Perth and Toronto-based Lepidico (ASX:LPD) is a lithium development company which owns and operates the Karibib Lithium Project (KLP) in Namibia. Lepidico Ltd is focussed on exploration, development and production of lithium chemicals, principally lithium carbonate and lithium hydroxide as well as saleable by-products. Lepidico owns the L-Max(R) Process technology which is a metallurgical solution for lithium carbonate production from mica ores. More recently Lepidico has added LOH-Max(TM) to its technology base, which produces lithium hydroxide and importantly without without by-product sodium sulphate. The Company is currently conducting a Feasibility Study for a 5,000 tonne per annum (LCE) capacity Phase 1 lithium chemical plant, targeting commercial production for 2021. Feed to the Phase 1 Plant is planned to be sourced from the Karibib Lithium Project in Namibia, 80% owned by Lepidico and/or the Alvarroes Lepidolite Mine in Portugal under an ore access agreement with owner- operator Grupo Mota.
Phase 2 L-Max(R) Plant Scoping Study
Further desktop work is planned to be undertaken in the second half of 2019 with the objective of developing scoping study level capital and operating cost figures for a hybrid LOH-MaxTM-L-Max(R) plant, with configurations ranging from 10,000tpa to 20,000tpa lithium hydroxide.
The Company's shares are traded on the Australian Securities Exchange (ASX) and also in Germany on the Frankfurt, Hamburg, Munich, Stuttgart, Xetra and Tradegate stock exchanges.
