https://www.miningweekly.com

Lepidico looks at Portuguese options

9th March 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Takeover target Lepidico has signed a binding term sheet with Grupo Mota over the Alvarrões lepidolite mine, in Portugal.

Under the terms of the agreement, Lepidico will spend a minimum of €250 000 on exploration and drilling at Alvarrões over an 18-month period. Exploration will include the evaluation of material from waste dumps, tailings and mine spill.

Lepidico will aim to delineate a Joint Ore Reserves Committee-compliant mineral resource as potential feed for future L-Max processing facilities.

Lepidico is the owner and developer of the hydrometallurgical L-Max process, which involves the direct atmospheric leaching of lithium mica, and impurity removal stages with subsequent lithium carbonate precipitation. Unlike other lithium extraction processes, L-Max does not require large tracts of land for evaporation ponds. It also eliminates the need for costly pyrometallurgical processing.

“The company is very much looking forward to working with Grupo Mota, one of Europe’s most highly respected and long-established ceramic industry suppliers. With successful exploration at Alvarrões, we hope to identify significant additional feed material for our future L-Max facilities and Grupo Mota’s ceramics business,” said Lepidico MD Joe Walsh.

Lepidico is currently the target of a takeover offer from fellow-listed Lithium Australia, which is offering one of its own shares for every 13 Lepidico shares held.

Lepidico has urged shareholders not to take any action on the unsolicited bid.

Edited by Creamer Media Reporter

Comments

Latest News

Anglo American share price shows traders want a sweeter bid
Anglo American share price shows traders want a sweeter bid
Updated 1 hour 4 minutes ago By: Bloomberg

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.181s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: