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Lepidico announce Drilling has started at Karibib Lithium Project

Drilling starts at the Karibib Lithium Project

  • Mineral Resource infill and extensional drilling has started at the Karibib Lithium Project, with two rigs on site and two on the way
  • JORC Code (2012)-compliant Mineral Resource estimate for the Karibib Lithium Project of 8.8Mt @ 0.56% Li2O
  • Feasibility Study for mine developments at Rubicon and Helikon feeding a centralised flotation plant has started, to integrate the Karibib Lithium Project with the Phase 1 Plant Project Study
Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announced that a 4,700 metre diamond drilling program has started at the Karibib Lithium Project in Namibia. The programme is planned to complete during the September 2019 quarter, allowing an updated Mineral Resource to be estimated during the December 2019 quarter. The previous NI43-101 Mineral Resource estimate has been confirmed with a JORC Code (2012)-compliant Mineral Resource estimate for the Karibib Lithium Project of 8.8Mt @ 0.56% Li2O (appended).

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