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Lepidico Ltd (ASX: LPD) (Lepidico or the Company) is pleased to advise that the Ministry of Mines and Energy, Republic of Namibia has granted an Accessory Works Permit for the development of the Karibib Lithium Operations within Mining Licence 204, where construction work is scheduled to start in the September 2022 quarter. The Karibib Project is fully permitted. The accessory works application included the waste management areas designed by Knight Piésold and various site ancillaries designed by Lycopodium, which includes site buildings and structures.

Under the Engineering, Procurement and Construction Management (EPCM) contract for the Karibib concentrator, Lycopodium has completed all Stage 1 works including the Front End Engineering and Design (FEED). The Lepidico Board has also approved A$1.2 million of Stage 2 EPCM works to be funded from existing working capital in parallel with completion of the FEED works for the chemical conversion plant to be located in Abu Dhabi. These works remain on schedule for completion in June, when the control estimate for the vertically integrated Project will be finalised.

Lepidico’s Managing Director Joe Walsh said, “Phase 1 is one of the only shovel ready mine and concentrator lithium projects globally. Permitting for the Abu Dhabi chemical plant is advancing well and benefits from a prescribed approvals process for developments within the designated industrial park. The Project is also supported by key local stakeholders in both Abu Dhabi and Namibia where there is a fundamental alignment of interests, testament to the Project’s excellent environmental and social credentials. By way of update, refinement of high purity lithium hydroxide from the demonstration plant in Perth is complete with assays pending. Production of by-products has now started. Product samples are being despatch to customers as and when assays become available. Lepidico has received further interest in all Phase 1 products over the past month. Offtake agreements are planned to be finalised based on the most sustainable terms and conditions.”