Australia’s Lycopodium has picked up more work with Barrick Gold, winning a US$12.5 million contract for the major’s proposed circa-$2 billion Lumwana copper expansion project in Zambia.
Lycopodium recently secured a feasibility study and basic engineering contract for Barrick’s planned Reko Diq copper-gold project in Pakistan.
Now it has started Lumwana’s FS and basic engineering. It aims to finish the study by the end of next year, with Barrick trying to increase the site’s sulphide concentrator throughput from 26-to-28 million tonnes per annum, producing 150,000t of copper, to 50Mtpa and about 240,000t of copper by 2028.
At the expanded rate, Lumwana, about 100km west of Solwezi in Zambia’s Copperbelt, is said to have a 36-year mine life.
