lpd share price, page-8992

Reply button not working. To @Bayhunter's post above "i am really interested in the update on drilling in the forthcoming quarterly."

Me too @Bayhunter. For those who may not have seen it, this is from our last quarterly:

EXPLORATION & RESOURCE DEVELOPMENT

Lepidico is pursuing a strategy of maximising the value of its exploration properties by implementing
programs targeted at a range of metals, including lithium, caesium, rubidium, tantalum, gold, copper,
tungsten and uranium. Exploration activities increased during the quarter as restrictions imposed in
response to the COVID-19 pandemic started to be lifted.

Karibib Project (80%)

Near Mine & Regional Exploration
Completion of several soil geochemical surveys that include the use of portable XRF analysis of
rubidium, caesium, lithium and tantalum has led to the identification of 23 lepidolite bearing LCTtype
pegmatite targets within EPL 5439 and ML204. From these, three first-order and five secondorder
targets have been identified for priority work programs. Scout drill programs have been
designed for the first-order targets.

In the June 2021 quarter, work will be directed at the priority targets for both lithium mica bearing
pegmatites and gold mineralisation (Figure 1). Exploratory RC (reverse circulation) drilling is
planned at Rubicon West, Rubicon North and Homestead to the east of the Helikon area. These
first-order targets are marked by observable lepidolite in outcrop within a broader pegmatite
signature that have not been previously quantified by drilling. Drilling is expected to start in May
2021.

Additionally, three priority gold targets (G1, G2 and G3) within EPL 5439 will be subjected to
geochemical assessment (soils and rockchips) in the June 2021 quarter to verify the gold
prospectivity of these conceptual targets. The eastern part of EPL 5439 has geophysical and
geological similarities to known large-scale vein-hosted gold deposits in the Karibib region.

To date, Lepidico has delineated in excess of twenty second-order LCT pegmatite and gold targets
that will be progressively evaluated to develop new drill targets. The substantial endowment of the
Karibib district in both lithium and gold mineralisation augurs well for new discoveries to be made
through focused systematic exploration.