Lilac Advances Pilot Plant Testing With Kachi Brine

Lilac Advances Pilot Plant Testing With Kachi Brine

Lake Resources NL (ASX:LKE) announced today that testing has been progressing of lithium brine samples from Lake’s Kachi Lithium Brine Project using its U.S. technology partner Lilac’s direct extraction ion exchange pilot plant module in Oakland, California.

  • Pilot plant testing of Kachi brine samples has advanced at Lake’s technology partner, Lilac Solutions’ pilot plant in California, USA
  • Commissioning has been progressing to be followed by the production of lithium chloride for conversion into high purity, battery grade lithium carbonate
  • An INN interview about the Lilac process and Lake’s partnership is available at https://youtu.be/nsDHe-k433k

Lithium explorer and developer Lake Resources NL (ASX:LKE) announced today that testing has been progressing of lithium brine samples from Lake’s Kachi Lithium Brine Project using its U.S. technology partner Lilac’s direct extraction ion exchange pilot plant module in Oakland, California.

Kachi brine samples have been used to complete the commissioning of Lilac’s pilot-scale ion exchange module. Lilac will then process the brine to produce high-purity lithium chloride for conversion to battery-grade lithium carbonate, from April onwards for prospective off-takers.

Backed by leading U.S. sustainability-focused investors, Lilac has previously demonstrated its ability to produce battery grade lithium carbonate with 99.9% purity, and very low impurities, which is a high priority for battery/cathode producers capable of attracting premium pricing (refer ASX announcement 9 January 2020). A pre-feasibility study (PFS) for Kachi is expected to be completed in the next two to three weeks and is anticipated to show production costs in the lower part of the global cost curve.

Lake’s Managing Director Steve Promnitz said: “Given the well-known billionaire backing of funds supporting Lake’s technology partner, Lilac, we are well underway to demonstrate high purity battery grade lithium carbonate coming from the direct extraction process, which is what battery makers are seeking.

“Investors have asked how the process works and how this fits into Lake’s strategy, so we have undertaken a video interview to explain this in context. Once again, I would like to thank existing and new investors for supporting our capital raising amid extremely uncertain market conditions – this is truly a vote of confidence in the future of Lake and sustainable, scalable direct extraction technology.”

The direct extraction process has been undertaken using brines from Lake’s 100% owned Kachi project. This offers a sustainable solution for downstream battery makers by extracting lithium from brines using ion exchange without traditional evaporation ponds. Brine is returned to the aquifer once the lithium has been extracted without changing the brine chemistry. This addresses increasing interest from electric vehicle makers (OEM’s) and battery makers to demonstrate they have access to a sustainable scalable supply chain for raw materials.

For further information please contact:
Steve Promnitz, Managing Director
+61 2 9188 7864
steve@lakeresources.com.au

Follow Lake on Twitter: https://twitter.com/Lake_Resources

Follow on LinkedIn: https://www.linkedin.com/company/lake-resources/

Website: http://www.lakeresources.com.au

For media queries please contact:
Anthony Fensom, Republic PR, +61 (0) 407 112 623 , anthony@republicpr.com.au
Henry Jordan, Six Degrees Investor Relations: +61 (0) 431 271 538

About Lake Resources NL (ASX:LKE)

Lake Resources NL (ASX:LKE, Lake) is a lithium exploration and development company focused on developing its three lithium brine projects and a 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 40% of the world’s lithium is produced at the lowest cost. Lake holds one of the largest lithium tenement packages in Argentina (~200,000Ha) which provides the potential for consistent security of supply, scalable as required.

Lake considers it is in a strong position to benefit from the market opportunity in electric vehicles and the batteries that power the energy revolution due to:

  1. High Purity Lithium Carbonate samples (99.9%) with very low impurities, recently produced from the pilot plant using a direct extraction process (ion exchange);
  2. Increased Engagement with Off-takers as larger samples are produced, anticipated from late March 2020 onwards, for off-takers to commence qualification testing to then engage to assist in financing;
  3. Kachi Project PFS, in the final stages of completion which is anticipated to show projected production costs at the lower end of the cost curve similar to current lithium brine producers. The Kachi project has a resource (announced Nov 2018) considered large enough for long term production and could be potentially scaled to a much larger project is required as leases cover an area 10 times Manhattan.
  4. Sustainable and Scalable Future Lithium Production, demanded by the larger Electric Vehicle makers and an increasing number of battery/cathode makers, who need to show both the quality and provenance of battery materials for ESG/sustainability and carbon footprint reporting. The direct extraction process reinjects brine once the lithium has been removed using ion exchange beads without affecting the chemistry. This means a much smaller footprint and less water usage because evaporation ponds are not used.

