Australia's Lycopodium rises on expansion project in Senegal

Lycopodium

23/09/2022 03:52

** Shares of Australia's Lycopodium Ltd  LYL.AX  rise as
much as 6.2% to A$7.20 - on track to see best day since Aug. 24
if gains hold
    ** Stock hits highest since Sept. 16
    ** Engineering consulting firm has been awarded an expansion
contract for Sabodala-Massawa project in Senegal to process
high-grade refractory ores  urn:newsml:reuters.com:*:nASX7b8g7F
    ** Contract valued at over A$26 mln ($17.2 mln), with first
gold pour expected in early 2024
    ** LYL is up 34.8% YTD as of last close
 
 ($1 = A$1.5081)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))