Administrators Report, page-109

No, I think the location & logistics of the project had some part to play in the downfall of this Co.



Another day, another African junta revoking permits. Predictive Discovery down -20% | 2025-05-28 | HotCopper

Not Namibia I know, but it's just more evidence of how unstable parts of that continent are.

South Africa is basically a failed state these days. Take a look at a map to see where Namibia is.

It's Over! South Africa is F*&$d - Failed State

How South Africa Became a Failed State

South Africa's Slow, Inevitable March Towards Collapse

LPD also had to send concentrate to the plant in UAE. There are a lot of problems in the area.



Houthis are a problem.

YCO: Attacks in the Red Sea | Interactive Map - ACLED


Basically a lot of risk & complexity, in a volatile part of the world for what is basically an experimental tech at scale.



LEPIDICO LTD (ASX:LPD) - Ann: Annual Report to shareholders, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Yes, the collapse of the lithium price didn't help.