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LPD - LEPIDICO LTD


nipper
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Lepidico is on the rise .... from $0.009 to $0.017 in the last 2 days

There was an Announcement yesterday, not flagged as Sensitive,

LPD is in confidential discussions with up to 6 lithium hydroxide consumers and 3 caesium/rubidium consumers.

 

Lepidico has been advised by one prospective customer that its analysis of a lithium hydroxide monohydrate sample provided in 2020 should be completed in early 2021, allowing offtake discussions to advance. It is understood that the analysis process has been disrupted by the ongoing pandemic. Further lithium hydroxide samples are being prepared for dispatch over the coming weeks from the Company's existing inventory in Perth for analysis by other consumers.

 

Lepidico continues to closely monitor the caesium and rubidium markets globally, with significant supply constraints envisaged to occur in 2021, as pollucite stockpiles sourced from now depleted mines are consumed. Lithium mica ores now represent the only material near term source of the strategic metals caesium and rubidium, both of which are designated as Critical Minerals by the U.S. State Department and for which the United States is entirely reliant of imports.

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  • 1 year later...
On 1/5/2021 at 12:00 PM, nipper said:

Lepidico is on the rise .... from $0.009 to $0.017 in the last 2 days

that was a year ago.  LPD has been bouncing around, and in the last 12 months pushed above 5c. now around 3.6c

Key Points from the latest Quarterly

Development
• Front End Engineering and Design (FEED) work for the Karibib concentrator completed in January and is now under review by Lepidico
• Phase 1 chemical plant design improvements identified from Demonstration Plant leach trials will enhance operating performance and reduce risk; improvements now being integrated into FEED workstream
• Chemical plant geotechnical site evaluation works started at the Khalifa Industrial Zone Abu Dhabi (KIZAD) to support foundation and footing designs
• Discussions commenced to source green hydrogen from a new facility planned to be built at KIZAD, which would materially reduce Scope 1 & 2 greenhouse gas emissions for the integrated Phase 1 operations from the already relatively modest levels, to be best in class at 3t CO2 e/t LCE
• Pilot plant upgraded to a Demonstration facility operating at over 30kg/hr; L-Max® leach trial completed successfully with excellent performance indicated from modified filters
• Demonstration Plant LOH-Max® circuit under construction for operation in February 2022
• Drilling resumed at Karibib with the objective of expanding the Mineral Resource base

Products & Marketing
• Binding offtake agreement signed with Traxys for 100% of annual lithium hydroxide production (c.5,000tpa) from Phase 1 for seven years
• Agreement includes Traxys acting as agent for caesium sulphate solution (c.400tpa), with scope to be expanded to other products by mutual agreement
• Majority of product volumes expected to be sold on a back to back contract basis with the balance linked to a market price index; Traxys net commission is competitive with industry norms
• Binding offtake deals for caesium output from Phase 1 are targeted before the end of April 2022 in order to secure debt finance commitments mid-year
• Strong demand seen for Phase 1 Sulphate of Potash with Letters of Intent  received for c.150% of annual production from two consumers, with further LOIs expected this quarter

Corporate and Finance
• Well-funded with cash and equivalents as at 31 December 2021 of $10.4 million and no debt
• Existing Acuity Controlled Placement Facility extended to 31 January 2024
• Independent Technical Report completed by BDA and provided to U.S. International Development Finance Corp. (DFC) with no fatal flaws noted; legal due diligence to start February 2022

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  • 5 months later...

Near term drivers/catalysts

  • Chemical plant control estimate on track for August 2022; concentrator FEED complete
  • Binding lithium and caesium offtakes with consumers targeted for July to September 2022
  • Debt commitments to support a Final Investment Decision for Phase 1 targeted for September 2022
  • Strategic partner process to complete September 2022 quarter
  • Phase 2 concentrator expansion assessment August 2022
  • Phase 2 Mineral Resource expansion program targeting high grade additions at Helikon2/5, Homestead & regional targets

• Cash at 30 June 2022 $8.0 million & no debt

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