Friends of Lepidico

Independent Lepidico ( investor news.

[Friends of Lepidico @lepidicans]

Great to read the construction update of the @CornishLithium demonstration plant using low temperature hydrometallurgical processes to extract #lithium from pegmatite micas.
Operational commissioning scheduled for July 2024.
https://t.co/zjUIY702nI

[Friends of Lepidico @lepidicans]

In the currently inflationary environment, #Lithium chemical producer Lepidico turns to solar and storage to reduce its Karibib, Namibia #Lepidolite mine development costs by 20%, through the elimination of a 27 km high voltage power line spur to the mine.
https://t.co/4jPdshAwdW

[Friends of Lepidico @lepidicans]

Lepidico has released a summary of its Sustainability Strategy showing how its production of #Lithium chemical from its #Lepidolite mine in Namibia ticks all the boxes for stakeholders.
Wannabe miners & producers should note how a long-term company should position itself.
@DFCgov

[Friends of Lepidico @lepidicans]

Lepidico is at the 121 Mining conference in Cape Town, Sth Africa.
@DFCgov is also attending.
$LPD.AX is a candidate for USDFC finance for its #lepidolite mine in Namibia, from which #Lithium, #caesium & other critical minerals will be produced.
https://t.co/Is0XYafwhe

[DFC Invests @DFCgov]

This week in Cape Town, DCEO Biswal saw firsthand the growth of @africa_dc. With $300M in DFC financing, the continent’s largest network of data facilities is laying the foundation for a robust digital economy across Africa.

[Friends of Lepidico @lepidicans]

Nature Communications journal published paper shows adding CsNO3 to #Lithium battery electrolytes decreases charging time without reducing battery life. Lepidico's patented process extracts lithium from #lepidolite, with #Caesium as a by-product! $LPD.AX

https://t.co/5EaZEhFB85

[Friends of Lepidico @lepidicans]

Lepidico's MD Joe Walsh presents at @benchmarkmin's World Tour stop in Cape Town, South Africa on 7 February 2024.
$LPD.AX owns a #lepidolite mine in Namibia, and developing a #Lithium chem plant at KEZAD in UAE using its patented low-temp hydrometallurgical process.

[Friends of Lepidico @lepidicans]

Are opex funding concerns about to be resolved for #Lithium chemical producer start-up Lepidico?
Agreed Terms Sheets typically lead to supply agreements, so $LPD.AX will earn revenue from selling its beneficiated #lepidolite ore as it finalises project funding.

[Friends of Lepidico @lepidicans]

Which "multinational corporations" are Lepidico referring to in its 2023Q4 report for investment in $LPD.AX's #Lithium chemical plant?
A corporation will surely be easier for @DFCgov to undertake its due diligence on, than a UAE government dept.

[Friends of Lepidico @lepidicans]

Lepidico will attend the Cape Town, South Africa 121 Mining Investment Meeting on 5/6 Feb 2024.
$LPD.AX will meet prospective investors & discuss its low temp hydro-metallurgical #Lithium process that retains #Caesium & Rubidium by-products.
https://t.co/Is0XYafwhe

[Friends of Lepidico @lepidicans]

Lepidico hosted visits by prospective strategic partners prior to the inaugural drill campaign at Berger's Farm (part of @ProspectResLtd Omaruru #lithium tenement).

[Friends of Lepidico @lepidicans]

Your assessment for #lithium from #lepidolite is based on old roasting processes @sparkes_dwayne, with huge energy use & solid waste to manage.

It ignores low-temp hydrometallurgical processing with ZERO solid waste used by Lepidico to process lepidolite, retaining Cs and Rb.

[Dwayne Sparkes @sparkes_dwayne]

No coffee today as I spat it out reading Goldman Sachs' lithium supply table which popped up in my twitter feed.

What i find most intriguing about this table is that it states the majority of lithium supply will come from China itself, in particular internal lepidolite and brine.

In my opinion, this is unrealistic and the numbers don't quite seem logical. Lets break down the lepidolite numbers:

They are predicting that 462,000t of LCE will be produced internally from Chinese lepidolite in the year 2030.

Using a previous post of mine (i'll put the link in the comments below), for a lepidolite ore of grade 0.55%, you need approximately 14 tonnes of lepidolite to get SC6 equivalent. Roughly 6 tonnes of SC6 is needed for 1 tonne of LCE.

