I'm sorry if the spelling does not fit! Is configured with Google Translate! I have just put together details from 2017! I am glad that the platypus is getting bigger and bigger and that I can see it grow
Results so far suggest that the Lemare property potentially hosts a significant spodumene resource. The next phase of work for the Lemare Spodumene project will be developed after completing a geological reinterpretation of the SW Extension in December 2017.
• Farm-in agreement to receive up to 75% of lithium rights in the Moriarty Lithium project from Maximus Resources. Field work begins in the December 2017 quarter.
• Drilling at PEG 9 Lepidolite in Western Australia should begin upon receipt of the required permits. A Conservation Management Plan for the Peg-9 area has been submitted for approval to the Department of Biodiversity, Conservation and Attractions (formerly the Department of Parks and Wildlife). Submission of final approval by the Ministry of Mines, Industrial Regulation and Safety is expected in the quarter of December 2017.
Phase 1 L-Max® Plant Feasibility Study continued throughout the quarter, with Lycopodium already driving process design activities forward. Knight Piesold has begun work on the approval and waste storage engineering process for the study. The final site selection for the process plant is expected in the quarter of December 2017. Lycopodium was convinced of the Lepidico strategy and L-Max® technology by deciding to receive the expected fees for its engineering services in Lepidico shares. Under the agreement, Lepidico has issued 45,000,000 new fully paid ordinary shares to Lycopodium. These new shares will be subject to escrow restrictions until the study is completed and, subject to shareholder approval, will also be subject to a repurchase and cancellation provision should the study be terminated early (for more details see ASX Communication of 3 August 2017).
Approval and backlog tank engineering operations for the Phase 1 L-Max® Plant project began in September with the appointment of Knight Piésold Consulting. The initial work involved the desktop assessment of the sites of the potential L-Max® plant and residue deposits. More detailed evaluations have begun for shortlisted sites, all located in industrial parks that are served by an excellent infrastructure.
Lepidico is pleased to announce a first mineral resource Estimate for the Alvarrões Lepidolite project in Portugal, which contains a vast system of stacked ones lithium-mineralized pegmatite thresholds. The estimate was prepared by AMC Consultants Pty Ltd ("AMC") and is based on the results of 17 Diamond core drilling drilled between May and September 2017 in Alvarrões, Lepidico. AMC reports a JORC code-compliant maiden-derived resource at Alvarrões of 1.5 Mt @ 1.1% Li2O (JORC code table) 1 and summary attached). Within this estimate, 1.1 Mt @ 1.1% Li2O over about 400 m Hit blocks 1 and 2 (Figure 1). The Mineral Resource Estimation Program has established a preliminary mining study for Alvarrões and the results integrated with the Phase 1 L-Max® Plant Project, currently the Subject of a feasibility study. This work shows that blocks 1 and 2 alone have the potential to deliver Inlet for the planned Phase 1 L-Max® plant for more than 10 years!
The work in Alvarrões is part of Lepidico's mineral resource definition program to create a multi-deposit inventory of high-quality lithium-mica mineral resources, not just to provide raw materials for production proposed Phase 1 L-Max® plant in Sudbury, Canada, but also conceptually larger L-Max® plants.
The study considered locations in Canada along the trans-Canadian railway line from Winnipeg in the west to Montreal in the east. Strategic locations along this corridor, based on proximity to the key reagents required for the L-Max® process, have been identified and final site selection is expected to occur in the December 2017 quarter.
Co-operation with various provincial ministries and other potential key players continued throughout the quarter to assess the support and incentives that Lepidico can provide to accelerate the development of its Phase 1 facility project in eastern Canada. In September 2017, introductory meetings were held with representatives of the province of Ontario and the city of Sudbury. This follows similar meetings with the city of Kenora in May 2017. Additional approval forums are scheduled for the December quarter.
The final process design data for a lithium-mica concentrate plant at 3.6 tonnes per hour capable of producing 2,500 to 3,000 tonnes of battery-grade lithium carbonate is expected to be completed by the end of December 2017
Galaxy Resources Limited (ASX: GXY) is a leading manufacturer of pure lithium concentrate in the S & P / ASX 200 index, with a diversified project portfolio and an extensive network of downstream participants in the global lithium markets ▪ In October 2017, Galaxy Resources acquired a 12% strategic stake in Lepidico ▪ From the c. 140 listed lithium companies worldwide, only a few, have received support from a strategic investor ▪ Strategic reasons for Allianz ▪ Leverage Galaxy's position and relationships in the industry to ensure the acceptance and financing of the Phase 1 L-Max® Plant project ▪ Assess possible synergies with the Mt. Cattlin Mine and James Bay Project ▪ Evaluation of regional lithium-mica opportunities in Western Australia and International.
