LYL - Lycopodium Limited

[Dona Ferentes]

There was an exemption for FIFO. It will close.

 

[galumay]

There was an exemption for FIFO. It will close.

I hope you are right mate, we have Rio & South32 both using FIFOs in mines on remote Aboriginal Communities in the NT, its insanity, in many cases they are doing work that is not even actually related to mining, but the exemption for mining companies is used. The communities are outraged, the site based employees are outraged, but of course these sort of companies don't give a damn.

 

[Dona Ferentes]

...the two companies travel in lockstep, (LYL purple, MND in Blue)

noticed MND had a 10% jump today, though volume is nothing special. But then it has a bit more of a "recovery" to make up. It may be that LYL is more focused on sectors that have been less beaten up (bulk minerals and gold; not so much oil n LNG)

6 month chart, LYL in Purple, MND in Blue

 

[divs4ever]

Award of CM Contract for the Motheo Copper Project
PERTH, 11 October 2022

Lycopodium is pleased to confirm it has executed an Agreement to provide Construction Management (CM) services for Sandfire Resources’ (Sandfire) Motheo (T3) Copper Project, located in Botswana’s Kalahari Copper Belt, one of the world’s most exciting and emerging copper producing regions.
In December 2020, the Company was awarded the Engineering and Procurement (EP) services scope for the 3.2 Mtpa copper concentrate treatment plant and the associated non-process infrastructure.
This was preceded by the delivery of the Definitive Feasibility Study (DFS) and Front End Engineering and Design (FEED) for the project. Lycopodium Limited’s Managing Director, Peter De Leo, said: “Having worked alongside Sandfire through the development of this exciting project, we are extremely pleased to now be given the opportunity to continue our involvement as it moves to the construction stage.” The project, being overseen by Tshukudu Metals Botswana (Pty) Ltd, a wholly owned subsidiary of Sandfire Resources, is being delivered via Lycopodium subsidiary ADP Kukama (Pty) Ltd, which operates from Botswana, offering locally based services to the country.
Project completion is anticipated end of Q1 2023. This award further complements the current portfolio of battery metals projects being undertaken by Lycopodium in Africa and Australia.

i hold LYL ( my av. SP is $3.38 )

 

[divs4ever]

Feasibility Study and Basic Engineering Contract Award for Lumwana Copper Mine Expansion Project
PERTH, 11 December 2023
Lycopodium is pleased to announce that it has been awarded a Contract from Barrick Lumwana for the Feasibility Study and Basic Engineering for the expansion of Barrick’s Lumwana Copper Mine in Zambia.
The Feasibility Study and Basic Engineering contract is valued at approximately A$19 million, with the project having a capital cost investment of almost US$2 billion.
Work has commenced, with the accelerated development program targeting completion of the Feasibility Study by the end of 2024 and expanded process plant production anticipated in 2028.
The expansion of the mine will increase Lumwana’s annual production from 150,000 tonnes of copper at a a 26-28 Mtpa process plant production rate, to an estimated 240,000 tonnes of copper at a 50 Mtpa process plant production rate, with an estimated 36-year mine life. Lumwana is a conventional open pit (truck and shovel) operation, located about 100 kilometres west of Solwezi in Zambia’s Copperbelt, considered one of the most prospective copper regions in the world.
Lumwana ore, which is predominantly sulphide, is treated through a conventional sulphide flotation plant, producing copper concentrate. Lycopodium Limited’s Managing Director, Peter De Leo, said: “The expansion of Lumwana within Zambia’s world-class copper region supports the country’s commitment to its copper industry, and we are very pleased to have the opportunity to continue our partnership with Barrick and be part of this significant development that will have a material impact on the Zambian economy."
This engagement follows the award earlier this year of the Feasibility Study and Basic Engineering contract for Barrick’s Reko Diq Copper-Gold Project in Pakistan.

i hold LYL

 

[frugal.rock]

Looking like it's hit a top there divs

 

[divs4ever]

i reduced in April 2023 to 'free-carry' and help fund the move

my entry price was sub $3.40 will have to fall a lot or do something very special before i disturb it in my bottom drawer

 

[galumay]

I didn't buy in 2020 when it was mid $4s, sins of omission...!

 

[finicky]

I said in 2020 it was probably on the skids .. beat that

Not Held

 

[galumay]

We should start a fund together.

 

[divs4ever]

I didn't buy in 2020 when it was mid $4s, sins of omission...!

dozens of places to look ( and buy ) in 2020

decisions , decisions , decisions

now LYL looked good value , but APE was the better capital gain ( things like that )

now by 2030 LYL might be the big winner compared to APE

but who has a working crystal ball ?? ( not me )

 

[divs4ever]

We should start a fund together.

what type of fund ??

my buys in 2020 included ASW ( taken over ) , WIC ( taken oven ) several parcels of API ( taken-over ) , DOW ( up but not spectacular ) PFP ( going nicely but a predator or two lurking ) , APE ( multi-bagger ) , SXE ( @ 41.5 cents) MVB ( @ $19.50 ) ( have since sold them at a useful profit )

reduced KGN ( @ $11.25 )

but the reality is ... i missed dozens of opportunities , too many places to look and not enough $$$ in the bank ( although i was offloading 'reverse index ' ETFs to help reduce that bottle-neck

.. so much for the set and forget 'p lan when i started out

 

[galumay]

A fund run by Finicky & I, we will call it 2n20. We would make good ASX MicroCap Fund Managers, write a lot of waffling narrative about companies, pick mostly dogs and then explain why the market is wrong as we pick up our 2% on FUM.

