Dec 7 (Reuters) - Lepidico Ltd LPD.AX :
* ENTERED A STRATEGIC COLLABORATION WITH CORNISH LITHIUM
* WILL ISSUE CLL 100 MILLION OPTIONS TO ACQUIRE FULLY PAID ORDINARY SHARES WITH A TWO YEAR EXPIRY AND A STRIKE PRICE OF A$0.016
* COLLABORATION TO FOCUS ON FAST TRACKING DEVELOPMENT OF NEW LITHIUM CHEMICAL MANUFACTURING CENTRE