Lepidico has embarked on an exploration venture to revisit the historically significant Rubikon and Helikon mines within the Karibib Lithium project.
Led by exploration manager Simon Kahovera, the team’s recent visit aims to prepare for an inaugural drill program at the Berger’s pegmatite.
Discovered in the 1950s, the Rubikon mine, initially operated by Germany’s Klochner Group, produced around 17,000 tons of lithium mineral concentrates through small-scale open pit and underground mining from 1980 to 1994.
Located 750 meters south of Helikon 2-5, Helikon 1 is the largest exposed pegmatite at the project, boasting a 350-meter strike length, an average thickness of 65 meters, and a northward dip of 70°.
The Helikon 2-5 pegmatites cover a discontinuous strike length of 1,700 meters with varying dips and thicknesses.
Situated on Farm Okongava 72, owned by the Namibian Government, the Karibib Lithium Project has a complex ownership history.
Originally owned by the Klochner Group, it changed hands multiple times until Lepidico Limited acquired an 80% interest in Desert Lion Energy (Pty) Ltd in July 2019.
Undergoing subsequent name changes, the project is currently owned 80% by Lepidico Chemicals (Pty) Ltd and 20% by Huni-Urib Holdings (Pty) Ltd.
As Lepidico prepares for an upcoming drill program, the exploration at the historic mines marks a significant step forward in unlocking the potential of the Karibib Lithium project.
