LPD 0.00% 0.2¢ lepidico ltd

Ann: Exploration Update-Excellent Drilling Results from Helikon 4, page-28

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  1. 464 Posts.
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    Very good results from Helicon 4 which still remains open to the E and W.
    Planned drilling to follow up.
    Homestead is interesting but early stage. 250mts of strike so far but may be
    pushed out to 500mts with the ongoing drilling to the SW where the last reported
    hole intercepted 31mts of pegmatite.
    Homestead is reported as a mineralised pegmatite which is a bit confusing.
    Mineralised as in potential lithium bearing minerals are present are my thoughts.
    High chance of lithium mineralisation given proximity to surrounding pegmatites.
    In the exploration update in regards to homestead the only description as to lepidolite
    content is in drill hole HR009 which intercepted 31mts of pegmatite with bands of lepidolite.
    In the corporate update it states that 'Massive' lepidolite has been intercepted at Homestead,
    also a bit confusing. Massive not a term to be used lightly.
    Anyway looking positive to me and Marble Hill yet to be drilled with approximately 500mts
    of strike with no previous drilling
 
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