Lycopodium Limited, a global leader in integrated engineering, construction and asset management solutions, recently announced the successful award of the Engineering, Procurement and Construction Management (EPCM) Services contract for the development of Osino Gold Exploration and Mining (Pty) Ltd’s Twin Hills Gold Project in Namibia.
The scope under the contract is valued at approximately A$40 million, with delivery commencing immediately and first gold anticipated Q1 2027. The project is located in central Namibia within Namibia’s prospective Damara Orogenic Belt, approximately 150 km northwest of the capital city of Windhoek and 20 km from the local town of Karibib.
Having delivered the initial Preliminary Economic Assessment (PEA) for the project in 2021, Lycopodium also delivered the Pre-feasibility Study (PFS) in 2022, followed by the Definitive Feasibility
Study (DFS) in 2023.
Additionally, Lycopodium has been progressing 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 the selection of the major long lead equipment packages. The company is well advanced
in this work.
The scope includes the engineering, design, procurement, construction management and commissioning of the 5 Mt/y conventional Carbon-in-Leach (CIL) processing plant and associated
non-process infrastructure. The process plant comprises of 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. 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: “We’re really pleased to be
partnering with Osino to deliver this project. It is in close proximity to the producing Navachab and
Otjikoto gold mines, with Lycopodium involved in both of these projects. 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.”
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