Lycopodium Minerals (ASX:LYL) awarded new contract with Bombore gold project

Company News

by Rachael Jones

Lycopodium Minerals Pty Ltd (ASX:LYL) has been awarded the contract to provide Engineering, Procurement and Construction Management services for Orezone Gold Corporation’s Stage 1 Oxide Process Plant for the Bomboré Gold Project.

Bomboré is considered the largest undeveloped gold deposit in Burkina Faso.

With a 13+ year mine life, Orezone plans to develop the project in stages, with Stage 1 focused on the oxides as a carbonin-leach (CIL) operation.

Work is due to start on 11 January 2021.

Shares in Lycopodium Minerals Pty Ltd (ASX:LYL) are steady at $4.71.