This information is freely available on LPD web page. https://www.lepidico.com/ and are taken from it. The long termers are up to date as to where they see the Company heading and the change that their technology will make in the lithium space. This thread will help new investors in seeing maybe the possibilities of what is in store for the future as stated by the Board of Directions and stated on their web page and in the LPD Announcements. Free feel to add to the discussion.
"Lepidico (ASX:LPD) is a global lithium exploration and development company with offices in Perth and Toronto. Differentiated by its 100% owned clean-tech L-Max®process technology that extracts lithium and recovers valuable by-products from less contested lithium-mica and phosphate minerals. Lepidico’s strategic objective is to become a vertically integrated business, from mine to production of battery grade lithium chemical"
2019 HIGHLIGHTS
*The year was incident free, continuing Lepidico’s zero-harm health, safety and environment track-record since records began in September 2016.
*The Karibib Lithium Project in Namibia was acquired following the successful off-market takeover of Desert Lion Energy Inc., giving an 80% interest in Mineral Resources of 8.8 million tonnes grading 0.56% Li2O within a granted 68km2 Mining Licence.
*In addition, the Karibib Lithium Project includes four granted exploration tenements encompassing 1,054km2 of the prospective Karibib Pegmatite Belt.
*Global Mineral Resource tonnes at Alvarrões increased by 290% and contained lithium rose by approximately 210%, versus the previous estimate. The JORC 2012 Mineral Resource is estimated at 5.87Mt @ 0.87% Li2O in Indicated and Inferred categories.
*High purity lithium hydroxide was produced using a new proprietary process, LOH-Max™, over which Lepidico has entered into a worldwide exclusivity arrangement.
*Considerable capital and operating cost savings were identified associated with the integration of LOH-Max™ into the Phase 1 Plant design.
*A Memorandum of Understanding was entered into with Gulf Fluor LLC for: 1) the supply of sulphuric acid; 2) provision of land to construct the Phase 1 Plant Project; and 3) the marketing of Phase 1 Plant by-products to be sold within the United Arab Emirates region.
*Phase 1 Plant Feasibility Study design was adapted for lithium hydroxide production, employing LOH-Max™ technology and for location in Abu Dhabi, with engineering on-track for completion in the December 2019 quarter.
* Mine and concentrator design work commenced for both Karibib and Alvarrões, to allow inaugural Ore Reserves to be estimated for both Projects in fiscal year 2020.
* The design and construct phase of the L-Max® Pilot Plant was completed on schedule and within budget before contingency. The continuous operation phase for Campaign 1 completed in July 2019, verifying the L-Max® process chemistry.
*Preliminary assessment of L-Max® residue as a land reclamation product completed with promising results that indicate the material should be viable for industrial applications, with the objective of the Phase 1 Chemical Plant being a zero-waste facility.
*National patent applications for the L-Max® technology progressed in key strategic jurisdictions with first patent granted in the USA and a provisional patent application was lodged for LOH-Max™.
*Equity issues for advancing Lepidico’s process technologies and studies, and acquiring lepidolite Mineral Resources successfully raised gross proceeds of over $19 million in two over-subscribed offerings.
Good reading also is the CHAIRMAN’S AND MANAGING DIRECTOR’S LETTER from the Annual Report. Gives us some insight of where we are heading. ...
Next up was the US Patent Protection Received for L-Max. https://www.lepidico.com/2019/10/24/us-patent-protection-received-for-l-max/ **More to come I am sure
Latest announcement - Infill Drilling confirms robust lepidolite at Karibib https://www.lepidico.com/2019/10/31/infill-drilling-confirms-robust-lepidolite-at-karibib/ ** More to come here as well!
These are just some of the FACTs that has been completed by LPD over the last 16 months. Good work all the LPD term. The next 5 to 6 months LPD have some more very exciting announcements to make as they progess towards production in not to distance future.
I am sure some of the long term holders can add their comments and thoughts to this thread.....
DYOR
LPD Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
(20min delay)