Lepidico

Website: www.lepidico.com
Primary ticker: ASX:LPD
Stage of development: Development
Primary minerals: Lithium
Project to promote: 5,000t Phase 1 Project

Live financials

Lepidico Ltd is an ASX-listed lithium chemical development Company. Lepidico owns the technology to a metallurgical process, L-Max, that has successfully produced battery grade lithium carbonate from non-conventional sources, specifically lithium-rich mica and phosphate minerals. The Company also holds the exclusive rights to LOH-Max, a hydro-metallurgical process that produces lithium hydroxide without by-product sodium sulphate. The Company is currently conducting a Feasibility Study for a 5,000 tonne per year lithium hydroxide plant, targeting production for late 2020. Three potential sources of feed to this planned Phase 1 Plant are being evaluated.

View Edison Research Report February 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. Joe also has extensive equity capital market experience and has been involved with the technical and economic evaluation of many mining assets and companies around the world.


Shontel Noragte, CFO & Company Secretary

Shontel is a Chartered Accountant with over 20 years’ resources industry experience in finance and administration. During her tenure with Nautilus Minerals she was accountable for the leadership and stewardship of the company in all financial and commercial areas. Crucial to the success of the role was her ability to liaise with external stakeholders, including financiers, investors, international governments, NGO groups and contractors, always demonstrating strong business and financial acumen. These responsibilities also included the negotiation and management of numerous, large commercial contracts prior to and during project implementation. Shontel holds a Bachelor of Business (Accountancy) with Distinction from Queensland University of Technology, Brisbane and a Graduate Diploma in Company Secretarial Practice from the Australian Institute of Chartered Secretaries.


What is your rationale for attending 121 Mining Investment?

The Company is looking to inform institutional investors on its business strategy that leverages its proprietary technologies, L-Max and LOH-Max. These processes have the potential to complement the lithium market by providing additional lithium supply from alternative sources and in the case of LOH-Max, provide a lower cost solution to producing lithium hydroxide from spodumene concentrates. The Company is currently completing a Feasibility Study, which is fully funded, on a 5,000t pa LCE commercial scale plant to be located in Sudbury, Canada.


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

Pilot Plant commissioning and operating in May 2019, to demonstrate the technical viability of Lepidico’s proprietary processes using industrial equipment.

Complementing the 5,000t pa Phase 1 Plant feasibility study with LOH-Max technology to produce lithium hydroxide.

Phase 1 Plant feasibility study close to completion.

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

3 Months:

Operation of L-Max and LOH-Max Pilot Plant.

6 Months:

Completion of Phase 1 Plant Feasibility Study.

12 Months:

Transitioning the business to development.

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

Key focus for the Company will be securing permits, off-take agreements and financing for the construction of the Phase 1 Plant Project.

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

Lepidico is differentiated from its peers as it can participate in the full value chain from mine to battery grade lithium chemical using its proprietary, cost competitive process technologies, L-Max and LOH-Max.