FG Gold Awards Engineering, Procurement and Construction Management (EPCM) Contract to Lycopodium Minerals Canada Ltd.

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January 10, 2023 – Freetown, Sierra Leone – FG Gold Limited (“FG Gold”) is pleased to announce it has awarded the EPCM contract for the process plant and associated non-process infrastructure for FG Gold’s Baomahun Gold Project (“Baomahun” or the “Project”) to Lycopodium Minerals Canada Ltd. (“Lycopodium”)

Lycopodium is expected to commence work in Q1 2024 and will provide EPCM services for the Project, including detailed engineering, procurement of equipment and materials, and construction management, preoperational testing, and commissioning services. Lycopodium has been involved with the Project since 2021, delivering, in conjunction with FG Gold, the Definitive Feasibility Study (“DFS”) in December 2022 and the Front End Engineering Design (“FEED”) in May 2023.

“We are very pleased to have this opportunity to continue to work with FG Gold in the development of Baomahun project, which will be Sierra Leone’s first large-scale commercial gold mine,” said Sohail Samdani, President of Lycopodium Minerals Canada Limited.

As part of the agreement with FG Gold, Lycopodium will set up an entity in Sierra Leone making it a direct contributor to the social and economic growth of the country through job creation, and skills training and development.

Oliver Andrews, Executive Chairman, stated

“We are pleased to continue our partnership with Lycopodium. Our work with engineering leader, Lycopodium, demonstrates our commitment to developing Baomahun into a world-class asset. Execution of the EPCM contract is a tremendous achievement for the Project and will allow us to ramp up construction of key infrastructure as we continue on the path of reaching first gold pour.”

About Lycopodium Minerals Canada Ltd.

Lycopodium Minerals Canada Ltd. is a subsidiary of Lycopodium Limited. Lycopodium Limited is an Australian headquartered, global engineering and project delivery organisation providing specialist services across the resources, infrastructure, and industrial processes sectors. Lycopodium has extensive experience in gold mineral processing across West Africa and most recently has worked on West African Resources’ Kiaka Gold Project in Burkina Faso, Endeavour Mining’s Lafigué Project in Côte d’Ivoire and Sabodala-Massawa Expansion Project in Senegal, Orezone Gold Corporation’s Bomboré Project in Burkina Faso and Roxgold’s Séguéla Gold Project in Côte d’Ivoire.

About FG Gold Limited

FG Gold is a gold development company focused on constructing and operating the Baomahun Gold Project located in Sierra Leone. Baomahun is one of the largest deposits under development in Africa and will become Sierra Leone’s first large scale commercial gold mine. Upon operations, the Project is expected to deliver an average gold production of ~147,000 ounces over a 12.5-year mine life peaking at 234,000 ounces.


For further information, please contact:

Head of Corporate Finance & Corporate Development:          Nicola Asgill | nicola.asgill@fg-gold.com