Brisbane, Australia – Lake Resources’ 100%-owned Kachi Lithium Brine Project in Catamarca province, NW Argentina, covers 39 granted mining leases centred around a previously undrilled salt lake within a large lithium brine-bearing basin. Kachi is one of the few salt lakes in Argentina with substantial proven lithium brines controlled by a single owner. The project is located at about 3000 metres altitude, south of …

Brisbane, Australia (ABN Newswire) – Lake Resources‘ (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) 100%-owned Kachi Lithium Brine Project in Catamarca province, NW Argentina, covers 39 granted mining leases (74,380 hectares), centred around a previously undrilled salt lake within a large lithium brine-bearing basin. Kachi is one of the few salt lakes in Argentina with substantial proven lithium brines controlled by a single owner. The project is located at about 3000 metres altitude, south of Livent’s Hombre Muerto Lithium brine operation (NYSE:LTHM) which is Argentina’s longest operating lithium brine project.

Lake aims to bring the project to production by using the efficient, low cost-competitive direct extraction technology from Lake’s technology partner, Lilac Solutions Inc, in California. Lilac has successfully produced high purity lithium chloride eluate from Kachi Project brine samples using its proprietary ion-exchange direct lithium extraction method at pilot plant module scale in California (refer ASX announcement 3 July 2020). Samples of this lithium chloride were further processed into high purity 99.97% lithium carbonate by an independent laboratory, Hazen Research Inc, in Colorado (refer ASX release 6 August 2020; 20 October 2020). Hazen continues to produce lithium carbonate samples for Lake.

Pricing in the lithium carbonate market is largely determined by purity, and the level and type of impurities. The high purity results indicate premium pricing potential, higher than previously envisaged. The Pre-Feasibility Study (PFS) (refer ASX announcement 30 April 2020) was based on achieving 99.9% lithium carbonate and a fixed selling price of US$11,000/t.

To view the report, please visit:
https://abnnewswire.net/lnk/WR730223

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.

Source:
Lake Resources NL

News Provided by ABN Newswire via QuoteMedia

LLKKF

Lake Resources NL Webinar Presentation

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) invites investors to join Lake’s Managing Director, Steve Promnitz and Chairman Stu Crow, together with David Snydacker, CEO of Lilac Solutions Inc., at an investor webinar hosted by Red Cloud Securities Inc. to discuss the companies’ clean lithium technology development.

Please register for the webinar via:
https://www.redcloudfs.com/rcwebinar-lke-2/

For investors who cannot attend the live event, a recording will be automatically sent to all who register via the link above, with a link also to be made available via Lake’s website.

Lake Resources NL and Lilac Solutions, Inc. announced today that after extensive successful testwork, they have entered into a partnership for technology and funding to develop Lake’s Kachi Lithium Brine Project (Kachi) in Argentina. Under the terms of the partnership earn-in, Lilac is able to achieve an equity stake in the Kachi project with certain corresponding project funding obligations, while providing its leading technology to advance the project (see ASX release 22 Sept 2021).

To view the Webinar Presentation, please visit:
https://www.abnnewswire.net/lnk/6Y636L22

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.

Source:
Lake Resources NL

Contact:
Steve Promnitz
Managing Director
+61 2 9188 7864
steve@lakeresources.com.au

Anthony Fensom
Republic PR
+61 (0) 407 112 623
anthony@republicpr.com.au

Henry Jordan
Six Degrees Investor Relations
+61 (0) 431 271 538

News Provided by ABN Newswire via QuoteMedia

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