Ann: Chairman's Address to Shareholders, page-2

Investors coming back to lithium

Investor confidence appears to be returning to the beaten-up lithium small cap space — general market volatility aside — as metal prices stabilise and a slew of significant global announcements puts electric vehicle (EV) adoption on the fast track.

Lepidico (ASX:LPD) chairman Gary Johnson said that while 2018 had been a challenging year, things appeared to be looking up.

“Calendar year 2018 has proved to be a more challenging period for lithium equities, with the spot lithium carbonate price in Asia losing around half of its value from the high posted in early 2018,” he said.

“As a result, sentiment towards lithium companies deteriorated and share prices, including Lepidico’s came under significant pressure.

“More recently the spot lithium price has risen modestly, and lithium equity prices appear to have stabilised.”

Lepidico is using its own technology to produce lithium carbonate from non-conventional sources, including tailings — the materials left over after processing ore to separate valuable material from uneconomic material.

Battery-grade lithium carbonate is used to make lithium-ion batteries.

Lepidico plans to build a $3 million Perth-based pilot plant — or demonstration facility – to show off its technology to potential sales and finance partners ahead of development of its larger phase one processing plant.

The company is targeting commercial production for 2020.

Source:
https://unauthorised investment adv...-lithium-miner-is-doing-more-deals-in-wa/amp/