Lepidico

Lepidico (AU: LPD)

Currency in AUD

Last close As at 26/01/2023

AUD0.02

▲ 0.01 (100.00%)

Market capitalisation

AUD107m

Overview
Price performance
Financials
Research
Sector insights
Thematics

Via its Karibib project in Namibia and unique IP, Lepidico is a vertically integrated lithium development business that has produced both lithium carbonate and lithium hydroxide from non-traditional hard rock lithium-bearing minerals using its registered L-Max and LOH-Max processes.

Since then, LPD has completed the permitting and approvals processes for construction, awarded two EPCM contracts to Lycopodium, received great results from its resource expansion programme aimed at extending the mine life to >20 years, completed pilot plant trials and made key personnel appointments ahead of a final investment decision in Q1 CY23. In August we valued LPD at A$0.0666/share plus a further 0.63–1.55c/share for a risk-adjusted 20,000tpa LCE Phase 2 plant. This month, an entitlement offer was issued to raise up to A$11.7m.

Latest Insights

Metals & Mining

06.10.22

Lepidico — Quantifying exploration’s dividends

Metals & Mining

26.09.22

Lepidico — Materially extended Phase 1 opportunity

Metals & Mining

05.08.22

Lepidico — Coming in sight of the Rubicon

Metals & Mining

16.02.22

Lepidico — Big swings and small roundabouts

Visit Website

Sector

Metals & Mining

Equity Analyst

Lord Ashbourne

Director, Energy & Resources

Key Management

Joe Walsh

CEO
Shontel Norgate

CFO

Balance Sheet

Forecast net debt (A$m)

112.8

Forecast gearing ratio (%)

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(11.8)	(31.5)	(62.3)
Relative	(8.5)	(33.6)	(59.0)
52 week high/low	A$0.0/A$0.0

Financials

Lepidico’s (LPD’s) patented technologies produce lithium hydroxide (plus by-products) in an eco-friendly way from less contested minerals (eg lepidolite). In May 2020 LPD announced a definitive feasibility study on its Karibib project showing an NPV(8%) of US$221m (A$0.049/share) and an IRR of 31% from the production of 4,900tpa battery grade lithium hydroxide (7,060tpa lithium carbonate equivalent, LCE, including by-products) over 14 years.