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Lycopodium Limited ( (AU:LYL) ) just unveiled an announcement.
Lycopodium Limited has secured a contract for the Definitive Feasibility Study for the hydrogen sulphide plant design engineering as part of the Kalgoorlie Nickel Project’s Goongarrie Hub development. The project involves developing a significant nickel-cobalt resource in Western Australia, contributing to the energy transition to renewables, and is expected to be one of Australia’s largest nickel-cobalt producers. The DFS is scheduled for completion in late 2025, with Lycopodium responsible for a capital cost estimate and plant design, crucial for producing materials used in lithium-ion batteries.
More about Lycopodium Limited
Lycopodium Limited is a leading company in engineering, construction, and asset management solutions, offering expertise in complex, multidisciplinary projects. It operates across the resources, rail infrastructure, and industrial processes sectors, providing bespoke and innovative solutions globally with offices in Australia, South Africa, Canada, Peru, Ghana, and the Philippines.
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $277.4M
Learn more about LYL stock on TipRanks’ Stock Analysis page.
