LPD 0.00% 0.2¢ lepidico ltd

Regional Exploration, page-83

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    @LDW

    Sold Archdia mine ( ZIM) and delivered a huge payout per share around then . Have a look at

    ASX ANNOUNCEMENT 22 July 2022 psc

    These milestones have included the construction and operation of our Arcadia pilot plant and completion of two comprehensive Optimised Feasibility Studies demonstrating multiple pathways to development, further reducing the project’s technical and commercial risks, positioning Arcadia for development. The year concluded with the execution of a competitive tendering process for funding of Arcadia that drew interest from a range of international parties – which as you know, culminated in the sale of our 87% interest in Arcadia to Huayou.The transaction realised a significant return for Shareholders with net cash proceeds received by Prospect of A$466 million. After payment of transaction costs, Prospect is preparing to distribute almost 95% of the net proceeds from the transaction to its Shareholders, with approximately A$34million to be retained for future activities.The Board has determined the distribution will be A$0.96 per share, comprising an unfranked dividend component of A$0.79 per share (“Special Dividend”) and, subject to shareholder approval,a capital reduction component of A$0.17 per share (“Capital Reduction”).

    They (PSC) are looking at Namibia precinct we (LPD) are in with a recent Farm in agreement November 2022
 
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