Key points
- Lycopodium awarded EP services contract for Assafou Gold Project
- Contract valued at approximately A$42.9 million
- Project contingent on Endeavour's final investment decision
Full summary
Lycopodium Limited, a global leader in integrated engineering, project, construction, and asset management, has been awarded the Engineering and Procurement (EP) services contract for the development of Endeavour Mining's Assafou Gold Project in Côte d'Ivoire. The contract, valued at approximately A$42.9 million, involves the delivery of engineering and procurement services for a 5.0 Mtpa carbon-in-leach (CIL) processing plant and associated non-process infrastructure. The Assafou deposit, located in the highly prospective Birimian and Tarkwaian geological belts, is considered one of the most significant discoveries in West Africa over the past decade. Lycopodium has a longstanding relationship with Endeavour, having delivered more than five major capital projects over the past 12 years, including the Pre-Feasibility Study (PFS) and Definitive Feasibility Study (DFS) for the Assafou Project. Early works, engineering, and design activities are progressing under the EP contract awarded to Lycopodium. Continued execution of the contract and advancement to full project implementation remain contingent upon Endeavour's final investment decision, expected before year-end 2026.
Guidance
Contract value: A$42.9 million; pending final investment decision
Outlook
The project's advancement to full implementation is contingent on Endeavour's final investment decision, expected before year-end 2026.