Applications for sophisticated investors at 2n20.com.au

 

[divs4ever]

A fund run by Finicky & I, we will call it 2n20. We would make good ASX MicroCap Fund Managers, write a lot of waffling narrative about companies, pick mostly dogs and then explain why the market is wrong as we pick up our 2% on FUM.

Applications for sophisticated investors at 2n20.com.au

given the recent turn-around in the fate of some micro-cap specialists , you might be onto something , but no 'over-performance fee ' ??

try 10% and maybe start a fee war ( for extra entertainment )

 

[divs4ever]

Lycopodium Limited Half-Year Results FY2024

PERTH, 21 February 2024 Lycopodium Limited (“Lycopodium” or the “Company”) has generated revenue of $177.8 million and net profit after tax (NPAT) of $30.0 million for the six-months ended 31 December 2023 (1H FY2024).
The Company Directors have approved a fully franked interim dividend of 37 cents per share, payable on 4 April 2024.
With a strong pipeline of studies and projects in delivery, the Company remains on track to achieve the previously advised full year guidance of approximately $345 million in revenue and NPAT in the range of $46 to $50 million.
Lycopodium’s Managing Director, Peter De Leo, said: “Our results for FY2023 represented record highs for the Company, so it is extremely pleasing that we have been able to maintain this level of return going into FY2024.
The outlook for this current financial year is very positive, as we continue to deliver a portfolio of quality studies and projects for our clients around the world.
” Several projects are transitioning into the commissioning phase during Q3 and Q4 FY2024.
This includes the Kathleen Valley Lithium Project (Liontown Resources) in Western Australia, the SabodalaMassawa BIOX Expansion Project (Endeavour Mining) in Senegal, the Lafigué Project (Endeavour Mining) in Côte d’Ivoire, the Goulamina Lithium Project (Leo Lithium) in Mali and the Langer Heinrich Mine Restart Project (Paladin Energy) in Namibia.
“The past 12 months have been very busy progressing these major projects through construction into commissioning.
Currently, we directly employ more than 1,200 people and, when taking into account contractors, we are managing over 3,700 personnel working on projects across the globe,” said Mr De Leo.
Other significant projects well into construction include the Ahafo North Project (Newmont) in Ghana, the Chemical Grade Processing Plant #3 Project (Talison Lithium) in Western Australia, the Batu Hijau Expansion Project (AMMAN) in Indonesia, the Mutamba Mineral Sands Pilot Plant (Rio Tinto) in Mozambique and the Kiaka Gold Project (West African Resources) in Burkina Faso.
Work is continuing to ramp up on project briefs awarded earlier in the financial year, including the Feasibility Study and Basic Engineering for the Reko Diq Copper-Gold Project (Barrick) in Pakistan and the Engineering and Procurement scope for the Boto Gold Project (Managem Group) in Senegal.
Other projects awarded during the period include the provision of Engineering, Procurement and Construction Management services for the Baomahun Gold Project (FG Gold) in Sierra Leone and the Yanqul Copper-Gold Project (Mazoon Mining) in Oman, and the Feasibility Study and Basic Engineering for the Lumwana Copper Project (Barrick) in Zambia.
In Industrial Processes, the Company completed the detailed design in December for CSL Seqirus’ world-class influenza vaccine manufacturing facility being built in Melbourne.
Construction is progressing, with the facility becoming operational in 2026.
Other major projects that are ongoing include delivery of the detailed design scope for the construction of a new manufacturing facility at the Nutrien Ag Solutions site in western Melbourne and undertaking the detailed design for Pilbara Minerals’ Midstream Project, encompassing the development of a midstream demonstration plant to produce value-added lithium at the Pilgangoora Operation in Western Australia.
The Company’s Rail Infrastructure business continues to provide design, engineering, technical advisory and Rail Infrastructure Management (RIM) services for greenfield and brownfield rail projects across Australia.
The ARTC’s Southern Highlands Overtaking Opportunities Detailed Design package, to improve the efficiency of freight and passenger services between Sydney and Melbourne, has been a significant scope of work over the past 18 months, with early construction works having commenced.

In July 2023 Lycopodium was awarded a three-year contract to conduct rail infrastructure inspections at all 57 Pacific National sites Australia wide. As part of the contract, Lycopodium will also undertake engineering and system enhancements targeting asset management and reliability improvements.
Reflecting the significant number of projects currently in delivery, controlled manhours have steadily grown over the past 12 months, being 14.1 million for the rolling 12 months to January 2024, compared to 8.2 million for FY2023.
Pleasingly, with the increased onsite activity the Company has maintained its excellent safety record, reporting a Lost Time Injury Frequency Rate (LTIFR) of 0.1 and a Total Recordable Injury Frequency Rate (TRIFR) of 1.2 for the rolling 12 month period to end of January 2024.
Other key highlights during the first half of FY2024 include the release of Lycopodium’s inaugural Sustainability Report in November 2023 and the opening of an office in Lima, Peru, in December 2023.
“The opening of our new office in Lima represents a significant milestone in the strategic growth of our business in the Americas.
The project and study workload for our Lima operations will be generated from our rapidly growing Toronto office.
In time, as the Lima team establishes itself, the office will provide a springboard to pursue additional work in the Latin American region, that being a marketplace which currently contributes a significant percentage of the world’s gold and copper supplies, amongst other commodities,” said Mr De Leo.

For further information Peter De Leo Managing Director, Lycopodium Limited Telephone: +61 8 6210 5222


i hold LYL ( 'free-carried' )

there was a time when i thought i had made a bad investment here , am glad to have been proven wrong

 

[finicky]

FY24 Results
Now this one is down almost -12% on results like this?
Has had a soaring chart I guess. Probably a short retrace.
42% ROE! Book value at FY23 was $2.88, so higher now.

Not held