Lepidico secures strategic alliance with Galaxy Resources After the end of the reporting period, the company announced one of the world's most known The leading lithium mining company Galaxy Resources Limited (ASX: GXY) had 12% Private placement in Lepidico for $ 2,917,509 consisting of 291,750,900 shares at $ 0.01 each. in the In addition, the Company has granted existing shareholders the opportunity to participate in similar options Conditions through a one to six waiver offer claim to $ 0.01 per share to increase about 4 million dollars. The offering is partially funded by Lead Manager, CPS Capital Group, and up to $ 1 million will be acquired by Galaxy Resources. The total gross proceeds of up to $ 7.0 million will be used to fund the Phase 1 L-Max® feasibility study until final investment Decision and further progress Lepidico resources development and exploration activities.
Bacchus Capital Advisors as Corporate Adviser On July 25, 2017, Lepidico announced that it had advised Bacchus Capital Advisers Limited ("Bacchus Capital ") as Corporate and Financial Adviser, the main purpose of Bacchus Capital is to come to a conclusion a strategic financing and lithium-chemical purchase agreement for Lepidico's Phase 1 L-Max® plant Project. According to the terms of the consulting contract, Bacchus Capital has elected the majority his fee in connection with the provision of takeover-response advice in Lepidico shares. On the 25th of July In 2017, the company has 52,195,175 new fully paid ordinary shares in Bacchus Capital Advisors Compliance with the terms of his obligation as a business consultant at an issue price of $ 0.0143 per Share.
The strategic alliance with Galaxy is based on a shared vision for the significant global opportunity created by the commercialization of Lepidicos L-Maxo Technology With strong industry contacts and the relationship industry, he will help drive business and growth opportunities, maximize potential with his Mt Evaluate mine and James Bay projects and access additional sources of mlca resources that L can address in his strategic investment in Lepidico, Anthony Tse. Managing Ditector and Galaxy's Chief Executive Officer, commented We are pleased to assist Lepdico as it offers the commercialization Max Technology both financially and the benefits of industry contacts and market know-how our alliance with Lepidico will give us the opportunity to be a potential one evaluate sign focate mica feedstocis in the future L-Max is an exciting technology, and we are paving the way to an uno value to capitalize on the continued growth opportunities in the lithium sector
Avalon Advanced Materials Separation Rapids is a large petalite lepidolite lithium pegmatite deposit owned by 100% of the TSX-V listed Avalon Advanced Materials Inc. ▪ NI43-101 PEA on the Petalite Mineral Resource (opposite)
▪ L-Max® test work on Lepidolite Concentrate resulted in excellent recovery rates and high specification levels, 99.88% lithium carbonate in battery grade
▪ L-Max® to maximize lithium mineral resource potential (including by-products) ▪ Breaking Lepidolite-rich zone offers early potential for a discrete lithium mica feed source
▪ Memorandum of Understanding between Lepidico and Avalon Advanced Materials Inc. (TSX: AVL and OTCQX: AVLNF) for an integrated lepidolite mining and lithium carbonate production partnership in Canada
Initial testing has shown that lepidolite can be obtained in the first step of a sequential flotation process prior to the flotation of petalite. Lepidolite concentrates are based on innovative, low-cost process technologies such as the L-Max® process from Lepidico Ltd. increasingly in demand as starting material for the production of lithium carbonate. As in the press
Avalon signed a memorandum of understanding with Lepidico, which requires Avalon to provide Lepidico with at least 15,000 tonnes per year of Lepidolite concentrate from its Phase I plant for processing in Lepidico's planned Phase I commercial project Plant for the production of lithium carbonate in battery quality will sell. Lepidico is considering building this facility in Ontario. Avalon's Phase I plant would also include a Petalit lithium hydroxide production circuit based on the company's innovative 2016 process flow diagram.
Potential customers have already received numerous expressions of interest in the company's lithium products and discussions are underway regarding purchase commitments. Once purchase commitments have been secured to determine the priority lithium product lines, the Company can complete the design and engineering of the Phase I facility. The company is well positioned to launch a new source of preferred customer care as project financing is secured, given the rapidly growing demand for lithium and the small number of advanced lithium projects ready to start production.
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