Lepidico Limited announced an updated JORC Code (2012)-compliant Mineral Resource estimate ('MRE') for the Company's 80% owned Karibib Project ('KP') in Namibia, following the infill drill program completed in late 2019. This program achieved its objective of upgrading the predominantly Inferred Mineral Resources into the Measured and Indicated categories. Mineral Resources at Karibib total 11.24 million tonnes grading 0.43% Li2O (0.15% Li2O cut-off) of which 78% of the tonnes are in Measured and Indicated categories versus 34% previously (0.20% Li2O cut-off). The MRE update is based on 5,164 m of additional diamond drilling at the two largest known lepidolite rich pegmatite deposits within the KP, Helikon 1 where 35 holes were drilled and Rubicon where a further 51 holes were completed. Measured and Indicated Resources at Rubicon and Helikon 1, total 8.87 million tonnes grading 0.43% Li2O. For the first time the estimate also includes grades for the accessory metals caesium (Cs), rubidium (Rb) and potassium (K), which are being evaluated as important by-products in Lepidico's Phase 1 Project Feasibility Study.