Gold-focused Perseus Mining has chosen Lycopodium to supply engineering and supply works at the Yaour gold project in Cte dIvoire, West Africa.
The $US95.1 million ($132.3 million) deal extends the two companies working relationship. Lycopodium has already delivered the Yaour projects definitive feasibility study (DFS) completed in November last year and front end engineering and design (FEED).
In addition, the engineering company also collaborated with Perseus at its Sissingu gold project (also in Cte dIvoire) after being awarded a $38.4 million contract in August 2016.
The Yaour contract is subject to finalisation of the contract documentation, full funding and receipt of mining permit, according to Lycopodium managing director Peter De Leo.
Western Australia-based Perseus Mining is dual listed on the Australian (ASX) and Canadian (TSX) stock exchanges. The company owns gold projects in Ghana and Cte dIvoire.
The in-development Yaour project, which is budgeted to cost just under $263 million, hosts a JORC-compliant ore reserve of 26.8 million tonnes at an average 1.76 grams per tonne of contained gold, translating to 1.52 million ounces of gold overall.
Perseus anticipates annual production of 215,000 ounces over the first five years of Yaours estimated 8.5-year mine life at an all-in sustaining cost of $US734 per ounce.
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