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Lithium Power International (ASX: LPI)

Last close As at 15/04/2024

AUD0.56

— 0.00 (0.00%)

Market capitalisation

AUD362m

Lithium Power International’s (LPI’s) main asset is its 100% interest in the Maricunga lithium brine project in Chile; subject to funding, stage 1 is expected to produce 15.2ktpa of high-grade lithium carbonate from 2026. It sold its lithium assets in Western Australia to Albemarle in July 2023.

Latest Insights

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Metals & Mining | Flash note

Lithium Power International — Sale of Australian assets agreed

Metals & Mining | Update

Lithium Power International — Lower risk, higher reward

Metals & Mining | Update

Lithium Power International — Lithium price upgrade calls for higher valuation

Metals & Mining | Flash note

Lithium Power International — Carbonate purity above industry standards
Mining Exploration_Lithium power
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Equity Analyst

Andrey Litvin

Energy and Resources Analyst

Harry Kilby

Analyst

Key Management

  • Andrew Phillips

    CFO

  • Martin Holland

    CEO

Balance Sheet

Forecast net cash (A$m)

13.9

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.9 3.7 59.2
Relative 0.1 (4.9) 49.0
52 week high/low A$0.6/A$0.2

Financials

Lithium Power International (LPI) has entered into a binding agreement to sell its 100%-owned Australian lithium tenements to Albemarle. This is an all-cash transaction that will see LPI receive A$29m on completion, which is expected in early July 2023. The company will use the proceeds to further advance its flagship Maricunga lithium project in Chile. The deal is positive in our view in that it allows LPI to significantly extend its cash runway without further diluting its shareholders.

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2021A 0.0 N/A (6.0) (2.16) N/A N/A
2022A 0.0 N/A (12.6) (3.77) N/A N/A
2023E 0.0 N/A (2.7) (0.55) N/A N/A
2024E N/A N/A N/A N/A N/A N/A

Research

Mining Exploration_Lithium power

Update

Metals & Mining

Lithium Power International — Lower risk, higher reward
Mining Exploration_Lithium power

Update

Metals & Mining

Lithium Power International — Lithium price upgrade calls for higher valuation
Mining Exploration_Lithium power

Metals & Mining

Flash note

Lithium Power International — Sale of Australian assets agreed

Mining Exploration_Lithium power

Thematics

thematic

Metals & Mining

Shades of the 1970s

thematic

Metals & Mining

Critical minerals: The investment vacuum
samuel-scrimshaw-kp_87tExCwI-unsplash

thematic

Metals & Mining

Lithium’s adolescence

thematic

Metals & Mining

Lepidico: Offer closes, oversubscribed
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