Media ReleasesLepidico

View All Lepidico News


Lepidico - Full Year Statutory Accounts


Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce the release of its audited consolidated financial statements for the year ended 30 June 2021.

Highlights for the year

Sustainability

• No recordable incidents in 2021: Lepidico has a zero-harm health, safety and environment track-record since records began in September 2016.
• Third party Greenhouse Gas evaluation advises Phase 1 emissions are, “low compared with other emission intensities reported or derived from lithium hydroxide production facilities.” Opportunities identified to reduce emissions to industry leading low levels.
• Commitment to the Initiative for Responsible Mining Assurance (IRMA) for independent thirdparty verification and certification on social and environmental performance standards.
• Significant socio-economic benefits in the Karibib region from creation of over 800 direct and indirect jobs, equivalent to 15% of the local population.

Projects

• EPCM works started May 2021, following contract award for the Phase 1 concentrator in Namibia and chemical plant in the UAE to Lycopodium, a highly experienced global engineering and project delivery organisation.
• All permits received for Namibian development; major approvals received for construction of the Abu Dhabi chemical plant and land lease terms agreed.
• Phase 1 operational refinements for production of 4,900tpa lithium hydroxide, plus caesium and rubidium sulphate; competitive AISC estimate of US$3,221/t after by-product credits.
• Product offtakes advanced for lithium hydroxide into the rapidly growing Electric Vehicle supply chain and caesium sulphate to industrial users facing a significant market deficit on the near horizon.

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.