Local Support for Kachi
The meetings, held with governors and regulators in Jujuy, Catamarca and in Buenos Aires, focused on the need to secure new forms of export income in each of the lithium provinces and under the direction of the new federal government. This included support for lithium development and exploration, while ensuring environmentally and socially responsible development in line with international best practice. This follows similar comments made in meetings prior to the recent elections.
The recent talks included members of Lake's local subsidiary, Morena del Valle S.A, a company established in Catamarca which employs primarily local people.
Lake's Managing Director Steve Promnitz said: "We are pleased with the continued support of regulators and government in the provinces in which we operate in Argentina and it clearly demonstrates their commitment to supporting more foreign investment in the sector when local concerns are recognised. As shareholders are aware, recent national elections in Argentina have resulted in a change of party and leadership and ongoing support from new members of government is always important.
"Such support is vital as Lake moves towards the development of what is undoubtedly a very large new lithium project at Kachi based on a potentially ground-breaking direct extraction process,
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About Lake Resources NL
Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.
This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.
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