LPD 0.00% 0.3¢ lepidico ltd

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  1. 929 Posts.
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    Not sure if we can definitively say SR is out of the question, from the latest update they are in offtake/finance discussion with multiple parties and are planning a 5000 tonne sample for testing. So it looks like it is advancing slowly but surely. We'll see what Joe says in the Qtrly

    Extract from april 2nd announcement

    The market for lithium minerals to serve the glass and ceramics industry is experiencing supply shortages, particularly for petalite: the principal lithium mineral contained in the Separation Rapids resource and in Avalon's nearby Snowbank Pegmatite discovery. This has created new opportunities to attract development partners that are interested in Avalon's petalite product. Discussions have recently accelerated with several parties. Accordingly, the Company is now beginning to make plans for extraction of up to a 5,000 tonne bulk sample this summer for trial processing to recover larger quantities of the petalite product for customer evaluation and process flowsheet optimization.
    Last edited by Battleship: 16/04/19
 
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