Locked gate blocks lithium exploration
Lepidico embroiled in legal dispute
Lepidico has approached the Windhoek High Court regarding a local property owner who has locked a gate, denying access to a public road.
Lepidico Chemicals Namibia, a prospective lithium producer, is currently embroiled in a legal dispute due to a blocked access road leading to a drilling prospect. The company announced in an investor update that exploration activities were largely limited due to the blocked road access to a priority drill target. To resolve the issue, Lepidico has approached the Windhoek High Court regarding a local property owner who has locked a gate, denying access to a public road.
“It is expected that the situation will be resolved in the June quarter, which should allow ground access to this lithium-cesium-tantalum pegmatites target with visible lepidolite in outcrop," the company said.
Lepidico is also working on a scoping study to evaluate the characteristics of its planned mining project. It aims to extend the operating life of the Phase 1 project to over 20 years, expand the resource base to support the Phase 2 scoping study, and evaluate its Karibib licences for their gold potential.
Lepidico is a global lithium exploration and development company listed on the Australian Stock Exchange (ASX), with offices in Toronto, Canada, and Perth, Australia. The company's unique point of difference is its proprietary processing technology, L-Max, which focuses on lepidolite and other lithium micas.
Lepidico is actively engaged in maximising the value of its exploration assets by executing targeted programmes focused on a variety of metals, including lithium, caesium, rubidium, gold and copper.