Lepidico

Website: www.lepidico.com
Primary ticker: ASX:LPD
Stage of development: Exploration, Development
Primary minerals: Lepidico
Project to promote: Phase 1 L-Max Lithium Project

Live financials

Lepidico Ltd (ASX:LPD) is focused on exploration, development and production of lithium chemicals. Lepidico owns the technology that produces lithium carbonate from lithium-rich mica minerals. Lepidico also has LOH-MaxTM, which produces lithium hydroxide from lithium sulphate without by-product sodium sulphate. The Company is conducting a Feasibility Study for a 5,000 tonne per annum (LCE) capacity Phase 1 lithium chemical plant, targeting production for 2021. Work is being undertaken to incorporate LOH-MaxTM into the Phase 1 Plant Project. Feed for the Plant is planned to be sourced from the Karibib Lithium Project in Namibia, and/or the Alvarrões Lepidolite Mine in Portugal.

View Research Report by Edison Investment Resarch on 19 Nov 2019

Management Profile

Joe Walsh – Managing Director

Mr Walsh is a resources industry executive, mining engineer and geophysicist with over 25 years’ experience working for mining companies and investment banks in mining related roles. Joe was the General Manager Corporate Development with PanAust and was instrumental in the evolution of PanAust from an explorer in 2004 to a US$2+billion, ASX 100 multi-mine copper and gold company.
Shontel Norgate – Chief Financial Officer
Shontel is a Chartered Accountant with over 20 years’ experience in the resources industry including debt and equity finance, financial reporting, project management, corporate governance, commercial negotiations experience in finance and administration. Prior to joining Lepidico, Shontel was CFO for 10 years with TSX-listed resources company Nautilus Minerals Inc.


What is your rationale for attending 121 Mining Investment?

Introducing the company to African investors


What recent news would you like to highlight to investors attending?

31 October 2019 – Infill Drilling confirms robust lepidolite at Karibib
24 October 2019 – US Patent Protection received for L-Max
21 October 2019 – High specification ceasium-rubidium formate produced
17 October 2019 – Highest purity Lithium Carbonate produced

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Inaugural ore reserve estimate for Karibib Lithium Project – February 2020
Key results for L-Max Phase 1 Feasibility Study – March 2020

6 Months:
All permits and approvals for mine and concentrator development at Karibib in Namibia
Development of early works programme for the Phase 1 integrated project
Conditional Final Investment Decision for the Phase 1 integrated project

12 Months:
Full financing package for the Phase 1 integrated project
Offtake arrangements for Lithium Hydroxide and co-products
Commencement of early works and project construction


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Poor prevailing market sentiment towards battery materials presents a challenge. This is overcome by continuing to deliver on the company’s stated strategy which is focussed on the development of high quality, high margin competitive capital intensity projects.


In a sentence, what do you think makes your company such a compelling investment?

Integrated sustainable business from mine to lithium chemical with competitive capital intensity and key co-products using proprietary technologies.