10x chromium x9/25/2023 ![]() The study was based on Kachi's indicated resource of 1.01 MtLCE at 290 mg/L lithium. In February 2020, Lake Resources released a prefeasibility study ( PFS) for its Kachi lithium project, which indicated an annual production target of approximately 25,500 tonnes of battery-grade lithium carbonate using Lilac Solutions' direct lithium extraction (DLE) technology. The resource remains open to a depth of approximately 700 meters and opens laterally, where drilling is underway to better define the resource extent. Surrounding the M&I resources are inferred resources of 3.1 Mt LCE defined over 117 square kilometers. ![]() Additional drilling has upgraded and increased confidence in the resource in the central area of the salar, with measured and indicated (M&I) resources of 2.2 Mt of LCE defined, to a depth of 400 meters over 81 square kilometers. In 2023, Lake Resources provided an update on the resource estimates in 2023. Lake Resources has five lithium projects in the heart of the Lithium Triangle but is primarily advancing its wholly owned Kachi lithium project, approximately 100 kilometers south of the FMC Lithium (NYSE: LTHM) Hombre Muerto lithium brine production site. ![]() The projects lie within one of the most sizable, wholly owned land packages amongst the largest players within the Lithium Triangle - home to 40 percent of the world's lithium supply. Lake Resources (ASX: LKE,OTCQB:LLKKF) is a lithium development company focused on producing high-purity, sustainable lithium at a low cost from its four lithium brine projects in Argentina. The country’s lithium mining pipeline consists of two that are currently operational, 13 planned and dozens under consideration. The bullish outlook could be traced back to lithium-ion battery’s ability to charge faster and store higher power capacity in a lighter package.Īlthough Australia, Chile and China have long been the world’s top lithium producers for years, Argentina has now emerged at the forefront accounting for 21 percent of the world’s reserves. Battery-powered cars could reach a 40 percent increase in global sales and the demand for lithium is expected to double to 1. The electric vehicle boom is unstoppable. This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.Ĭontact: Nigel Kassulke at Teneo M: +61-407-904-874 E: Global: Karen Greene SVP, Investor Relations Australia: Anthony Fensom Republic PR +61 (0) 407 112 623 Provided by ABN Newswire via QuoteMedia *To view the full quarterly report, please visit: Ībout Lake Resources NL: Lake Resources NL ( ASX:LKE) (OTCMKTS: LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha. Lake is well funded with a cash balance of $A90.1 million and no debt at 30 June 2023. Lindsay Bourg as Chief Accounting Officer. During the quarter, Lake further strengthened its management team with the addition of Ms. Based on the growing resource base and following a rigorous project reassessment, Lake provided a significant and comprehensive operational update on 19 June 2023, with revised project timelines and a two-phased approach to production. Additionally, the update revealed the growth of inferred resource at Kachi, supporting further potential expansion opportunities. Sydney, Australia (ABN Newswire) - Lake Resources NL's ( ASX:LKE) (FRA:LK1) (OTCMKTS: LLKKF) recent JORC update revealed a 37% increase to Measured, higher grade resource at Kachi, supporting 25+ years of supply life.
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