a contract to provide its management services to Orezone Gold’s Bomboré Gold Project.
Specifically, the company will undertake engineering, procurement and construction management services for the design and construction of the stage one oxide process plant.
The Bomboré Project is considered the largest undeveloped gold deposit in Burkina Faso.
Work will be undertaken in two phases with phase one focusing on the oxides as a carbon-in-leach operation and phase two focusing on crushing and grinding the sulphides.
Work is set to begin on January 11 and upon completion, the plant will have a capacity of 5.2 million tonnes per annum.
“Having supported the initial study work and front end engineering design for the project out of our Toronto office, we are very pleased to continue to support Orezone in the development of Bomboré,” Managing Director Peter De Leo said.
“With vast experience in successfully designing and constructing gold projects in Africa, we will draw on our specialist expertise in Australia, Canada and Burkina Faso to deliver this significant project,” he added.
On market close, shares in Lycopodium are down a slight 0.21 per cent and trading at $4.72 in an $187.5 million market cap.