Lake Resources NL Kachi Project Finance Advances

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (LK1.F) (OTCMKTS:LLKKF) has advanced debt funding options for its flagship Kachi Lithium Project, with preliminary interest from over half a dozen major international banks to participate in ECA-led project debt finance, subject to Export Credit Agency (ECA) support.

The positive funding environment follows an increased focus by EV makers on supply chain sustainability, mandated by European Union regulations, and a requirement for high quality, battery-grade product.

In March 2021, Lake appointed SD Capital Advisory Limited and GKB Ventures Limited to arrange project finance, with a focus on ECAs (refer ASX release 3 March 2021). These financial advisers have actively engaged with Lake and the technical advisers at Hatch. They have conducted an in-depth analysis of Kachi’s Pre-Feasibility Study (PFS) and sourcing funding opportunities. Environmental study consultant, Knight Piesold, is undertaking the environmental and social impact study (EISA), to prepare the project for permitting under global standards.

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Lake Resources NL Presents at Benchmark EV Fest

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) advises investors that Steve Promnitz, Managing Director, will present live at Benchmark’s EV Fest – “Actionable Intelligence For The Battery & EV Supply Chain” – on Day 1 in a panel on Tuesday 1 June 2021 at 5pm Sydney time; 8am London.

Confirmed speakers in the panel include Andy Leyland, Head of Strategic Advisory at Benchmark, Caspar Rawles, Head of Price & Data Assessments at Benchmark and Adam Panayi of Rho Motion. This will be a live, online event.

It is important for investors to pre-register as this will only be available free as a live event.

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Lake Resources NL Kachi Drilling to Support Production Increase

Brisbane, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is expanding drilling and testing beyond that required for the Definitive Feasibility Study (DFS) at the Company’s flagship Kachi Lithium Brine Project, Argentina amid strong demand for its high purity, sustainably produced product.

The aim is to accelerate the conversion of Inferred Resources to Measured and Indicated (M&I) Resources, to allow for an expansion beyond the 25,500 tonnes per annum (tpa) lithium carbonate planned in the DFS. The current drilling seeks to convert resources to reserves as part of the DFS work.

Initially a diamond drill program of four wells from four platforms for 1,600m will be conducted, together with brine and sediment sampling and pump testing to refine the resource estimations for a conversion to reserves, with economic assumptions. Drilling will commence within approximately two weeks, following COVID-19 controls and procedures.

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Lake Resources NL Quarterly Activities Report

Brisbane, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is a lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium products from its flagship Kachi Project (4.4mt LCE resource), as well as three other lithium brine projects in Argentina. No mining is involved in the brine processing.

The projects are in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost. Lake owns over 220,000 hectares (0.5 million acres) of leases, including one hard rock project, alongside all 5 major lithium producers.

This efficient, disruptive direct lithium extraction method (DLE) from our technology partner, Lilac Solutions, will enable Lake Resources to be an efficient, responsiblysourced, environmentally friendly and cost competitive supplier of high-purity lithium carbonate.

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Lake Resources NL Accelerates Exploration Across Project Portfolio

Brisbane, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is accelerating the expansion of its Argentinian lithium projects in response to strong market demand, based on direct lithium extraction from its Cauchari, Olaroz and Paso Brine Projects, in addition to its flagship Kachi Project.

– 50,000 litres of brines from Lake’s Cauchari Project to be shipped and tested by groups specialising in direct lithium extraction and conversion to lithium hydroxide.

– Pre-feasibility study planning for Cauchari underway.

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