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Lepidico Ltd.
Summary
| Project: | Karibib | |
|---|---|---|
| Deposit: | Rubicon, Helikon 1 | |
| Location: | Namibia | |
| Commodities: | Lithium | |
| Date: | 12/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-12-2019: Lepidico Ltd. announces an Exploration/Drilling Update report for its Rubicon, Helikon 1 deposit at the Karibib project. Drilling results incl. 23.52m @ 1.25% Li2O from 0.10m. Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to repo | |
| Resources: | (Resource, I+I): 8.8Mt @ 0.56% Li2O | |
| CP/QP: | [Overall Report]: Tom Dukovcic (Internal) | |
| ABSTRACT: | Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to report additional assay results from the 5,164 m infill diamond drilling program over the Rubicon and Helikon 1 lithium pegmatites, located within the Company’s 80% owned Karibib Lithium Project (“KLP”) in Namibia. The infill drilling program was 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 (2102) compliant Mineral Resource estimates (“MRE”) are scheduled for completion during December 2019. This latest drill program has greatly advanced the understanding of the lithium mineralisation and geology of the zoned LCT-type (Lithium Caesium Tantalum) pegmatites at Karibib. This has enabled the construction of simplified representative geological models that will inform the MRE and consequent Ore Reserve estimates. Initial drilling results were reported on 31 October 2019. The latest results reported herein in Table 1 do not include results previously reported. | |
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