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Lepidico Announces 210% Increase in Contained Lithium at Alvarroes

- Global Mineral Resource estimate of 5.87 Mt @ 0.87% Li2O in Indicated and Inferred categories, an increase of 210% in contained lithium versus previous estimate

- Pegmatite only Mineral Resource estimate of 3.9 Mt @ 1.16% Li2O (Indicated and Inferred)

- Lithium pegmatites remain open in all directions

Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce an updated Mineral Resource estimate (“MRE”) for the Alvarroes Lepidolite Project in Portugal. Global Mineral Resource tonnes have increased by 290% and contained lithium within the estimate has risen by approximately 210%, versus the December 2017 estimate. While the average grade has reduced as a result of the inclusion of mineralised halo material, the aggregate grade of the pegmatite mineralised units has risen modestly.

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