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Lake Resources NL

ASX:LKE ISIN:AU000000LKE1

Lake Resources NL (ASX:LKE) is a lithium exploration and development company focused on developing its 3 lithium brine projects and 1 hard rock project in Argentina, all owned 100%. The leases are in a prime location among the lithium sector's largest players within the Lithium Triangle where half of the world’s lithium is produced. Lake holds one of the largest lithium tenement packages in Argentina (~180,000Ha) secured in 2016 prior to a significant 'rush' by major companies. The large holdings provide the potential to provide security of supply demanded by battery makers and electric vehicle manufacturers.

The Kachi project covers 50,000 Ha over a salt lake south of FMC's lithium operation and near Albemarle's Antofalla project. Drilling at Kachi has confirmed a large lithium brine bearing basin over 22km long and over 400m deep. Drilling over Kachi is aimed to produce a resource statement in 2018, anticipated in Oct 2018. A direct extraction technique is planned to be trialled on site in tandem with conventional methods as part of a PFS to follow the resource statement. Scope exists to unlock considerable value through partnerships and corporate deals in the near-term.

The three key brine projects, Kachi, Olaroz/Cauchari, and Paso, are located adjacent to major world class brine projects either in production or being developed in the highly prospective Jujuy and Catamarca Provinces. The Olaroz-Cauchari project is located in the same basin as Orocobre's Olaroz lithium production and adjoins Ganfeng Lithium/Lithium Americas Cauchari project, with high grade lithium (600 mg/L) with high flow rates drilled immediately across the lease boundary.

A drill rig has been mobilised to Cauchari with results anticipated to extend the proven resources in adjoining properties into LKE's area with results anticipated from late October into December 2018. This will be followed by drilling extensions to the Olaroz area in LKE's 100% owned Olaroz leases.

Significant corporate transactions continue in adjacent leases with development of Ganfeng Lithium/Lithium Americas Cauchari project with Ganfeng announcing a US$237 million for 37% of the Cauchari project previously held by SQM. Nearby projects of Lithium X were recently acquired via a takeover offer of C$265 million completed March 2018. The northern half of Galaxy's Sal de Vida resource was purchased for US$280 million by POSCO in June 2018.

The demand for lithium continues to be strong for lithium ion batteries in electric vehicles, according to recent data from the leading independent battery minerals consultant - Benchmark Mineral Intelligence. Supply continues to be constrained suggesting good opportunities for upstream lithium companies for many years.

   

News

Lake Resources NL (ASX:LKE) Lilac Extraction Process Shows Potential

🕔12/10/2018 9:53:45 AM 1171

Argentine-focused lithium exploration and project development company Lake Resources NL ASX:LKE) (FRA:LK1) announced today that its plans for a low-cost, rapid production lithium mine with significantly high lithium recoveries have received a boost, following the results of a Phase 1 Engineering Study conducted by California-based Lilac Solutions, Inc.

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Lake Resources NL (ASX:LKE) Investor Presentation

🕔11/28/2018 11:15:51 AM 740

Lake Resources NL (ASX:LKE) provides the Company's latest Investor Presentation.

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Lake Resources NL (ASX:LKE) Large Maiden 4.4mt LCE Resource Estimate for Kachi Project

🕔11/28/2018 9:11:35 AM 785

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) is pleased to release a large maiden resource estimate for Lake's 100% owned Kachi Lithium Brine Project in Argentina.

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Lake Resources NL (ASX:LKE) 2018 AGM Presentation

🕔11/13/2018 9:56:53 AM 1517

Lake Resources NL (ASX:LKE) is pleased to present the 2018 AGM Presentation with investment highlights.

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Lake Resources NL (ASX:LKE) Expansion of Leases as Kachi Brine Project Continues to Grow

🕔11/7/2018 10:06:16 AM 1347

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) (FRA:LK1) is pleased to release new information regarding an expanded and consolidated package of mining leases covering the large maiden exploration target on Lake's 100% owned Kachi Lithium Brine Project

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Lake Resources NL (ASX:LKE) Drilling Advances at Cauchari Lithium Brine Project

🕔11/2/2018 9:47:29 AM 1858

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) has advanced drilling at the 100% owned Cauchari Lithium Brine Project. Two drill rigs are now on site, a rotary rig drilling 100 metre pre-collar holes through gravels to fast-track diamond drilling into the targeted brines.

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Lake Resources NL (ASX:LKE) Quarterly Activities Report

🕔11/1/2018 10:51:42 AM 1500

Lake Resources NL (ASX:LKE) provides the Company's Quarterly Activities Report.

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Lake Resources NL (ASX:LKE) Engineering Works Confirm High Lithium Recoveries at Kachi

🕔10/29/2018 10:08:32 AM 1486

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) and Lilac Solutions, Inc. are pleased to report very high lithium recoveries from brines as part of Phase 1 engineering work to develop Lake's 100%-owned Kachi Lithium Brine Project in Argentina.

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Lake Resources NL (ASX:LKE) Drilling Advances at Kachi with Consistent Assay Results Delivered

🕔10/22/2018 10:59:39 AM 1691

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) has extended drilling activities at its 100%-owned Kachi Lithium Brine Project in Catamarca Province with assay results reinforcing the large scale and quality of the discovery.

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Lake Resources NL (ASX:LKE) Drilling Underway at Cauchari Lithium Brine Project

🕔10/18/2018 9:54:37 AM 1837

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) has started drilling at the 100% owned Cauchari Lithium Brine Project.

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Company Data

    Headquarters
  • Level 5
    126 Phillip Street
    Sydney, NSW 2000
    Australia
  • Telephone
  • +61-2-9188-7864 
  • Principal Sector
  • Materials 
  • Principal Industry
  • Materials 
  • Listed
  • 2001/08/29 
  • Homepage
  • www.lakeresources.com.au

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