LPD 16.7% 0.3¢ lepidico ltd

From previous report.The Company had $3.4 million in cash at the...

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    From previous report.

    The Company had $3.4 million in cash at the end of February 2020 and a tax credit related to current
    R&D activities is expected in September 2020. Essential feasibility study and corporate functions are
    continuing, with cash resources sufficient to sustain the business to late calendar 2020.

    Is the Phase 1 Project Feasibility Study going to be delayed now?
    The Feasibility Study for the vertically integrated Phase 1 Project is very close to completion now,
    so it is unlikely that there will be a delay to the key results being delivered as previously advised in
    May 2020.

    Many industry commentators continue to state that the medium to longer term fundamentals for
    lithium chemical demand remain extremely strong.


 
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