Might be a good time to consider why we brought into Lepidico Limited and am still invested for the long term!
Some may be able to add their reasons and thoughts as well.
Point form and not in any particular order.
*Lepidico (ASX:LPD) is a global lithium exploration anddevelopment company with offices in Perth and Toronto. Differentiated by its100% owned clean-tech L-Max®processtechnology that extracts lithium and recovers valuable by-products from lesscontested lithium-mica and phosphate minerals. Lepidico’s strategic objectiveis to become a vertically integrated business, from mine to production ofbattery grade lithium chemical.[ *https://www.lepidico.com ]
*Lepidico aims to introduce an additionalsupply source, from largely ignored lithium mica and lithium phosphate richdeposits, thanks to its proprietary L-Max®technology.
* Lithium mica andphosphate minerals, such as lepidolite and amblygonite respectively can alsooccur within pegmatite rocks but until recently have rarely been of commercialinterest. The advent of Lepidico’s L-Max®process provides a new hydrometallurgical solution for extracting lithium carbonate from these overlooked lithium bearing minerals. As a result of its proprietary technology, Lepidico is operating in a much less contested space for mineral feed sources versus spodumene and brine producers. Furthermore, L-Max®is a clean-tech process with competitive capital intensity and operating costs after eco-friendly by-product credits..[ *https://www.lepidico.com ]
*Lepidico sees the opportunity for it to enter the lithiumchemical market as a new competitive cost producer with attractive marginsthroughout the commodity price cycle. The lithium market is relatively opaquewhen compared to those for many other metals. This however, is likely to changeas demand increases, with for example the London Metals Exchange consideringits involvement via the introduction of lithium contract to better manage themarket and provide greater price transparency. .[ *https://www.lepidico.com ]
*Patent protection received for L-Max® in Japan [report 15 April 2020 ]
• Further endorsement that L-Max® is novel, inventive, industryapplicable and patentable [report 15 April 2020 ]
• PCT International Patent Applications for L-Max® in otherkey jurisdiction remain in progress[report 15 April 2020 ]
* The Feasibility Study for the vertically integrated Phase 1Project is very close to completion now, so it is unlikely that there willbe a delay to the key results being delivered as previously advised in May2020.Mine designs for the two open pits at Karibib are close to completion, while operating and capital costs estimates along with the inaugural Ore Reserve estimate are well advanced and due to be finalised in May.[ report 20 March ]
*In summary, Lepidico has created and assembled thefoundations for a new vertically integrated lithium chemical business based onthe Karibib lithium mica Mineral Resources in Namibia and the Company’sproprietary process technologies that have been demonstrated at pilot scale. Arecent streamlining of business priorities means that the Company is funded forall key activities through until late in calendar 2020.The Company is on track to complete the Phase 1 Feasibility Study and is making good progress on offtake for its products and in assembling a project financing package.We will continue to monitor the coronavirus pandemic and adjust working protocols accordingly to ensure the continued health and safety of our people. [ report 20 March ]
*21 October 2019- High Specification Caesium-Rubidium Formate Produced
*Gold potential at Karibib to be evaluated with theobjective of leveraging any discovery to augment funding for the Phase 1Lithium Project. [April 2020 ]
* Lepidico’s(ASX: LPD) strategic objective is to develop asustainable vertically integrated lithium business that provides above averagereturnsfrom mine to battery grade lithium chemical production.[April 2020 ]
*Strategic objective: to have the Phase 1 Project developmentready with binding offtake arrangements for key products and a fullcompetitive financing package in place so that Lepidico is a first mover whenthe next lithium price cycle begins[April 2020 ]
*Key results for the integrated study due late May 2020,including: Karibib Ores Reserve estimate and mine design; Karibib concentrator design and site infrastructure; and Abu Dhabi chemical plantdesign employing L-Max® and LOH-MaxTM [ April 2020 ]
This week hopefully we go into a trading halt ….. which doesnot happen much with Lepidico Limited and receive this report that we have allbeen waiting for. Karibib up dated reserve report should be out this week aswell.
DYOR
(20min delay)