Lycopodium Awarded AU$6 Million Early Works Agreement for Ausgold's Western Australia Gold Project
MT Newswires Live
Jul 07
Lycopodium (ASX:LYL) has been selected as the preferred engineering, procurement, and construction contractor for the development of Ausgold's (ASX:AUC) Katanning gold project in Western Australia, according to a Tuesday filing with the Australian bourse.
Lycopodium has secured an early works agreement valued at about AU$6 million to start detailed engineering activities at Katanning.
The final investment decision for the project is planned by the end of this year, with first gold production forecast in mid-2028, per the filing.
Lycopodium shares gained 1% in recent Tuesday trade, while Ausgold shed nearly 4%.
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