By: Creamer media

The delivery of EPCM services will start immediately and the scope of work includes the engineering, design, procurement, construction management and commissioning of a five-million-tonne-a-year conventional carbon-in-leach processing plant and a selection of associated non-process infrastructure, including 11 kV power reticulation, water supply from Lake Victoria, tailings pipeline, decant return, workshop and warehouse.

Lycopodium previously worked on the prefeasibility and definitive feasibility studies for the project, as well as its front-end engineering design.

“Our extensive knowledge of this project and long-standing relationship with Perseus, having worked alongside them in the development and engineering support of their current operating gold mines in Africa, including Edikan, in Ghana, and Sissingué and Yaouré, in Côte d’Ivoire, ensures we are well placed to provide confidence of outcome for the successful development of Nyanzaga,” comments Lycopodium MD and CEO Peter De Leo.

Nyanzaga will initially be mined by openpit mining methods and first gold production is slated for the first quarter of 2027.

Perseus acquired Nyanzaga in 2024 and is developing the project at an estimated cost of $523-million. 

The gold miner in June said the project is expected to become its lowest-cost operation and produce between 725 000 oz and 750 000 oz of gold, at a weighted average all-in sustaining cost of between $1 230/oz and $1 330/oz, over the 2027 to 2030 period.

The mine's output is expected to account for about 28% of Perseus' targeted group production of between 2.6-million and 2.7-million ounces of gold over the five-year period to 2023.