Lepidico Ltd. announced an update on its Ore Reserve estimate at its 80% owned Karibib Project in Namibia, which has added a further 1.16M t @ 0.62% Li2O into Probable Reserves. The estimate was prepared by Australian Mine Design and Development Pty Ltd. (AMDAD). The estimation work is reported in accordance with the requirements of the JORC Code (2012).

Inaugural Ore Reserve estimates for Helikon 4 and lepidolite-rich surface stockpiles add 1.16M t at 0.62% Li2O, 56% higher grade than the combined Rubicon and Helikon 1 estimate Total Phase 1 Project Ore Reserve tonnes increase by 14%, extending operating life to 19 years Total Ore Reserves stand at 9.4M t @ 0.43% Li2O with a life of mine strip ratio of just 2.8 to 1 Drilling over Helikon 2, 3 and 4 to start this month with the objective of extending operating life to over 20 years.