Lycopodium

What Lycopodium does

Lycopodium (ASX: LYL) is a global, ASX-listed engineering consultancy founded in 1992 and headquartered in East Perth, Western Australia. The firm delivers integrated engineering, procurement, construction management (EPCM) and engineering, procurement and construction (EPC) services across the full project lifecycle — from concept and feasibility through detailed engineering, procurement, construction, commissioning, and asset management. It serves enterprise clients in resources (precious metals, base metals, battery metals, diamonds, bulk commodities), industrial processes (chemicals, pharmaceuticals, food and beverage, manufacturing), and infrastructure (rail, roads, bridges, ports, buildings). The company operates in seven countries with a named client base that includes Perseus Mining, First Quantum Minerals, Newmont Goldcorp, Solvay Interox and Aurizon.

Its core technical capabilities are organised around multidisciplinary engineering and process know-how: feasibility and advisory work, process flowsheet identification and optimisation, FEED and detailed design, project management and controls, construction management, commissioning and operations support, asset management and performance improvement, and modular/pre-engineered solutions including re-locatable modular plants and dry mining units. Process engineering, flowsheet design and modular packaging are highlighted as proprietary differentiators, complemented by a registered in-house invention, the LycoVent portable ventilator, developed in collaboration with ECG Engineering and Alloytech. Delivery is executed through the parent brand plus three affiliated entities: wholly-owned SAXUM (multi-disciplinary engineering in South America/USA/Australia), wholly-owned Orway Mineral Consultants (comminution, beneficiation and hydrometallurgy in Australia/North America), and Mondium, an EPC joint venture with Monadelphous.

Lycopodium monetises almost exclusively through project-based professional services revenue: fee-for-service EPCM/EPC contracts for process plant and industrial facility projects, plus studies, advisory, asset management and modular/pre-engineered solution packages. There are no published pricing tiers; fees are negotiated based on scope, complexity and duration. As of the most recent disclosure, the firm reports A$415 million in committed contract backlog, a A$1.3 billion pipeline, and 421 global projects, 1,814 studies and 52 commodities covered across its portfolio. Marketing is referral- and reputation-driven through case studies, industry conference participation and direct enterprise business development rather than digital demand generation.

Name

Lycopodium

Legal name

Lycopodium Limited

Website

https://lycopodium.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Lycopodium is an ASX-listed global engineering consultancy delivering integrated EPCM/EPC services across the full project lifecycle for mining, industrial process and infrastructure clients. It serves enterprise resource developers and operators across gold, copper, battery metals, diamonds and industrial chemicals worldwide.

Ownership category

akta.pro rank

Product category

Engineering Consulting and EPCM Services

NAICS

Engineering Services (541330), Architectural, Engineering, and Related Services (5413), Management Consulting Services (54161)

SIC

Oil & Gas Field Machinery & Equipment (3533), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)

akta.pro secondary industries

Modular/Offsite General Contracting & Installation (IMAFAAAK), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs) (BPAIALAJ)

Keywords

• Engineering consulting services
• EPCM project delivery
• Mineral processing engineering
• Feasibility study advisory
• Construction management services

Headquarters

HQ city

East Perth

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Professional Services (EPCM/EPC): Lycopodium generates revenue primarily through fee-for-service engineering, procurement, construction management and construction delivery contracts for process plant and industrial facility projects. Revenue is derived from feasibility studies, front-end engineering design, detailed engineering, project management, construction management, commissioning, and asset management engagements. Project sizes range from small-scope studies to large multidisciplinary construction projects, with a A$415 million committed contract book and A$1.3 billion pipeline reported.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Lycopodium is a consulting firm that delivers integrated engineering, procurement and construction management (EPCM) and engineering, procurement and construction (EPC) services to the global resources, industrial processes and infrastructure sectors. Core deliverables include feasibility studies, process development and optimisation, detailed multidisciplinary engineering design, project and construction management, commissioning, and asset management. Projects span process plant and industrial facility developments from concept through to operational handover.

Product overview

Lycopodium is a global engineering consultancy offering integrated services across resources, industrial processes, and infrastructure sectors. The core offering consists of engineering and project management services spanning feasibility studies, process development, engineering design, project management, construction management, commissioning, and asset management. The company operates through its core Lycopodium brand supplemented by subsidiary and affiliated brands including SAXUM (multi-disciplinary engineering), Orway Mineral Consultants (mineral processing consulting), and Mondium (EPC joint venture with Monadelphous). Services are delivered through flexible EPC and EPCM delivery models tailored to client needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Lycopodium Engineering Services (EPCM/EPC)
• Feasibility Studies and Advisory
• Process Development and Optimisation
• Engineering and Design
• Project Management and Project Controls
• Construction Management
• Commissioning and Operations Support
• Asset Management
• Modular and Pre-Engineered Solutions
• Mineral Processing Equipment
• SAXUM (multi-disciplinary engineering services)
• Orway Mineral Consultants (OMC)
• Mondium (EPC joint venture with Monadelphous)
• LycoVent Portable Ventilator

