Lepidico Ltd, formerly Platypus Minerals Limited, is a lithium exploration company, which is engaged in the mineral exploration and development, and licensing of L-Max Technology. The Company's geographical segments include Australia, Peru and Canada. Its exploration assets include options over the Lemare and the Royal projects, both in Quebec, Canada, and ownership of the Euriowie project near Broken Hill in New South Wales. The Euriowie project consists of over 50 square kilometers of tenements. The Royal project consists of over five contiguous claims covering approximately 290 hectares in area. The Company also holds interest in the East Pilbara Polymetallic project. The Company's L-Max technology involves the direct atmospheric leach of lithium micas, followed by impurity removal stages and the subsequent precipitation of lithium carbonate. The L-Max process allows the extraction and recovery of lithium from lithium bearing micas, such as lepidolite and zinnwaldite.