PRESS RELEASE: Lycopodium has offices located in both Australia and Canada, and a strong track record with over 25 years’ experience in minerals project engineering and implementation, making it ideally suited to provide process and engineering services for the study.

The objective of the study is to define an economically and technically viable small commercial scale L-Max plant, to be built in Ontario, Canada, that will treat lithium mica concentrate feeds from a variety of sources. Final process design data is expected to be completed by end December 2017.

Lycopodium has demonstrated its belief in Lepidico’s strategy and the L-Max technology by electing to receive payment for the anticipated fees for its engineering services in Lepidico shares.

Peter De Leo, managing director at Lycopodium, commented: “We are keen to add value to Lepidico’s novel and exciting Phase 1 L-Max plant project through this appointment, and look forward to a long association with Lepidico as both engineer and shareholder.”

Joe Walsh, managing director at Lepidico, said: “Lycopodium is uniquely well placed to provide the high quality, fit for purpose engineering services the company requires to successfully complete the feasibility study within the prescribed budget. Lepidico looks forward to a mutually rewarding long-term relationship with Lycopodium.”