LPD 50.0% 0.3¢ lepidico ltd

Pilot plant run

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    From latest quarterly, ‘Proposals received for upgrading the L-Max®/LOH-Max® pilot plant and operation of a further campaign to generate customer samples; commitment conditional on satisfactory offtake terms being agreed’

    A new pilot plant run is to be made subject to LPD receiving an acceptable term sheet, not exactly an offtake agreement but close. I understand that this run will incorporate design enhancements and produce a full product suite unlike the previous run. It will endeavour to incorporate the CO2 capture process if able.

    Confidentiality will more than likely preclude announcement to market. Of late the doors at SM have been kept closed and yesterday a lorry arrived at SM with 12 one metre cubed bags of material that I assume is lepidolite. Presumably for a pilot plant run.

    Photo shows a truck that has backed down Cleaver Tce, parked on wrong side of road to enable hard surface both sides for forklift unloading and forklift moving towards SM compound driveway. During last pilot plant run in Jun - July 2019 similar feed bags were stored 2 high in compound and against Cleaver tce exterior wall. I estimate this load if Lipidolite concentrate @sg 2.8 to be 30-35ton. https://hotcopper.com.au/data/attachments/3581/3581831-124ef1d4cc2124391bc7753bbe76551b.jpg
 
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