Osino Gold Exploration and Mining has awarded Lycopodium Limited an N$465 million (A$40 million) engineering, procurement and construction management (EPCM) services contract for the Twin Hills Project.
Lycopodium Limited is a global leader in integrated engineering, construction and asset management solutions.
The Twin Hills Project is in central Namibia within Namibia’s prospective Damara Orogenic Belt, approximately 150 kilometres northwest of the capital city of Windhoek and 20 kilometres from the local town of Karibib.
Under the scope of the contract, Lycopodium Limited is expected to start immediately, and the first gold is anticipated in Q1 2027.
The company delivered the initial Preliminary Economic Assessment (PEA) for the Twin Hills Gold project in 2021 and the Pre-feasibility Study in 2022, followed by the Definitive Feasibility Study (DFS) in 2023.
Additionally, Lycopodium has progressed with the Front End Engineering and Design (FEED) scope for the process plant over the past 12 months, including finalising the process and bulk earthwork designs and selecting the major extended lead equipment packages.
The scope includes the engineering, design, procurement, construction management and commissioning of the 5 Mtpa conventional Carbon-in-Leach (CIL) processing plant and associated non-process infrastructure.
The process plant comprises three stages of crushing and screening followed by milling and size classification, gravity recovery, a CIL circuit, carbon elution, and a gold recovery circuit.
CIL tailings will be treated in a cyanide detoxification circuit followed by thickening and pressure filtration.
The tailings filter cake will be transferred to an overland conveyor and a radial stacker at the tailings storage facility.
Lycopodium Limited’s managing director and CEO, Peter De Leo, said the Twin Hills Project is near the Navachab and Otjikoto gold mines, where the company is involved. “We therefore, have extensive expertise specific to the development of gold mines in this region and look forward to leveraging this experience, working alongside Osino in the successful delivery of Twin Hills. This award further supports our future earnings,” De Leo said.
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