Sign up Australia
Proactive Investors - Run By Investors For Investors

Platypus Minerals in cash raiser for lithium due diligence

 Platypus Minerals in cash raiser for lithium due diligence

Platypus Minerals (ASX:PLP) is looking for additional lithium investments beyond its one month "look" agreement to evaluate the acquisition of New South Wales lithium explorer Lepidico Ltd.

The company will raise $350,000 through the issue of 70 million shares at an issue price of $0.005 each for due diligence over the proposed acquisition of unlisted Lepidico.

That company holds an application for an Exploration Licence over the Euriowie Prospect near Broken Hill where historical workings contain lithium bearing micas and elevated levels of lithium in rock chip samples.

Lepidico owns the L-Max technology, a proprietary metallurgical process that has the potential to commercially extract lithium and other byproducts from unconventional sources at a competitive cost.

This disruptive technology could bring into play largely overlooked lithium-bearing micas such as lepidolite and zinnwaldite as lithium supply.

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Register here to be notified of future PLP Company articles
View full PLP profile

Platypus Minerals Timeline

January 28 2016

Related Articles

February 03 2017
Brad Lingo discussed with investors ELK's assets in the U.S.
July 20 2016
Base Resources has a top quality mineral sands asset at Kwale and looks poised to benefit from a recovery in the market
January 28 2017
Rainmaker Resources may have been conspicuous by its absence from news feeds for a few months and its shares may be towards the bottom of its historical range, but investments are made of far more than that

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.