• Lycopodium awarded EPCM contract for Perseus Mining's Nyanzaga Gold Project in Tanzania
• Contract valued at approximately A$48 million, with delivery commencing immediately
• First gold production anticipated in Q1 CY 2027
• Builds on Lycopodium's previous involvement in the project, including feasibility studies

Lycopodium Limited ('ASX: LYL', 'Lycopodium' or 'the Company'), a global leader in integrated engineering, project, construction and asset management, has been awarded the Engineering, Procurement and Construction Management (EPCM) contract for the development of Perseus Mining's Nyanzaga Gold Project in Tanzania. The contract is valued at approximately A$48 million, with delivery of EPCM services commencing immediately. The project is located in north-western Tanzania, approximately 60 kilometres from Mwanza, Tanzania's second largest city. Lycopodium's EPCM scope includes the engineering, design, procurement, construction management and commissioning of the 5 Mtpa conventional carbon-in-leach (CIL) processing plant and a selection of associated non-process infrastructure. The deposit will initially be mined by open pit mining methods and offers future scalability for both open pit as well as underground mining operations. Award of the Nyanzaga EPCM to Lycopodium is the third major project partnership with Perseus, built on the successful development of the Sissingué and Yaouré gold mines. It also builds upon Lycopodium's early involvement in the Nyanzaga Project, including the Pre-Feasibility Study, Definitive Feasibility Study, and the most recently completed Front End Engineering and Design.

First gold production from the Nyanzaga Gold Project is anticipated in Q1 CY 2027.