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Lake Victoria Gold Receives Tanzania Mining Commission Approval for Tanzanian-Led Epcm Structure At Imwelo Gold Project
Lake Victoria Gold received Tanzania Mining Commission approval for a Tanzanian-led engineering, procurement and construction management team at its fully permitted Imwelo Gold Project, consolidating development workstreams under a single delivery framework as the Company advances toward construction. Lake Victoria Gold received Tanzania Mining Commission approval on June 29, 2026 for an integrated engineering, procurement and construction management (EPCM) structure at its fully permitted Imwelo Gold Project, structured under the country’s Mining (Local Content) Regulations, 2018. City Engineering Company Ltd., a 100% Tanzanian-owned engineering and environmental services firm, was appointed primary EPCM contractor and commercial lead, with Sutton Consulting International Limited serving as international technical-support partner. The approved structure consolidates engineering and development workstreams already underway at Imwelo, coordinating final detailed engineering, procurement planning, infrastructure design, mine planning support and construction preparation under a single Tanzanian-led framework. Project advancement continues alongside financing activities, including the previously announced gold loan facility term sheet of up to approximately USD 25 million with Monetary Metals & Co., which remains subject to conditions and required regulatory approvals. Lake Victoria Gold’s wholly owned Tanzanian subsidiary, Tembo Gold (T) Limited, holds Mining Licence ML 538/2015 over the fully permitted Imwelo Gold Project. The Company has now formalized the appointment of City Engineering Company Ltd. as primary Engineering, Procurement and Construction Management contractor, working in association with Sutton Consulting International Limited as international technical-support partner. The appointment received approval from the Mining Commission on June 29, 2026 and is structured in accordance with Tanzania’s Mining (Local Content) Regulations, 2018. The approved EPCM structure brings engineering and development workstreams already underway at Imwelo together under a single, Tanzanian-led project delivery framework. The EPCM structure combines established Tanzanian engineering and environmental capability with international technical review. CECL is a 100% Tanzanian-owned engineering and environmental services company registered with Tanzania’s National Environment Management Council, Engineers Registration Board and the Department of Water Resources. Its capabilities span geotechnical investigation, tailings storage facility and dam design, hydrology and hydrogeology modelling, environmental impact assessment support, water treatment design and independent project management. Sutton, a multi-disciplinary mining and engineering consultancy and member of the Sutton Global Group, brings experience developing and operating gold and multi-commodity projects across Africa, including process plant design, tailings and dam engineering, geotechnical and environmental services, mine planning and EPCM project management. Under the structure, CECL leads project delivery and holds the primary contractual relationship as a qualifying Indigenous Tanzanian Company, providing the majority of project management, procurement and construction supervision through Tanzanian nationals, while Sutton provides specialist international engineering and technical review as sub-consultant, supported by an embedded knowledge-transfer programme consistent with Regulation 26 of the Mining (Local Content) Regulations, 2018. Key development workstreams are advancing in parallel, including tailings and water infrastructure design, geotechnical and hydrogeological studies, process plant optimization, procurement support and construction quality assurance. The Company has framed the model as one designed to deliver more than engineering services alone, aiming to strengthen local engineering capability, expand opportunities for Tanzanian professionals and suppliers, and facilitate knowledge transfer intended to benefit Tanzania’s mining sector beyond Imwelo itself. Tanzania’s Mining (Local Content) Regulations are designed to ensure the country’s mineral resources support broad-based national development by prioritizing Tanzanian ownership, employment, procurement and the transfer of skills and technology to local firms and professionals. For developers, working within that framework is not optional; it is a condition of advancing a project. LVG has positioned its approach to local content not merely as a regulatory requirement but as part of responsible mine development, with the Imwelo EPCM structure intended to support Tanzanian participation while maintaining international technical standards through Sutton’s specialist support. Imwelo sits in the Lake Victoria Goldfield, one of Africa’s most prolific gold districts and the namesake of the Company itself. LVG holds a 100% interest in the fully permitted Imwelo Project, located west of AngloGold Ashanti’s Geita Gold Mine, and a 100% interest in the Tembo project, which has more than fifty thousand metres of drilling and sits adjacent to Barrick’s Bulyanhulu Mine. The Company has also drawn validation from an equity investment by Barrick and a strategic partnership with Tanzania’s Taifa Group, whose mining arm is contracted to conduct contract mining and civil works at Imwelo.