10/01/2022 - 11:49

Lycopodium books more Batu Hijau works

10/01/2022 - 11:49

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East Perth-based Lycopodium has won a $36 million contract to oversee construction and engineering at one of the largest copper-gold mines in Indonesia.

Lycopodium books more Batu Hijau works
Lycopodium managing director Peter De Leo. Photo: Attila Csaszar

East Perth-based Lycopodium has won a $36 million contract to oversee construction and engineering at one of the largest copper-gold mines in Indonesia.

Lycopodium was awarded the contract by PT Amman Mineral Nusa Tenggara for works at the Batu Hijau Process Plant Expansion Project.

Batu Hijau, widely considered a world-class mining asset,  is an open-pit copper-gold mine located on the island of Sumbawa in the province of West Nusa Tenggara, situated some 1,500 kilometres east of Jakarta.

The company announced to the ASX today it has been selected to undertake detailed engineering and construction management services to develop several key process plant areas at the site.

The work is valued at over $36 million and is set to commence in January 2022 and continue for two years.

It marks the latest in a string of works the firm has completed at the project in recent years.

In May 2020, Lycopodium was awarded the Front End Engineering and Design (FEED) to develop additional mineral processing capacity to more than double existing production.

In July the following year the company undertook professional engineering and management services scope ahead of process plant expansion.

Lycopodium managing director Peter De Leo said he was pleased to continue supporting PT AMNT with the expansion as it progresses through the construction stage.

Shares in Lycopodium last traded at $5.15.

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