LKE Quarterly Activities and App 5B
Brisbane, Jan 31, 2020 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) (LK1:FRA) provide the Quarterly Activities report for the period ending December 31, 2019.
HIGHLIGHTS
- Pre-Feasibility Study (PFS) is near completion for the Kachi Lithium Brine Project in Argentina, a major lithium project in the Lithium Triangle.
- Large volume high purity lithium carbonate with very low impurities to be produced from Lake's Kachi Lithium Brine Project for off-takers in Asia. Delivery to commence from March 2020.
- 20,000 litres of brines currently underway to arrive at pilot plant in California soon after the end of January 2020.
- Pre-production targeted in early 2020 from pilot plant using Lilac Solutions' direct extraction ion exchange methodology expected to produce at the lower part of industry cost curve.
- London based, SD Capital Advisory Limited appointed to secure debt funding of up to US$25 million for DFS, permitting and lithium pre-production from its Kachi Lithium Brine Project in Argentina.
- Capital raising underway for purpose of increasing shareholder value with intent to repay convertible notes; update due by 10 February.
To view the quarterly report, please visit:
https://abnnewswire.net/lnk/XT0ZOC08
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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