It is "surface stockpiles" ie, it has already been mined and previously considered "waste". JW has indicated in the past that the surface stockpiles (ie this announcement) could be used as the original feed material which would mean the mining costs on the ore is reduced/eliminated.
From the DFS
https://www.lepidico.com/wp-content/uploads/2020/05/update-LPD-200528-DFS-Delivers-Compelling-Phase-1-Project-Results.pdf
Mining is a significant portion of the concentrate cost. Having reduced costs at the start of operations is good for cash-flow during ramp up
Ann: Karibib Mineral Resource Expanded, page-9
Add LPD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.2¢ | $296.2K | 98.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 157 | 208699235 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6665000 | 4 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.3¢ |
Change
-0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 10063373 | ||
| Last updated 15.58pm 07/06/2024 ? | |||||
| LPD (ASX) Chart |