Lycopodium Secures AU$22 Million Engineering Cantract Pilangoora Expansion
Lycopodium Limited (ASX: LYL) has secured a detailed engineering services contract valued at approximately AU$22 million from Pilgangoora Operations Pty Ltd, a subsidiary of PLS Group Limited. The engagement covers the design of the wet plant for the proposed P2000 Expansion Project at the Pilgangoora lithium operation in Western Australia. Work has started immediately after Lycopodium previously completed the front-end engineering design for the project.
The proposed expansion is designed to lift Pilgangoora’s lithium spodumene concentrate production capacity to around 2 million tonnes per annum through the construction of a new processing plant and crushing circuit. Final development remains subject to a final investment decision by the PLS Board. Lycopodium’s management stated that the latest contract strengthens its long-standing partnership with PLS and reinforces its role in supporting major projects linked to the global energy transition.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Lycopodium Secures AU$22 Million Engineering Cantract Pilangoora Expansion
Lycopodium Limited (ASX: LYL) has secured a detailed engineering services contract valued at approximately AU$22 million from Pilgangoora Operations Pty Ltd, a subsidiary of PLS Group Limited. The engagement covers the design of the wet plant for the proposed P2000 Expansion Project at the Pilgangoora lithium operation in Western Australia. Work has started immediately after Lycopodium previously completed the front-end engineering design for the project.
The proposed expansion is designed to lift Pilgangoora’s lithium spodumene concentrate production capacity to around 2 million tonnes per annum through the construction of a new processing plant and crushing circuit. Final development remains subject to a final investment decision by the PLS Board. Lycopodium’s management stated that the latest contract strengthens its long-standing partnership with PLS and reinforces its role in supporting major projects linked to the global energy transition.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au