Local Support for Kachi
Brisbane, Jan 16, 2020 AEST (ABN Newswire) - Lithium explorer and developer Lake Resources NL (
ASX:LKE) (LK1:FRA) has received a vote of confidence from authorities in Argentina, with meetings with provincial governors and regulators reaffirming their support for lithium development and exploration, including Lake's Kachi Lithium Brine Project in Catamarca Province.
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,
To view the full release, please visit:
https://abnnewswire.net/lnk/V23AHBS4
About 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.
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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