Lepidico (LPD)

Business description

Lepidico provides exposure to a portfolio of lithium assets via its wholly owned properties, JVs and IP in Australia, Canada and Europe. Uniquely, it has successfully produced lithium carbonate from non-traditional hard rock lithium bearing minerals using its registered L-Max® process technology.

Stock data

Market cap.A$155.5m
Last closeA$0.05
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net cash (A$m)14
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(12.9)(22.9)285.6
Relative *(12.2)(22.7)272.4

* % Relative to local index

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Company news

Why the Lepidico Ltd share price is up 173% in a month

Mon, 13 Nov 2017 01:30:00 GMT

Technical Review on Shares of Lepidico Ltd (LPD.AX)

Sat, 24 Feb 2018 12:24:48 GMT

Needle Action Activity Spotted in Lepidico Ltd (LPD.AX) As Shares Tick -0.001

Fri, 23 Feb 2018 10:58:50 GMT

The Lepidico Ltd share price is up 42% today

Tue, 14 Nov 2017 04:41:15 GMT

Lepidico Ltd (LPD.AX) Chikou Signal Under Review

Tue, 20 Feb 2018 12:56:15 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 0.1 (0.5) (2.3) 0.0 N/A N/A
2017A 0.1 (0.8) (5.4) 0.0 N/A N/A
2018E 0.0 (0.9) (3.4) 0.0 N/A N/A
2019E 0.0 (0.9) (5.4) 0.0 N/A N/A

Last updated on 19/01/2018

Latest research

Investment summary

Lepidico's disruptive (patent-pending) L-Max® metallurgical technology recovers lithium from overlooked minerals such as lepidolite (a form of mica). The process uses readily available chemicals and large-scale tests have demonstrated stable and continuous operation. A recent PFS estimated C1 cash costs of lithium carbonate production at near zero net of by-products for a 3,000tpa operation (Phase 1). Engineered design for such a plant has now been completed and a 67-100% capacity expansion is being evaluated. A full feasibility study is scheduled for Q318.

Last updated on 02/02/2018

Industry outlook

Lepidico’s strategic imperative is now the development of the Phase 1 plant as well as the completion of a feasibility study on an industrial-scale operation. Conceptual estimates for a Phase 2 plant envisage producing c 7x as much lithium carbonate, for 3.4x as much capex to generate 8x as much NPV. In the meantime, exploration continues apace and the company has raised A$7.0m including via a strategic partnership with Galaxy.

Last updated on 02/02/2018

Key management

Joe Walsh, MD
Shontel Norgate, CFO

Company address

Level 1, 254 Railway Pde
West Leederville
WA 6007
Australia
+61 (08) 9363 7800
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