Listed contractor Lycopodium has secured work on Talison Lithium’s Greenbushes project in WA, while Clough has been appointed to TNG’s Mount Peake project in the Northern Territory.
Talison has awarded an engineering, procurement and construction management (EPCM) services contract to Lycopodium, associated with the Chemical Grade Processing Plant #3 (CGP3) project at Greenbushes.
“We have been working in partnership with Talison for a number of years now, and having supported them through the development phases to optimise the CGP3 project, it is very pleasing to see it is now progressing to implementation,” Lycopodium managing director Peter De Leo said.
Lycopodium closed up 3.5 per cent today to trade at $4.50 per share.
“From a strategic and logistical perspective given the continued global COVID-19 related travel restrictions, it is an advantage to have a locally based engineering group working on this phase of the Mount Peake project with TNG and [SMS Group],” he said.
The company partnered with Germany’s SMS Group in September last year to develop technology to produce green hydrogen, which will specifically be applied to the proposed TIVAN facility.
TNG’s shares remain unchanged at close of trade, at 8.2 cents.