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Lepidico Announce Quarterly Activities Report

Key Points

Operations

  • Operating activities at the Karibib Lithium Project in Namibia were fully integrated with Lepidico systems during the quarter, following the successful business combination with Desert Lion Energy.
  • An aggressive infill drill programme at the Rubicon and Helikon 1 deposits completed in September 2019, the objective of which is to upgrade the Mineral Resource estimate to Measured and Indicated categories in November 2019.
  • Preliminary Karibib mine plan based on the current Rubicon and Helikon 1 Mineral Resources indicates a favourable strip ratio for the first four years of operation of less than 1 to 1.
  • Ten day continuous L-Max® Pilot Plant trial completed with minimal downtime, processing approximately 3 tonnes of concentrate leach feed continuously at, or close to, design capacity producing over 5,000 litres of lithium sulphate intermediate.
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