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Lycopodium Limited (ASX:LYL)

ALERT: Price-sensitive ASX Announcement for LYL
Current share price for LYL : $21.680 2.4 (12.45%)+
Announcement
Release
7 Aug 2026 9:27AM
Price at Release
$19.280
Full Release
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Summary
On August 7, 2026, Lycopodium Limited announced the awarding of the Engineering, Procurement, and Construction Management (EPCM) contract for the Blackwater Expanded Phase 2 Project, valued at approximately A$93 million. The Blackwater Mine, located in central British Columbia, Canada, will increase its production capacity to 21 million tonnes per annum (Mtpa) upon completion of the expansion. Lycopodium had been involved in earlier phases of the project, contributing to the feasibility study and providing initial engineering services. Early works construction and major activities are progressing well. Peter De Leo, the Managing Director and CEO of Lycopodium, expressed contentment with the continuing collaboration with Artemis Gold, highlighting the project's significance to Lycopodium's Canadian operations.
Key Points
  • Lycopodium Limited awarded EPCM contract for Blackwater Expanded Phase 2 Project.
  • Contract valued at approximately A$93 million.
  • Blackwater Mine located in central British Columbia, Canada.
  • Blackwater Mine to have a production capacity of 21 Mtpa upon expansion.
  • Lycopodium previously involved in Phase 1A and earlier EP2 development.
  • Early works and major construction activities are underway.
  • Peter De Leo, Managing Director and CEO of Lycopodium, expresses satisfaction with the ongoing partnership with Artemis Gold.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.