lpd share price, page-10302

Hi @Logzy. My apologies for taking a few days to get back to you on this. My understanding was that the 2 week campaign was for the unsolicited Tier 1 interest, but that more samples had also been requested by others. I went back to our last quarterly and found:

One consumer has advised that it requires a relatively substantial sample of lithium hydroxide forevaluation which would require Lepidico’s pilot plant to be run again for at least a two week steadystate campaign.

Further samples of caesium andrubidium chemicals were manufactured in the quarter to meet consumer requirements and to confirmproduct specifications. Requests for further samples have recently been received and these arebeing manufactured in Perth (see below).

Strategic Metallurgy has provided proposals for: (1) further upgrades to both L-Max® and LOH-Max®circuits to allow the pilot plant to operate at 25kg/hr – versus 15kg/hr previously – to match the ratingof the leach filter; (2) processing of 22 tonnes of lithium mica mineralisation from Karibib, alreadystored in Perth, to produce 6 tonnes of concentrate feed; and (3) a comprehensive pilot plantcampaign to produce all Phase 1 Products. The aggregate cost estimates for this work is $2 million.


So it seems to not be only a 2 week run, therefore it's not merely a matter of 2 vs 4 weeks. If we shareholders are feeling impatient, I imagine the OEMs are even more so, thus management preferring to supply requests in as timely a fashion as possible- sooner rather than later.

When I first read our quarterly a month and a half ago, I had laughed about this upgrade, thinking "what a good problem to have. We can't make enough!" And that the interested parties must be heavy hitters, worth rushing through that capital raise, in part at least, to finance the pilot plant upgrade:

Funds from the Placement funds are intended to be used to manufacture additional lithium hydroxideand other Phase 1 product samples for consumer qualification assessment and working capitalfollowing growing unsolicited interest in lithium hydroxide supply for use in the rapidly developingelectric vehicle supply chain in the United States and Europe.