Lake Resources NL Stock Market Press Releases and Company Profile
Quarterly Report
Quarterly Report

Brisbane, Aug 1, 2018 AEST (ABN Newswire) - Lake Resources NL (googlechartASX:LKE) is an exploration and development company with one of the largest lithium lease holdings in Argentina of 180,000 hectares, including areas under option with four prime lithium projects: 3 brine projects and 1 hard rock project. Each project is capable of being a 'company maker'.

These include the Kachi Lithium Brine Project which covers ~54,000 ha of consolidated mining leases over a previously undrilled salt lake; the Olaroz/Cauchari and Paso Projects in Jujuy province adjacent to Orocobre and SQM/Lithium Americas; and the Catamarca Pegmatite Lithium Project (~72,000 ha), under option, with large pegmatite swarms over 150km of strike.

HIGHLIGHTS

- Four prime lithium projects - 3 brine projects and 1 hard rock project in Argentina - with one of the largest lithium lease holdings in Argentina of 180,000 hectares, including areas under option.

- Exciting maiden discovery confirmed - Kachi Lithium Brine Project - large scale, deep salt lake basin 22 x 8 kilometres, over 400 metres deep

- Kachi is a similar size to globally significant lithium producers - and 100% Lake owned

- Best results to date are 306 mg/L lithium over 300 m depth from near surface at Kachi in conductive permeable brine with low impurities and a low Mg/Li ratio of 4.3

- Drilling ongoing to produce a maiden resource at Kachi in the coming months, anticipated in October.

- Approval to drill the Olaroz-Cauchari leases is nearing completion, ready to drill in the coming weeks.

- The Olaroz-Cauchari leases adjoin lithium brine production of Orocobre and development projects that have over 15 million tonnes LCE (Lithium Carbonate Equivalent) in Jujuy in the same basin as Orocobre and SQM/Lithium Americas. A landmark agreement was signed with Jujuy Province that confirmed tenure.

- Lake secured a A$1.9 million option underwriting agreement for the listed 10c options, LKEO, expiry 27 August 2018, which supports drilling activities.

- Corporate activity continues in Argentina with US$280 million being paid for a 1.1 million tonne resource of Galaxy, located ~100km north of Kachi.

A maiden resource estimate is anticipated in the coming months at the Kachi project. The large scale with a single owner appeals to battery makers and is well suited to a strategic investment/partnership. Drilling on the Cauchari and Olaroz leases will commence soon, which appear to be extensions of known lithium resources that have over 15 million tonnes LCE (Lithium Carbonate Equivalent).

To view the full report, please visit:
http://abnnewswire.net/lnk/1AY74R91


About Lake Resources NL

Lake ResourcesLake 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.

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.

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Contact

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au



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