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Lake Resources NL

ASX:LKE ISIN:AU000000LKE1

Lake ResourcesLake Resources NL (ASX:LKE) is a lithium exploration and development company focused on developing its three lithium brine projects and 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 (~200,000Ha) secured in 2016 prior to a significant 'rush' by major companies. The large holdings provide the potential to provide consistent security of supply demanded by battery makers and electric vehicle manufacturers.

The Kachi project covers 69,000 ha over a salt lake south of FMC's lithium operation and near Albemarle's Antofalla project in Catamarca Province. Drilling at Kachi has confirmed a large lithium brine bearing basin over 20km long, 15km wide and 400m to 800m deep. Drilling over Kachi (currently 16 drill holes, 3100m) has produced a maiden indicated and inferred resource of 4.4 Mt LCE (Indicated 1.0Mt and Inferred 3.4Mt) within a 8-17 Mt LCE exploration target (refer ASX announcement 27 November 2018).

A direct extraction technique is being tested in partnership with Lilac Solutions, which has shown 80-90% recoveries and lithium brine concentrations in excess of 3000 mg/L lithium and 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 Olaroz-Cauchari and Paso brine projects are located adjacent to major world class brine projects either in production or being developed in the highly prospective Jujuy Province. 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.

Two drill rigs are currently drilling at Cauchari with results anticipated to extend the proven resources in adjoining properties into LKE's area with results anticipated from November 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 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. These transactions imply an acquisition cost of US$55-110 million per 1 million tonnes of lithium carbonate equivalent (LCE) in resources.

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.

    

News

Lake Resources NL (ASX:LKE) Hazen Appointed As Independent Lab to Produce Battery-Quality Lithium Carbonate

🕔8/6/2020 9:07:03 AM 1065

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has appointed Hazen Research Inc (Hazen), a Colorado-based independent assay laboratory, to produce larger samples of battery quality lithium carbonate for supply to potential off-takers and other interested parties.

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Lake Resources NL (ASX:LKE) To present at OTC's Virtual Investor Conference

🕔8/4/2020 12:29:27 PM 1274

Lake Resources NL (ASX:LKE) invites North American based individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations in OTC's Conference on VirtualInvestorConferences.com

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Lake Resources NL (ASX:LKE) Quarterly Report

🕔7/31/2020 4:17:04 PM 496

Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is a lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium products from its flagship Kachi Project (4.4mt LCE resource), as well as three other lithium brine projects in Argentina.

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Lake Resources NL (ASX:LKE) Lake in USA MicroCap Virtual Conference August 3

🕔7/31/2020 10:06:38 AM 876

Lake Resources (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) invites North American and UK/European based individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations in OTC's Conference on VirtualInvestorConferences.com

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Lake Resources NL (ASX:LKE) Lilac Continues Producing High Concentration Li Chloride

🕔7/30/2020 10:04:15 AM 665

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) with its technology partner, Lilac Solutions Inc, report that high concentrations of lithium chloride are being consistently produced from Lilac's direct lithium extraction (DLE) pilot plant module.

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Lake Resources NL (ASX:LKE) Presents in Benchmark World Tour on Lithium Brines

🕔7/28/2020 10:50:07 AM 899

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has announced that Lake's Managing Director , Steve Promnitz, will present in Benchmark Mineral Intelligence World Tour Online, with a focus on lithium brines and Argentina.

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Lake Resources NL (ASX:LKE) Noosa Virtual Conference 15 July 2020

🕔7/13/2020 9:41:18 AM 1170

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announced today that Steve Promnitz, Managing Director, will present at the Noosa Mining Virtual Conference on Wednesday 15 July at 5pm AEST (Brisbane), 8am GMT (London).

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Lake Resources NL (ASX:LKE) First Samples Successfully Produced from Pilot Plant

🕔7/3/2020 9:26:44 AM 925

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) together with its technology partner, Lilac Solutions Inc, announced today another step towards the delivery of high purity, responsibly sourced lithium, with the first samples of lithium chloride successfully produced from Lilac's direct lithium extraction pilot plant.

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Lake Resources NL (ASX:LKE) Lilac Pilot Plant Commissioning Completed Using Kachi Brines

🕔6/25/2020 9:43:17 AM 1123

Lithium explorer and developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) together with its technology partner, Lilac Solutions Inc, announced today the completion of commissioning of its direct lithium extraction pilot plant module dedicated for the Kachi Lithium Brine Project.

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Lake Resources NL (ASX:LKE) Lilac Resumes Operations on Kachi Brines

🕔6/9/2020 10:16:28 AM 1189

Lithium explorer and developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announced today that its technology partner, Lilac Solutions, is resuming operations this week with its direct extraction pilot plant module for the Kachi project following the loosening of "shelter in place" restrictions and the removal of curfews.

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Company Data

    Headquarters
  • Suite 2, Level 10
    70 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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