Lepidico Limited (AU:LPD) has released an update.
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Lepidico Limited is moving forward with strategic partnerships and innovative technologies to enhance the cost-effectiveness and sustainability of its lithium mica processing, with due diligence by state-owned and private entities ongoing for investment and lithium offtake. The company is optimizing the Karibib project to reduce capital expenditure while planning for long lead time equipment orders upon securing finances. Interest in their lithium concentrate has grown, aligning with the broader lithium market’s soft conditions, but with future market deficits predicted, Lepidico is focusing on advancing to free cash flow generation.
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