- Lepidico (LPD) has been granted all environmental permits for its phase one chemical plant site in Abu Dhabi
- This includes approval of the preliminary environmental review and completion of the environmental and social impact assessment
- Additionally, Lepidico has secured all relevant permits for the re-development of the Rubicon and Helikon 1 mines in Namibia
- The company is focused on becoming a vertically integrated lithium miner and producer and has its own registered extraction processes
- Shares last traded at 2.3 cents
Lepidico (LPD) has been granted all environmental permits for its phase one chemical plant site in Abu Dhabi.
The company is planning to build the plant in the Khalifa Industrial Zone, Abu Dhabi, and has received approval from the relevant agency for its preliminary environmental review (PER).
Lepidico has also completed an environmental and social impact assessment (ESIA) to support its debts funding initiatives.
“Approval of the PER and the environmental approval to construct the Chemical Plant is a major advancement for the vertically integrated Phase 1 Project. The ESIA for the Abu Dhabi facility also identifies minimal environmental and social impacts from the development and operation over its 14 year plus life,” said Managing Director Joe Walsh.
“Consideration is now being given to investment in early works and services programmes that will prioritise various critical path workstream to tighten up the Project’s development timetable. Excellent progress continues to be made with regards to product offtake and project finance.”
Additionally, Lepidico has secured all relevant permits for the re-development of the Rubicon and Helikon 1 mines in Namibia as well as for the development of a mineral concentrator at Rubicon.
The company intends to source feedstock for the Abu Dhabi plant from Rubicon which has a mineral resource estimate of 11.24 million tonnes at 0.43 per cent lithium dioxide.
Lepidico is focused on becoming a vertically integrated lithium miner and producer and has its own registered extraction processes.
Shares last traded at 2.3 cents.