A METHOD IS DISCLOSED FOR THE LOW TEMPERATURE PREPARATION OF A LITHIUM BASE LUBRICATING GREASE HAVING THE DESIRED PORPERTIES WHEREIN THE NEED FOR EITHER SHEARING OR MILLING IS ELIMINATED. FURTHERMORE, THE RESULTING GREASE HAS EXCELLENT MECHANICAL STABILITY. THIS METHOD COMPRISES RAISING THE TOP TEMPERATURE OF THE SAPONIFIED MIXTURE TO WITHIN A SPECIFIED NARROW TEMPERATURE RANGE. THE LATTER IS RELATED TO THE ANILINE POINT OF THE LUBRICATING OIL IN THE COMPOSITION WHOSE TOP TEMPERATURE FALLS WITHIN THE AFOREMENTIONED TEMPERATURE RANGE.