Australia's Lycopodium hits record high after bagging $35 million contract

By Reuters News

** Construction firm Lycopodium's LYL.AX shares rise as much as 4.2% to record high of A$23.62

** Stock set for best session since August 31, if current trend holds

** Company awarded A$49.4 million $35.19 million) contract for Greatland Resources' GGP.AX Havieron gold-copper project in Western Australia

** Contract to lead pre-production phase at the Havieron project, Lycopodium says

** Havieron is a high-grade underground gold-copper project that Greatland is developing into a future mining operation

** YTD, Lycopodium stock up 66.8%


($1 = 1.4039 Australian dollars)

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