this is the email I got back from Joe regarding my question about LIT and their license.
Dear Deznuts,
Thank you for your generous words.
Regards the L-Max® licence agreement with LIT, LIT has the rights to three licence, none of which are exclusive: one licence is specifically for use in Western Australia, the other two are global. To be able to use an L-Max® licence the licensee has to undertake a considerable body of work to ensure that the mineralisation is amenable to the process and then to design an appropriate plant.
Lepidico wishes licensees every success in this regard as their success should help advance the reputation of the technology and also once operation provide the Lepidico Group with a valuable royalty stream.
For your information the 2019 shareholders meeting will be in Perth in late November, however, the date has yet to be set.
Thank you for your continued support as a shareholder.
Kind regards, Joe Joe Walsh Managing Director Lepidico Ltd
LPD Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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