Quantifiable outcome

• A$1.3 billion project pipeline and A$415 million committed contract book
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Scandium International Mining Corp. / EMC Metals AustraliaminorStrategic or Co-development Partner · 16 June 2026Lycopodium Limited was engaged by Scandium International Mining's wholly-owned subsidiary EMC Metals Australia to conduct an update to the Definitive Feasibility Study for the Nyngan Scandium Project in New South Wales, Australia. The DFS update reflects updated capital and operational costs following the grant of the Mining License in October 2025.
• Endeavour Mining plcminorStrategic or Co-development Partner · 23 April 2026Lycopodium was engaged as a technical partner contributing to Endeavour Mining's Definitive Feasibility Study for the Assafou gold project in Côte d'Ivoire. The DFS confirmed robust economics with production of 320kozpa at AISC of $1,026/oz and an after-tax NPV of $2.1bn.
• Aya Gold & Silver Ltd.minorStrategic or Co-development Partner · 16 March 2026Lycopodium Minerals Canada was engaged as a technical firm alongside SRK Consulting, SGS Canada, Epoch Resources, and SLR Consulting for the feasibility study of Aya Gold & Silver's Boumadine polymetallic project in Morocco's Errachidia Province. The study targets completion by H2 2027 for an 11-year mine operation.
• Laramide Resources Ltd.minorStrategic or Co-development Partner · 26 February 2026Lycopodium Limited was engaged to update the Preliminary Economic Assessment for Laramide Resources' Westmoreland Uranium Project in Queensland, Australia. The updated PEA will incorporate higher long-term uranium pricing assumptions, revised capital and operating costs, and an expanded resource base of 48.1M lbs U3O8 (Indicated) and 17.7M lbs U3O8 (Inferred).
• ValOre Metals Corp.minorStrategic or Co-development Partner · 9 February 2026Lycopodium was engaged as lead engineering consultant for ValOre Metals' 2.2 million ounce Pedra Branca platinum group elements project in Brazil. Lycopodium is partnering with the University of Cape Town's Centre for Minerals Research for metallurgical test work to establish optimal processing routes for the project targeting 150,000-200,000 oz annually over a 10-15 year mine life.
• Minerals Development Oman (Mazoon Mining)minorStrategic or Co-development Partner · 1 November 2024Lycopodium was engaged as an EPCM contractor alongside STRABAG Oman, Metso, and ONEIC for the Mazoon Copper Project in Oman — a $400 million copper mining investment in Yanqul, Al Dhahirah Governorate. Lycopodium provides engineering, procurement and construction management services for what is Oman's largest copper concentrator project.
• Mondium (Joint Venture with Monadelphoth)coreStrategic or Co-development PartnerMondium is a jointly owned entity (with Monadelphous Group) providing multidisciplinary engineering, procurement and construction (EPC) services with broad experience in the design and construction of mineral processing projects and related infrastructure. It is a core part of the Lycopodium group's delivery capability.
• SAXUMcoreStrategic or Co-development PartnerSAXUM is a related business within the Lycopodium group, operating with offices in South America, USA and Australia. It provides multi-disciplinary engineering and project management services to Mineral Processing, Cement & Lime, Manufacturing & Infrastructure and Oil & Gas sectors.
• Orway Mineral Consultants (OMC)coreStrategic or Co-development PartnerOrway Mineral Consultants operates across comminution, Beneficiation and hydrometallurgy, providing process design, optimisations, commissioning, technical auditing, project reporting and training solutions for mineral processing companies in Australia and North America.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Worley Limited: ASX-listed global EPCM firm (ASX: WOR) delivering engineering, procurement and construction management services to the energy, chemicals and resources sectors. Closest large-cap peer to Lycopodium given shared EPCM model, mining/resources exposure and Australian listing.
• Monadelphous Group: ASX-listed engineering and construction firm (ASX: MND) and 50/50 JV partner in Mondium. Comparable in mining/resources and industrial engineering exposure and operates the EPC delivery vehicle that complements Lycopodium's EPCM business.
• Ausenco: Private global engineering and project management firm focused on minerals processing, infrastructure and environment. Highly comparable to Lycopodium given the parallel focus on mining process plant design and EPCM delivery for gold, copper and base metals projects.
• Hatch Ltd: Private Canadian global engineering and project implementation firm with deep mining, metals and energy practices. Comparable on multidisciplinary EPCM for mineral processing plants and on the global, multi-commodity resource engineering model.
• Sedgman (NRW Holdings): Minerals processing engineering and construction firm, now part of NRW Holdings (ASX: NWH). Directly comparable on EPCM/EPC delivery for coal, iron ore, gold and base metals processing plants in Australia and abroad.

Broad incumbents

• Wood Group: LSE-listed global consulting and engineering firm (Wood plc) with significant mining, minerals, metals and process industries exposure. Comparable as a broader incumbent in the same engineering services space, but operates at substantially larger scale across many end markets.
• CIMIC Group: ASX-listed (ASX: CIM) large diversified engineering, construction and services group. Comparable as a broader incumbent in Australian infrastructure and resources engineering, though substantially larger and more infrastructure-weighted than Lycopodium.
• Downer EDI: ASX-listed (ASX: DOW) integrated services provider with engineering, infrastructure and mining services. Overlaps with Lycopodium in transport infrastructure and minerals processing engineering (parent of Mineral Technologies) but is much broader in scope.

Emerging players

• Macmahon Holdings: ASX-listed mining services contractor (ASX: MAH) providing surface mining, underground mining and engineering services to the resources sector. Adjacent peer given shared mining-services customer base, though focused on contract mining rather than EPCM design.
• Mineral Technologies: Minerals processing equipment and services provider (subsidiary of Downer EDI) specialising in gravity, magnetic and electrostatic separation. Comparable given shared mineral processing domain expertise and customer overlap, though more equipment-focused than EPCM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lycopodium
• Xx.com/lycopodium

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lycopodium