The Kachi project covers 70,000 ha over a salt lake south of FMC/Livent’s lithium operation in Catamarca Province. Drilling confirmed a large lithium brine bearing basin over 20km long, 15km wide and 400m to 800m deep. Drilling over Kachi produced a maiden indicated and inferred resource of 4.4 Mt LCE (Indicated 1.0Mt, Inferred 3.4Mt) (refer ASX announcement 27 November 2018).

A direct extraction technique has been tested in partnership with Lilac Solutions, supported by Bill Gates – led Breakthrough Fund and MIT’s The Engine fund. A pilot plant is being commissioned, which has shown 80-90% recoveries and lithium brine concentrations over 60,000 mg/L lithium. Battery grade lithium carbonate (99.9% purity) has been produced from Kachi brine samples with very low impurities (Fe, B, with <0.001 wt%). Phase 1 Engineering Study results have shown operating costs forecast in the lowest cost quartile (refer ASX announcement 10 December 2018). Test results have been incorporated into a Pre-Feasibility Study (PFS) in the final stages of completion. The Lilac pilot plant in California will produce samples for downstream participants in March/April/May prior to being transported to site to produce larger battery grade lithium samples. Discussions are advanced with downstream entities, mainly battery/cathode makers, as well as financiers, to jointly develop the project.

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 the Ganfeng Lithium/Lithium Americas Cauchari project, with high grade lithium (600 mg/L) with high flow rates drilled immediately across the lease boundary.

The Cauchari project has shown lithium brines over 506m interval with high grades averaging 493 mg/L lithium (117-460m) with up to 540 mg/L lithium. These results are similar to lithium brines in adjoining leases scheduled for production in late 2020 and infer an extension and continuity of these brines into Lake’s leases (refer ASX announcements 28 May, 12 June 2019).

Significant corporate transactions have occurred in adjacent leases with development of Ganfeng Lithium/Lithium Americas Cauchari project as Ganfeng announced a US$397 million investment for 50% of the Cauchari project, together with a resource that had doubled to be the largest on the planet. Ganfeng then announced a 10 year lithium supply agreement with Volkswagen on 5 April 2019. 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-Dec 2018. LSC Lithium was acquired in Jan-Mar 2019 for C$111 million by a mid-tier oil & gas company with a resource size half of Kachi. Orocobre has announced on 19 Feb 2020 the acquisition of all shares in Advantage Lithium, valued at around C$63 million, which holds leases next to Lake at Cauchari. These transactions imply an acquisition cost of US$55-110 million per 1 million tonnes of lithium carbonate equivalent (LCE) in resources.

For more information on Lake, please visit http://www.lakeresources.com.au/home/

Click here to connect with Lake Resources NL (ASX:LKE) for an Investor Presentation

Source

High Purity 99.97% Battery Quality Lithium Carbonate Produced from Kachi Brines

  • High purity 99.97% lithium carbonate produced by Hazen Research Inc from lithium chloride produced at the Lilac Solutions pilot plant module from Lake’s Kachi brines.
  • Samples have very low impurities; Lake expects this product to be attractive for the battery market.
  • Lake Resources is confident of replicating these results at full production
  • Sample production by Hazen to continue with samples expected to be sent to Novonix and supply chain customers in Asia and Europe for battery tests, anticipated this quarter.

Keep reading... Show less

Hazen Well-advanced Producing Battery Quality Lithium Carbonate

Clean lithium developer Lake Resources NL (ASX:LKE; OTC:LLKKF) announced today further progress towards the development of sustainable, high-purity lithium, following confirmation that Hazen Research Inc (Hazen), an independent assay laboratory, is well advanced in producing initial larger samples of battery quality lithium carbonate.

Initial samples are anticipated within 15-18 days, with more samples to follow progressively as brines are delivered and processed, according to the Colorado-based company. Hazen is conducting a thorough analysis to optimize the process for a superior product. The outcome will be beneficial as treatment is commenced of the larger samples in the near future.

Keep reading... Show less

Lake Resources NL Presenting at ASX Small and Mid-Cap Conference 2020

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announced today that Managing Director Steve Promnitz will present at the ASX Small and Mid-Cap Conference 2020 on Wednesday, 9 September at 10.45am AEST (Sydney), 8.45am (Hong Kong), 5.45pm Tuesday (Vancouver/ San Francisco). The conference focuses on showcasing emerging leaders in the small and mid-cap category.

Lake recently announced the impending delivery of high purity, responsibly-sourced, battery-quality lithium carbonate from its technology partner Lilac Solutions’ pilot plant in California. Hazen Research Inc, an independent assay laboratory, is currently producing larger samples of battery-quality lithium carbonate from the first samples of lithium chloride successfully produced from the direct lithium extraction pilot plant, using brines from Lake’s Kachi Lithium Brine Project. The samples show high lithium concentrations, as previously demonstrated at lab scale (refer ASX announcement, 9 January 2020).

