Read each paragraph below again. Where was the thing that some investors not understood? So plain English that LPD made a milestone better than initial estimate. Please read thoroughly again.
Global resources now sit at 5.87 million tonnes grading 0.87% lithium, which is up from the maiden resource estimate of 1.5Mt grading 1.1% lithium, which was unveiled in December 2017.
Lepidico noted the average grade had shrunk due to the inclusion of mineralised halo material.
However, the company pointed out when the halo material was excluded, the mineral resource grade had actually increased slightly, with the estimate for the pegmatite only totalling 3.9Mt at 1.16% lithium.“
Lepidico has secured an ore access agreement with Grupo Mota over the operating Alvarroes lepidolite mine, which currently supplies 1.8% lithium concentrate to the ceramics industry.Proprietary lithium processing technology.
In addition to firming up mineralisation at Alvarroes, Lepidico has developed the L-Max and LOH-Max proprietary technologies that can produce lithium carbonate or lithium hydroxide from non-conventional lithium sources including lepidolite and zinnwaldite.
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Ann: 210% increase in contained lithium at Alvarroes, page-42
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