25.3 C
Belgrade
Supported byspot_img
spot_img

Lepidico looks at Portuguese options

Member of Europium Groupspot_img
Supported byspot_img

Under the terms of the agreement, Lepidico will spend a minimum of €250 000 on exploration and drilling at Alvarrões over an 18-month period. Exploration will include the evaluation of material from waste dumps, tailings and mine spill.

Lepidico will aim to delineate a Joint Ore Reserves Committee-compliant mineral resource as potential feed for future L-Max processing facilities.

Lepidico is the owner and developer of the hydrometallurgical L-Max process, which involves the direct atmospheric leaching of lithium mica, and impurity removal stages with subsequent lithium carbonate precipitation. Unlike other lithium extraction processes, L-Max does not require large tracts of land for evaporation ponds. It also eliminates the need for costly pyrometallurgical processing.

Supported by

“The company is very much looking forward to working with Grupo Mota, one of Europe’s most highly respected and long-established ceramic industry suppliers. With successful exploration at Alvarrões, we hope to identify significant additional feed material for our future L-Max facilities and Grupo Mota’s ceramics business,” said Lepidico MD Joe Walsh.

Lepidico is currently the target of a takeover offer from fellow-listed Lithium Australia, which is offering one of its own shares for every 13 Lepidico shares held.

Lepidico has urged shareholders not to take any action on the unsolicited bid.

Source: Mining weekly

Supported byElevatePR Digital

Related News

Renewable energy boom spurs demand for copper and critical minerals: Emphasizing responsible mining

The global push towards renewable energy is set to significantly increase demand for critical minerals and metals such as lithium, copper, manganese and rare...

Euro Manganese advances with successful commissioning of high-purity manganese facility

Euro Manganese Inc. has successfully completed the commissioning of its high-purity manganese Demonstration Plant at the Chvaletice Manganese Project in the Czech Republic. This...

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...
Supported by
Supported by
Supported by
error: Content is protected !!