Australia's Lycopodium set for best day in 2-1/2 months on securing contract

Lycopodium

10/11/2022 02:50

** Shares of engineering consulting firm Lycopodium  LYL.AX 
surge as much as 10% to A$7.150, on track for their best day
since Aug 24, if gains hold  
    ** Co says it executed contracts to provide engineering and
procurement services for London-listed Endeavour Mining's
 EDV.L  Lafigue Project in Ivory Coast     urn:newsml:reuters.com:*:nASX53pjYZ
    ** Says combined value of the services is approximately A$40
mln ($25.65 mln), with first gold pour anticipated mid-2024
    ** Stock hits highest since Sept 23 
    ** Lycopodium stock up 29.2% this year, as of last close 
     ($1 = 1.5593 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))