2 Lithium Stocks – LPD And PLS

Below mentioned two lithium stocks have made significant process in the September quarter. Both the stocks have reported significant operational development lately, however, both the companies have reported poor share performance over the period of last six months.

Lepidico Ltd (ASX: LPD)

Lepidico Ltd (ASX: LPD) is a Perth-based lithium company which explores and develops lithium assets, particularly those containing lithium-rich mica minerals. On 18 December 2018, the company announced that its L-Max® Pilot Plant Project, which is currently in the implementation phase has reached a significant milestone with all major items of mechanical equipment ordered and a sample of partially concentrated plant feed secured. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

Further, the company also informed that the Fabrication of its first crystallisers and evaporator is on schedule for completion in December 2018, with the first unit already fabricated. Further, the Fabrication of the steel skids that will house the process equipment has commenced with delivery scheduled for the end of January, which will allow plant construction to commence.  During the September quarter, the company made significant advances in the development of the L-Max® product suite, in collaboration with consultants Strategic Metallurgy Pty Ltd. Further to support this work a process design was finalized for a small-scale L-Max® pilot plant.

As at 30 September 2018, the company was having net cash used in operating activities of $2.12 million and net cash flow from financing activities of $8.02 million. At the end of the September quarter, the company was having cash and cash equivalents of $10.77 million. In the last six months, the share price of the company decreased by 57.14 percent as on 18 December 2018. LPD’s shares last traded at $0.015 with a market capitalization of circa $50.34 million as on 19 December 2018 (AEST 1:22 PM).

Pilbara Minerals Limited (ASX: PLS)

Pilbara Minerals Limited (ASX: PLS) is an emerging lithium and tantalum producer which has recently opened its Pilgangoora Lithium-Tantalum Project which is a major step forward in Pilbara Minerals’ journey to become globally significant lithium and tantalum raw materials supplier. With the opening of its Pilgangoora Lithium-Tantalum Project, the company is now able to undertake shipments of both lithium and tantalite concentrates from the project to its customers. Further, the company has also placed binding off-take agreements for the proposed production under both the current project i.e. Stage 1, and Stage 2 comprising of 2Mtpa and 5Mtpa project respectively.

As at 30 September 2018, the company was having net cash flow from operating activities of $2.428 million, net cash used in investing activities of $43.11 million and net cash flow from financing activities of $11.356 million.  At the end of the September quarter, the company was having cash and cash equivalents of $90.598 million.

Meanwhile, the share price of Pilbara minerals decreased by 20.0 percent as on 18 December 2018. PLS’s shares traded at $0.687 (-4.583% intraday) with a market capitalization of circa $1.26 billion as on 19 December 2018 (AEST 1:50 PM).


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