Lycopodium Limited

ABN 83 098 556 159

Level 5, 1 Adelaide Terrace

East Perth, Western Australia 6004 Australia

PO Box 6832

East Perth, Western Australia 6892 Australia

T: +61 (0) 8 6210 5222

www.lycopodium.com.au

ASX RELEASE 03 August 2016 AWARD OF MAKO PROJECT EPC CONTRACT

Lycopodium is pleased to announce the award of the contract for the delivery of the Mako Project gold processing plant and certain other facilities in Senegal from Toro Gold Ltd (Toro).

Contract revenue is expected to be $68.5 million with $57.6 million expected to report to FY 17.

This award sees the continuation of our association with Toro, following the successful completion of the pre-feasibility and definitive feasibility studies for the Project.

Lycopodium is grateful for the confidence shown by Toro in awarding the delivery of their first Project and extends our thanks for this opportunity.

For further information:

Peter De Leo Managing Director Lycopodium Limited

T: +61 8 6210 5222

F: +61 8 6210 5201

E: limited@lycopodium.com.au

Lycopodium Limited published this content on 03 August 2016 and is solely responsible for the information contained herein.
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