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Lepidico Announces Quarterly Activities and Cashflow Report

Infill drilling at Rubicon and Helikon 1 completed in November 2019 to support a predominantly Measured and Indicated category Mineral Resource estimated in January 2020. Global Mineral Resources at Karibib are 11.24 million tonnes grading 0.43% Li2O.

Pit optimisations identify 4 million tonnes of predominantly lepidolite mineralisation grading 0.56% Li2O to be prioritised for mining over the first 10 years of the Phase 1 Project, with an average strip ratio estimate of just 1.4 to 1.

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