Lycopodium Restricted, a worldwide chief in built-in engineering, development and asset administration options, not too long ago introduced the profitable award of the Engineering, Procurement and Building Administration (EPCM) Companies contract for the event of Osino Gold Exploration and Mining (Pty) Ltd’s Twin Hills Gold Undertaking in Namibia.
The scope underneath the contract is valued at roughly A$40 million, with supply commencing instantly and first gold anticipated Q1 2027. The venture is situated in central Namibia inside Namibia’s potential Damara Orogenic Belt, roughly 150 km northwest of the capital metropolis of Windhoek and 20 km from the native city of Karibib.
Having delivered the preliminary Preliminary Financial Evaluation (PEA) for the venture in 2021, Lycopodium additionally delivered the Pre-feasibility Research (PFS) in 2022, adopted by the Definitive Feasibility
Research (DFS) in 2023.
Moreover, Lycopodium has been progressing the Entrance Finish Engineering and Design (FEED) scope
for the method plant over the previous 12 months, together with finalising the method and bulk earthwork
designs and the choice of the foremost lengthy lead gear packages. The corporate is nicely superior
on this work.
The scope contains the engineering, design, procurement, development administration and commissioning of the 5 Mt/y standard Carbon-in-Leach (CIL) processing plant and related
non-process infrastructure. The method plant includes of three phases of crushing and screening
adopted by milling and dimension classification, gravity restoration, a CIL circuit, carbon elution, and a gold
restoration circuit. CIL tailings will likely be handled in a cyanide cleansing circuit adopted by thickening
and stress filtration. Tailings filter cake will likely be transferred to an overland conveyor and a radial
stacker on the tailings storage facility.
Lycopodium Restricted’s Managing Director and CEO, Peter De Leo, mentioned: “We’re actually happy to be
partnering with Osino to ship this venture. It’s in shut proximity to the manufacturing Navachab and
Otjikoto gold mines, with Lycopodium concerned in each of those initiatives. We subsequently have intensive
experience particular to the event of gold mines on this area and look ahead to leveraging this
expertise, working alongside Osino within the profitable supply of Twin Hills. This award additional helps our future earnings.”