Keep reading... Show less

Elizabeth Gold Project Drilling Update

Tempus Resources Ltd (“Tempus” or ” the Company” ) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to provide an update of the drilling program at the Elizabeth Gold Project in Southern BC, Canada

The 2021 drilling campaign began on June 5 th . Five diamond drill holes have been completed to date for a total of 774 metres. Drill hole EZ-21-04, drilled on the Northern extension zone of the South West vein, has intersected a wide zone of quartz veining (approximately 4.2-metres), from 121.8-126.0 m, with visible gold evident over approximately one metre (see Figure 1). Additional quartz veining with visible gold has been identified in diamond drill hole EZ-21-02.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Change of Director’s interest Notice – MR

The announcement can be viewed at:

Keep reading... Show less

Lake Resources Managing Director: Definitive Feasibility Study for Kachi Lithium Project is Underway

Following an increased focus by electric vehicle makers on supply chain sustainability, Lake Resources NL (ASX:LKE,FWB:LK1,OTCQB:LLKKF) is advancing debt funding options for its flagship Kachi lithium project, and Managing Director Stephen Promnitz says the company is charging ahead to address the surge in battery market demand.

Lake Resources Managing Director: Definitive Feasibility Study for Kachi Lithium Project is Underway youtu.be

Keep reading... Show less

Rio Tinto opens new scandium plant in Canada

Rio Tinto has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec.

The $6 million project, in which the Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals, was completed on time and on budget, less than six months after the start of construction.

Keep reading... Show less

Rio Tinto confirms Peter Cunningham as Chief Financial Officer

Rio Tinto has appointed Peter Cunningham as Chief Financial Officer with immediate effect. Peter, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executive director at the same time.

Peter was previously Group Controller and has held a number of senior financial and non-financial leadership positions across Rio Tinto in Australia and the UK. In a career spanning 28 years with Rio Tinto, he has held roles including Global Head of Health, Safety, Environment & Communities; Head of Energy and Climate Strategy; and Head of Investor Relations. Prior to joining Rio Tinto, Peter qualified as a chartered accountant.

Keep reading... Show less

Elizabeth Gold Project Drilling Update

Tempus Resources Ltd (“Tempus” or ” the Company” ) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to provide an update of the drilling program at the Elizabeth Gold Project in Southern BC, Canada

The 2021 drilling campaign began on June 5 th . Five diamond drill holes have been completed to date for a total of 774 metres. Drill hole EZ-21-04, drilled on the Northern extension zone of the South West vein, has intersected a wide zone of quartz veining (approximately 4.2-metres), from 121.8-126.0 m, with visible gold evident over approximately one metre (see Figure 1). Additional quartz veining with visible gold has been identified in diamond drill hole EZ-21-02.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Change of Director’s interest Notice – MR

The announcement can be viewed at:

Keep reading... Show less

Rio Tinto opens new scandium plant in Canada

Rio Tinto has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec.

The $6 million project, in which the Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals, was completed on time and on budget, less than six months after the start of construction.

Keep reading... Show less

Rio Tinto confirms Peter Cunningham as Chief Financial Officer

Rio Tinto has appointed Peter Cunningham as Chief Financial Officer with immediate effect. Peter, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executive director at the same time.

Peter was previously Group Controller and has held a number of senior financial and non-financial leadership positions across Rio Tinto in Australia and the UK. In a career spanning 28 years with Rio Tinto, he has held roles including Global Head of Health, Safety, Environment & Communities; Head of Energy and Climate Strategy; and Head of Investor Relations. Prior to joining Rio Tinto, Peter qualified as a chartered accountant.

Keep reading... Show less

Hastings Technology Metals Ltd Stand-out Simon’s Find Metallurgical Test Results Amended

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer Hastings Technology Metals Ltd (ASX:HAS) (5AM.F) is pleased to announce stand-out results from metallurgical test work carried out on drilling samples from Simon’s Find, one of the key deposits that make up the Yangibana Rare Earths Project (Yangibana) in Western Australia’s Gascoyne region.

The test work carried out at Simon’s Find is a key milestone in the Company’s finalisation of its updated Ore Reserves and mine scheduling that will underpin Yangibana’s development.

The Simon’s Find deposit is part of the 8km-long Bald Hill – Simon’s Find – Frasers mineralised trend and is strategically located close to the site of Yangibana’s proposed process plant and infrastructure.

Keep reading... Show less

Rio Tinto and ARENA to study using hydrogen to reduce carbon emissions in alumina refining

Rio Tinto has partnered with the Australian Renewable Energy Agency (ARENA) to study whether hydrogen can replace natural gas in alumina refineries to reduce emissions.

Rio Tinto will conduct a $1.2 million feasibility study, equally funded with ARENA through a $580,000 grant, into using clean hydrogen to replace natural gas in the calcination process of refining at the Yarwun aumina refinery in Gladstone.

Keep reading... Show less

Top News

Related News