Lycopodium Takes Delivery Role at Greatland’s Havieron Gold Project

A$49.4 Million Havieron Contract Awarded

Lycopodium Limited (ASX:LYL) has added a A$49.4 million contract to its project pipeline after being appointed engineering, procurement and construction management (EPCM) partner for Greatland Resources Limited’s (ASX:GGP) Havieron project in Western Australia.

The award covers the preproduction delivery phase of the underground gold-copper project, positioning Lycopodium as the project delivery partner responsible for coordinating the work needed to move Havieron towards production. Delivery has already commenced after Greatland issued a Limited Notice of Award in early June 2026.

Engineering and Construction Scope

Lycopodium’s responsibilities span project management, engineering and procurement, coordination of trade contractors and suppliers, project controls, and construction and commissioning management where required. That breadth gives the contract operational significance beyond a standalone design assignment, although the announcement does not disclose its duration, margin profile or expected contribution to revenue and profit.

Havieron Built Around Telfer Infrastructure

Havieron is located in the Paterson Province of Western Australia’s East Pilbara region, about 45 kilometres east of Greatland’s Telfer gold-copper mine. Greatland plans to use Telfer’s existing processing facility and related infrastructure for Havieron ore, with Telfer comprising two processing trains, each capable of handling 10 million tonnes per annum.

Lycopodium managing director and chief executive Peter De Leo said the company was pleased to support Greatland’s Telfer Hub strategy and leverage the existing facilities at Telfer. The announcement describes Havieron as a high-grade underground gold project, but provides no new production guidance, development timetable or capital estimate for the mine.

Contract Value Versus Earnings Visibility

The headline value is clear; the earnings profile is not. Investors still lack detail on the timing of revenue recognition, payment arrangements, delivery milestones and the extent to which the award changes Lycopodium’s existing outlook. The next useful markers will be project execution progress and any further disclosure on Havieron’s schedule, capital requirements or production expectations.