Lepidico - Caesing the opportunity
On 21 October, Lepidico announced that it had produced a high-specification sample of caesium-rubidium formate brine from its pilot plant, which employs its proprietary process technologies, including L-Max® (hereafter L-Max). The brine is reported to have low levels of deleterious elements and to meet key specification criteria for use in the oil and gas industry, where such solutions have properties suitably unique for use as completion fluids (see pages 3–4). Following its acquisition of Desert Lion Energy (DLI) in July, Lepidico intends to produce a revised mineral resource estimate for the Karibib Lithium Project in Namibia in early December, including grades for both caesium and rubidium, which will allow production estimates for these metals to be calculated for the first time.Lepidico is engaged in mineral exploration and the development and licensing of L-Max® technology. Co.'s lithium portfolio of exploration and commercial ventures include the Lemare project in Canada; the Euriowie project near Broken Hill in New South Wales, Australia; Third Element Metals Pty Ltd, a joint venture in Brazil; a joint venture in Argentina; and L-Max® licence arrangements with Lithium Australia Ltd. and European Metals Holdings Limited. Co. also retains its interest in the East Pilbara Polymetallic project, which is located in the East Pilbara region of Western Australia. The L-Max® process allows the extraction and recovery of lithium from lithium bearing micas.
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