  A lithium depletion boundary is detected in HIP 112312 (GJ 871.1 A and B), a
\~12 Myr old pre-main sequence binary system. A strong (EW 300 mA) Li 6708 A
absorption feature is seen at the secondary (~M4.5) while no Li 6708 A feature
is detected from the primary (~M4). The physical companionship of the two stars
is confirmed from common proper motions. Current theoretical pre-main sequence
evolutionary models cannot simultaneously match the observed colors,
brightnesses, and Li depletion patterns of this binary system. At the age upper
limit of 20 Myr, contemporary theoretical evolutionary models predict too slow
Li depletion. If true Li depletion is a faster process than predicted by
theoretical models, ages of open clusters (Pleiades, alpha Persei, and IC 2391)
estimated from the Li depletion boundary method are all overestimated. Because
of the importance of the open cluster age scale, development of self-consistent
theoretical models to match the HIP 112312 data is desirable.
