R/€ = 16.18 Change: 0.13
R/$ = 14.23 Change: 0.12
Au 1410.75 $/oz Change: -22.56
Pt 816.86 $/oz Change: 3.85
 
 
R/€ = 16.18 Change: 0.13
R/$ = 14.23 Change: 0.12
Au 1410.75 $/oz Change: -22.56
Pt 816.86 $/oz Change: 3.85
 
 
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Lycopodium wins another Perseus contract

10th January 2019 BY: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Gold miner Perseus Mining has awarded ASX-listed Lycopodium the engineering and supply contract for its Yaouré gold project, in Côte d’Ivoire.

Lycopodium told shareholders on Thursday that the contract is expected to generate some $95.1-million in revenue.

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The contract award was an extension of Lycopodium’s association with Perseus, following the delivery of the Sissingue gold project, and the completion of the definitive feasibility study and the front-end engineering and design for Yaouré.

The contract award was subject to the finalization of formal documentation, as well as full project funding and the receipt of a mining permit.

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Yaouré is expected to cost $262.7-million to develop, and will produce 215 000 oz/y over its first five years of operations.

The project would comprise two adjacent openpit operations, with ore also expected to be sourced from three pre-existing heap leach pads close to the run-of-mine pad.

The ore would be transported to an adjacent processing plant, with tailings from the plant to be stored in a single facility to the south of the process plant. The plant would process at a nominal rate of 3.3-million tonnes a year. 

EDITED BY: Creamer Media Reporter
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