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flag Australian lithium firm Lepidico enters administration due to funding failures for its Namibia project.

flag Australian lithium company Lepidico has entered voluntary administration due to failed funding efforts for its Karibib project in Namibia. flag Administrators Richard Tucker and Paul Pracilio of KordaMentha will handle the company's sale and recapitalization. flag Lepidico had sought various strategic options for the project, which aims to extract lepidolite for lithium products, but now faces challenges including a dispute with a Chinese firm over a stockpile agreement.

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