https://***ckhead.com.au/resources/lithium-play-lepidicos-golden-run-extends-on-alvarroes-drilling-results/amp/
Reuben Adams
On March 8, 2019
Lithium play Lepidico’s golden run extends on Alvarrões drilling results
https://unauthorised investment advice/wp-content/uploads/2019/03/trousers1-1024x576.jpg
Pic: Getty
Drilling at the Alvarrões mine in Portugal suggests that the resource could get a lot larger, lithium play Lepidico (ASX:LPD) says.
And some of the hits were very high grade, including 2.38 metres at 2.54 per cent Li2O.
Investors loved the news, sending the stock up about 11.5 per cent in morning trade.
It continues Lepidico’s golden run, with the share price now up over 80 per cent since the start of February.
https://unauthorised investment advice/wp-content/uploads/2019/03/lepidico.jpg
Lepidico share price over the past 12 months.
The aim of the drilling was to estimate a measured and indicated mineral resource – due late March — from the current inferred resource of 1.5 million tonnes grading 1.1 per cent Li2O.
Mineral resources are categorised in order of increasing geological confidence from inferred, to indicated, to measured.
Lepidico is conducting a feasibility study for a 5000 tonne per annum Phase 1 lithium chemical plant using ore from Alvarrões.
Lepidico doesn’t actually own the mine; feed for the plant would be sourced through an agreement with owner-operator Grupo Mota.
In 2017, Lepidico entered into agreement with Grupo but a deal still hasn’t been finalised.
Lepidico says negotiations are “well advanced” in agreeing commercial terms “and under certain circumstances it is envisaged that these terms will convert to a joint venture arrangement”.
The final arrangements are expected to be finalised before the end of the financial year, the company says.
- Forums
- ASX - By Stock
- LPD
- Ann: Alvarroes assays indicate larger lithium Resource
Ann: Alvarroes assays indicate larger lithium Resource, page-30
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the BĂ©cancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add LPD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
78 | 62197485 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 81904154 | 43 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
76 | 60998925 | 0.002 |
89 | 238214960 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 62680858 | 39 |
0.004 | 37764082 | 44 |
0.005 | 12600066 | 15 |
0.006 | 3150999 | 8 |
0.007 | 2277188 | 7 |
Last trade - 16.13pm 04/10/2024 (20 minute delay) ? |
Featured News
LPD (ASX) Chart |
Day chart unavailable