LPD 33.3% 0.4¢ lepidico ltd

It is "surface stockpiles" ie, it has already been mined and...

  1. sqe
    6,939 Posts.
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    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://hotcopper.com.au/data/attachments/2993/2993527-bdcad529e8d5b79283fef501a908e04f.jpg
    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
 
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