Lycopodium Limited has been awarded a N$464 million (A$40 million) Engineering, Procurement and Construction Management (EPCM) contract for the development of Osino Gold Exploration and Mining’s Twin Hills Gold Project in Namibia.
The Australian-based engineering and construction firm will be responsible for the design, procurement, construction management and commissioning of a five million tonnes per annum (Mtpa) Carbon-in-Leach (CIL) gold processing plant and related infrastructure.
Lycopodium Managing Director and CEO, Peter De Leo, confirmed that work under the new contract had already commenced, with first gold production expected in the first quarter of 2027.
“We’re really pleased to be partnering with Osino to deliver this project. It is in close proximity to the producing Navachab and Otjikoto gold mines, with Lycopodium involved in both of these projects,” De Leo said.
The plant will include a three-stage crushing and screening circuit, milling, gravity recovery, a full CIL system, carbon elution and gold recovery facilities.
A cyanide detoxification system and pressure filtration will be used for tailings management, with filtered tailings transported via an overland conveyor to the storage facility.
According to De Leo, the project will also deliver broader economic benefits to Namibia through job creation and infrastructure development.
“This award further supports our future earnings. We have extensive expertise specific to the development of gold mines in this region and look forward to leveraging this experience, working alongside Osino in the successful delivery of Twin Hills,” he said.
Lycopodium previously worked with Osino on the project’s Preliminary Economic Assessment in 2021, the Pre-Feasibility Study in 2022, and the Definitive Feasibility Study in 2023.
The Twin Hills project is located in the Damara Orogenic Belt, around 150 kilometres northwest of Windhoek and 20 kilometres outside Karibib. It covers an area of over 153,000 hectares across 11 exclusive prospecting licences (EPLs) in the Erongo Region.
Construction of the mine is set to begin in the fourth quarter of 2025 and is expected to take approximately two years. Once operational, Twin Hills is anticipated to become one of Namibia’s largest gold mines.
