Lepidico Ltd (ASX:LPD) High Court ruling in Namibia

Lepidico Ltd (ASX:LPD) has received a favorable ruling from the High Court of Namibia, granting access to Public Road FR 1965. The ruling allows Lepidico to proceed with its exploration activities on a neighboring property, resolving a matter that has hindered its operations for close to a year.

Lepidico's Managing Director, Joe Walsh, on the High Court ruling

We are pleased to have this matter resolved, which has held up exploration activities for close to a year. We can now move forward with our plans to evaluate high-priority exploration targets where lepidolite is visible in outcrop. The Company has always worked cooperatively and collaboratively with local stakeholders, and is proactive in its support of the local farming community. We aim to maintain and foster solid relationships with all our stakeholders.

Summary of High Court ruling and outlook

The High Court of Namibia has ruled in favor of Lepidico, granting access to Public Road FR 1965, enabling the company to proceed with its exploration work on a neighboring property. This resolution allows Lepidico to finalize negotiation of a new exploration field work agreement, including work dates with a neighboring farm where priority drill ready lepidolite targets are located. Lepidico's Managing Director, Joe Walsh, expressed satisfaction with the resolution and emphasized the company's commitment to maintaining solid relationships with all stakeholders. Looking ahead, this ruling paves the way for Lepidico to progress with its exploration plans and evaluate high-priority exploration targets, contributing to the company's ambitions of sustainable lithium production and further project developments.