• Lycopodium awarded Engineering and Procurement (EP) and Construction Management (CM) contracts for Kone Gold Project in Cote d'Ivoire
• Project to be one of the largest greenfield gold processing plants in West Africa
• Lycopodium's scope valued at A$56.7 million, includes engineering, design, procurement, construction management and commissioning

Lycopodium Limited has been awarded the Engineering and Procurement (EP) and Construction Management (CM) contracts for the development of Montage Gold's flagship Kone Gold Project in Cote d'Ivoire. The project, which will be one of the largest greenfield gold processing plants in West Africa, is located approximately 350 kilometres north-west of Yamoussoukro, the political capital of Cote d'Ivoire, and approximately 600 kilometres north-west of Abidjan, the commercial capital of the country. It is ideally situated near existing infrastructure and is accessible year-round via asphalt road and has access to ample water resources. The project is fully funded, with an initial project capital cost in the order of US$835 million. Lycopodium's scope, valued at A$56.7 million, includes the engineering, design, procurement, construction management and commissioning of the 11.0 Mtpa carbon-in-leach process plant and process related infrastructure, including plant workshops, plant offices, event ponds and associated plant water infrastructure. The plant design includes crushing, screening, high pressure grinding rolls (HPGR), grinding and classification, pre-leach and tailings thickening, carbon in leach (CIL) circuit, carbon recovery and acid wash, carbon elution, electrowinning trains and smelting.

The Kone Gold Project is expected to produce 300,000 ounces of gold annually in its first eight years of operation, with production anticipated to commence in early 2027 and an estimated mine life of 16 years.