You need around about 14 * 6 = 84 tonnes of lepidolite ore grading 0.55% to get 1 tonne of LCE... 🤯

84 * 462,000t LCE = 38,808,000 tonnes of ore grading 0.55% to meet 2030 yearly output prediction alone. That's 6 years away...

The largest documented lepidolite mine within China is the "414 Mine". Approximately has 130Mt @ 0.38% li2O. That's roughly equivalent to a #GL1 Manna deposit in terms of contained lithium. Plug the above 0.38% into the previous calc and you're almost processing half of China's biggest documented lepidolite deposit yearly... Defies logic for me.

Also, the above is just talking about pure tonnage. The waste products (which i've touched on in previous posts) from the deleterious elements (iron, fluorine, potassium, etc.) within lepidolite will be astronomical. There are already reports of converters sending ore back and tailing storages blowing out in size. How is it going to look when you are processing 38Mt+ of low grade lepidolite ore a year?

Lepidolite contains more deleterious elements than spodumene, is generally lower grade, is slower and more difficult to process, especially in the leaching stage. I'm sticking to my view that the lepidolite deposits and stockpiles get exhausted soon and that the processing of lepidolite is a short term attempt by China to squash the market. IMO there is no chance lepidolite will ever be cheaper than spodumene to process and it isn't a realistic solution to meet future lithium demand. Cheers for reading.

[Friends of Lepidico @lepidicans]

#lepidolite is a valuable #Lithium source, but real value comes when Lepidico's low temp hydrometallurgical process (with zero solid waste) replaces roasting.

#caesium & #rubidium (burnt off by roasting) adds more value to $LPD.AX's process.
@ElectriosH

https://t.co/Oq6NqmV76P

[Friends of Lepidico @lepidicans]

@CornishLithium's Jeremy Wrathall presents to the Global Mining Finance Conf. in London, explaining Cornwall geography & how Lepidico's L-Max & LOH-Max tech extracts #Lithium (with #Caesium, Rubidium by-products) from granite (at 14:15).

@BritGeoSurvey

https://t.co/g2GI9oHQ2I

[Friends of Lepidico @lepidicans]

Good interview with @CornishLithium's Neil Elliot (from 1:20) discussing the use of Lepidico's L-Max and LOH-Max low temperature hydrometallurgical lithium chemical process to extract #Lithium from Cornish granite.

https://t.co/R978UPgRr9…

@CMA_Minerals

[Friends of Lepidico @lepidicans]

Lepdico's MD Joe Walsh(r) and Hans Daniels(l) join WA Climate Action minister Hon. Reece Whitby MLA(c) in UAE for COP28.
The global focus on climate action & sustainability at #COP28 aligns with $LPD.AX's plans for its zero solid waste #Lithium chemical plant @kezadgroup in UAE.

[Friends of Lepidico @lepidicans]

#Lithium chemical company Lepidico has been selected to join the West Australian Government Business Mission to UAE during COP 28.
With excellent green credentials, $LPD.AX will showcase its #Lepidolite mine in Namibia & proposed lithium chemical plant in Abu Dhabi.

[Friends of Lepidico @lepidicans]

IBIS Consulting revised Lepidico's GHG Scope 1, 2 & 3 emissions estimates for it's #Lepidolite mine & #Lithium chem plant.

At 12.57 tCO₂e/t LiOH, it's 43% below hard rock industry average of 22.30 tCO₂e/t LiOH.

Low temp hydrometallurgical process Vs roasting?
No contest!

[Friends of Lepidico @lepidicans]

Lepidico released its Sustainability & Climate Change Strategy - essential for prospective lenders.
Long term success of $LPD.AX's mine & #lithium chemical plant is based on a sustainability strategy for the planet, people, partnerships & Process and prosperity.

[Friends of Lepidico @lepidicans]

@CornishLithium has started assembly of its pilot plant that uses Lepidico's patented low temperature hydrometallurgical process, to extract #Lithium from granite micas, and valuable #caesium and #rubidium by-products.

[Cornish Lithium @CornishLithium]

We're powering ahead with the construction of our new demonstration plant at the TreLith Processing Site near St Dennis. Key elements of the demonstration plant have started to arrive on site, marking an exciting milestone in our hard rock lithium extraction project.

[Friends of Lepidico @lepidicans]

Lepidico's Joe Walsh presents to @TheAusIMM Critical Minerals conf in Perth, Australia. He discussed $LPD.AX's patented low temperature hydrometallurgical process used to extract #Lithium from #lepidolite, that retains #caesium and #rubidium by-products.
@CMA_Minerals
@CMA_AUS