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Lepidico Ltd.
Summary
| Project: | Karibib | |
|---|---|---|
| Deposit: | Karibib | |
| Location: | Namibia | |
| Commodities: | Lithium | |
| Date: | 12/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2019: Lepidico Ltd. announces a Resource Estimation report for its Karibib deposit at the Karibib project. Clarification: Mineral Resources at Karibib Lithium Project. Lepidico Ltd (ASX: LPD, “Company”) provides the following supplemental clarificat | |
| Resources: | (Resource, I+I): 8.8Mt @ 0.56% Li2O | |
| CP/QP: | [Overall Report]: Tom Dukovcic (Internal) | |
| ABSTRACT: | Lepidico Ltd (ASX: LPD, “Company”) provides the following supplemental clarification in relation to the Karibib Mineral Resource estimate (“MRE”). As disclosed in the Company’s announcement dated 17 December 2019 (“Further excellent lepidolite infill drilling results from the Karibib Lithium Project”), the Company has recently completed a resource infill drilling program designed to increase data density and geological confidence to allow the estimation of Mineral Resources in the Measured and Indicated categories, and to enable the estimation of maiden Ore Reserves for both Rubicon and Helikon 1. Revised JORC Code (2012) compliant Mineral Resource estimates (“MRE”) are scheduled for completion during December 2019. | |
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