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Lepidico (LPD) is an interesting other pathway to lithium, via Lepidolite - complex mineralogy but the most common form of Li around.


Just done a deal with Galaxy GXY taking up 12%, and a 1:6 at 0.1c issue bringing in some cash which should allow some time to prove up the concepts. Lithium Aust LIT also on the register

Lepidolite is a lilac-gray or rose-colored member of the mica group of minerals with formula K(Li,Al,Rb)2(Al,Si)4O10(F,OH)2. It is the most abundant lithium-bearing mineral and is a secondary source of this metal.


It is associated with other lithium-bearing minerals like spodumene in pegmatite bodies. It is one of the major sources of the rare alkali metals rubidium and caesium.

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Lithium is usually mined from hard rock (spodumene) and brine sources, but it also exists in micas, such as lepidolite and zinnwaldite, but no process exists to commercially extract it. L-Max aims to change that.


Galaxy hopes the L-Max technology can help it extract lithium from ore considered waste at its Mt Cattlin project near Ravensthorpe, and its proposed James Bay project in Canada. GalaxyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s managing director Anthony Tse described L-Max as an exciting technology. He said the alliance with Lepidico would allow the company to evaluate processing its significant mica feedstocks.


LepidicoÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s managing director Joe Walsh said the investment by Galaxy was a great endorsement of the companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s strategy and its L-Max technology.


The company also plans to raise $4 million in a one-for-six rights issue priced at 1ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ per share to fund a feasibility study to explore a processing plant that uses the technology.


Lepidico also has interests in conventional lithium projects in WA, NSW, Canada, Portugal and Brazil.


Shares in the company closed up 0.3ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢, or 25 per cent, at 1.5ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ yesterday after hitting 2ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ in earlier trade, while Galaxy shares ended flat at $3.14.

and hit 2.0c intraday


I can't see the extraction of Li happening from anything else than tailings, with this L-Max technology. So, it appears to be an ancillary, a secondary, process and hence pickings may be slim. At least the feedstock should be crushed, and in one location

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  • 3 weeks later...

LPD received overwhelming support from the majority of its shareholders for its Entitlement Offer both in terms of participation in the pro-rata issue and to participate in a shortfall placement.

- with the offer price at $0.01 and SP around $0.03, this is to be expected


The Company announced an Entitlement Offer of fully paid ordinary shares in the capital of the Company on the basis of one (1) New Share for every six (6) existing shares on 10 October 2017 along with a private placement to Galaxy Resources Ltd (GXY).


Valid applications for 803,800,451 new shares were received under the Offer, consisting of 372,753,487 as entitlements, representing 92% of the total eligible amount, raising approximately $3,727,535 and an additional 431,047,964 as applications for any shortfall. The Company's Underwriter, CPS Capital, also received interest in more than $10 million from new investors.


Following discussions with CPS, the shortfall of $324,561 will be placed by CPS and the excess application funds will be returned to applicants.


The proceeds of the Offer, along with those raised from the Galaxy private placement, provide a full funding solution for the Company's integrated Phase 1 L-MaxÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚® Plant Feasibility Study, as well as further advancing the Company's resource development and exploration activities.

- tough luck; shareholders offered participation in Shortfall, only to have underwriter play favourites


Lithium Australia : LIT took advantage the run-up to sell out



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  • 3 months later...

the third way?

LPD has produced battery grade lithium carbonate grading 99.8%, using its L-MaxÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚® process technology from a tailings stream sourced from the Galaxy Resource Ltd (GXY) Mt Cattlin spodumene operations.


Lepidico's Managing Director, Joe Walsh said, "this testwork programme demonstrates conventional flotation coupled with Lepidico's proprietary L-MaxÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚® process technology can be used to produce battery grade lithium carbonate from modest lithium grade tailings sourced from primary spodumene operations.


"Furthermore, this work implies that L-MaxÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚® can materially enhance the Mineral Resource potential and thereby value of mixed lithium mineral hard-rock deposits that contain lithium-micas."

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  • 11 months later...

something has kicked life back into this Li wanna-be. After a steady fall over the past few months, it's gone from 1.6c to 3.1c in a few days.

Announced a "New LiOH process" and presenting at Roskill Li Mine-to-Market Conference has caught the eye of some

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ High purity lithium hydroxide produced using a new proprietary process, LOH-MaxTM, over which Lepidico has entered into a worldwide exclusivity arrangement

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ LOH-MaxTM uses conventional equipment and is expected to have lower capital and operating costs than conventional conversion of lithium sulphate to either lithium carbonate or hydroxide

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ LOH-MaxTM avoids the production of sodium sulphate as a byproduct

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ LOH-MaxTM has application in conversion of all hard rock and sedimentary hosted lithium mineral concentrates that employ sulphur based chemistry, including spodumene concentrates

- will it blitz the market?

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  • 1 month later...

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