Lycopodium awarded EPCM contract for Nyanzaga Gold Project
Australian Securities Exchange-listed engineering firm Lycopodium has been awarded an engineering, procurement, and construction management (EPCM) contract worth approximately A$48 million (US$30.9 million) for the development of the Nyanzaga Gold Project in Tanzania.
The project is owned by Perseus Mining and is located on the northeastern flank of the Sukumaland Archaean Greenstone Belt, about 60 kilometres from Mwanza, Tanzania’s second-largest city. The EPCM contract includes the design, engineering, procurement, construction management, and commissioning of a conventional carbon-in-leach gold processing plant with a throughput capacity of five million tonnes per annum.
Non-process infrastructure
Additionally, Lycopodium will oversee the development of key non-process infrastructure, including 11kV power distribution, water supply sourced from Lake Victoria, a tailings pipeline and decant return system, and workshop and warehouse facilities.
Work under the contract will commence immediately, with first gold production expected in the first quarter of 2027. Initial mining operations will be open-pit, with the potential for underground development as the project advances.
This engagement follows Lycopodium’s earlier contributions to the Nyanzaga project, including the pre-feasibility study, definitive feasibility study, and front-end engineering and design. It also represents the third collaboration between Lycopodium and Perseus Mining, following the successful development of the Sissingué and Yaouré gold mines in Côte d’Ivoire. Lycopodium CEO Peter De Leo said the company’s deep understanding of the project and its strong working relationship with Perseus will help ensure a successful outcome for Nyanzaga’s development.
