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Lake Resources NL

ASX:LKE ISIN:AU000000LKE1

Lake Resources NL (ASX:LKE) is a lithium exploration and development company focused on developing its 3 lithium brine projects and 1 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 half of the world's lithium is produced. Lake holds one of the largest lithium tenement packages in Argentina (~180,000Ha) secured in 2016 prior to a significant 'rush' by major companies. The large holdings provide the potential to provide security of supply demanded by battery makers and electric vehicle manufacturers.

The two flagship lithium brine projects are Kachi and Olaroz/Cauchari, located adjacent to major world class brine projects either in production or being developed in the highly prospective Jujuy and Catamarca Provinces. The Olaroz-Cauchari project is located in the same basin as Orocobre's Olaroz lithium production and adjoins SQM/Gangfeng/Lithium Americas Cauchari project, with high grade lithium (600 mg/L) with high flow rates drilled immediately across the lease boundary. Drilling is planned to commence in early October 2018 Cauchari with a three hole programme to intersect and extend the same lithium brine aquifers identified in the adjoining world-class lithium resource. Lake Resources aims to repeat the same high grade lithium results in its leases as the recent geophysics shows the likely extension of the same horizon into Lake's leases. Drilling will follow later at Olaroz once the methodology is proven at Cauchari.

The Kachi project covers 50,000 Ha over a salt lake south of FMC's lithium operation and near Albemarle's Antofalla project. Drilling at Kachi has confirmed a large lithium brine bearing basin over 22km long and over 400m deep. Drilling over Kachi is aimed to produce a resource statement in 2018, anticipated in Oct 2018. A new direct extraction method is being tested in partnership with Lilac Solutions which promises far higher recoveries and in significantly shorter timelines, which will be trialled in tandem with conventional methods as part of a PFS after the resource statement. Scope exists to unlock considerable value through partnerships and corporate deals in the near-term.

Significant corporate transactions continue in adjacent leases with development of SQM/Gangfeng/Lithium Americas Cauchari project. Gangfeng recently announced a US$237 million transaction to acquire 37% of the project from SQM, with a two year timeline to initial production. Projects nearby to Kachi and FMC's Hombre Muerto were recently acquired via a takeover offer of C$265 million for Lithium X, completed in March 2018, and the northern half of Galaxy's Sal de Vida resource, purchased for US$280 million by POSCO in June 2018. Major players in the lithium supply chain continue to secure prime projects in the best locations globally.

The demand for lithium continues to be strong for lithium ion batteries in electric vehicles, according to recent data from the leading independent battery minerals consultant - Benchmark Mineral Intelligence. Supply continues to be constrained suggesting good opportunities for upstream lithium companies for many years.

   

News

Lake Resources NL (ASX:LKE) Financing of Remaining Options

🕔9/24/2018 3:41:09 PM 430

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) is pleased to confirm that the $1 million financing of almost all of the remaining 10c options has now closed.

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Lake Resources NL (ASX:LKE) Drilling to Commence Early October at Cauchari Lithium Project

🕔9/6/2018 11:42:14 AM 1405

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) is pleased to confirm that following recent positive discussions with relevant authorities in Argentina this week, drill hole locations have now been determined for the upcoming drill program at the 100%-owned Cauchari Lithium Brine Project.

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Lake Resources NL (ASX:LKE) Partners with Lilac Solutions to Advance Kachi Project

🕔9/5/2018 9:39:47 AM 1688

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) and Lilac Solutions, Inc. are pleased to announce a significant step forward in the development of Lake's 100%-owned Kachi Lithium Brine Project in Argentina.

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Lake Resources NL (ASX:LKE) Geophysics Shows Extension into Cauchari Project from Adjoining World Class Lithium Resources

🕔8/21/2018 10:56:21 AM 1727

Argentine-focused lithium exploration / development company Lake Resources NL (ASX:LKE) is pleased to announce that recent passive seismic geophysics show a likely extension of high-grade lithium brine sequences from adjoining world-class lithium resources into Lake's 100%-owned Cauchari Lithium Brine Project.

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Lake Resources NL (ASX:LKE) Boardroom Media Interview

🕔8/16/2018 9:35:29 AM 1928

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) advises that Managing Director, Mr Steve Promnitz, has spoken with Boardroom Media today to discuss the Company's exploration and development plans for its 100%-owned Cauchari Lithium Brine Project in Jujuy Province, Argentina.

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Lake Resources NL (ASX:LKE) to Drill Cauchari Project - Updated - Adjoins Resource of World Class Lithium Brine Project

🕔8/15/2018 10:24:32 AM 1836

Argentine-focused lithium exploration / development company Lake Resources NL (ASX:LKE) is pleased to announce that it will shortly commence drilling at its 100%-owned Cauchari Lithium Brine Project.

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Lake Resources NL (ASX:LKE) to Drill Cauchari Project Which Adjoins Proven 14.8 Mt LCE World Class Lithium Brine Project

🕔8/14/2018 9:47:56 AM 1607

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) is pleased to announce that it will shortly commence drilling at its 100%-owned Cauchari Lithium Brine Project which adjoins SQM/Lithium Americas and Orocobre/Advantage Lithium's world-class combined 14.8 Mt LCE lithium brine projects.

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Lake Resources NL (ASX:LKE) Kachi Drilling Advances with Consistent Results

🕔8/9/2018 12:48:51 PM 1700

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) has extended drilling activities with results reinforcing the large scale and quality of its 100%- owned Kachi Lithium Brine Project in Catamarca Province.

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Lake Resources NL (ASX:LKE) Quarterly Report

🕔8/1/2018 10:04:00 AM 1275

Lake Resources NL (ASX:LKE) is an exploration and development company with one of the largest lithium lease holdings in Argentina of 180,000 hectares, including areas under option with four prime lithium projects: 3 brine projects and 1 hard rock project. Each project is capable of being a 'company maker'.

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Lake Resources NL (ASX:LKE) Secures $1.9m Option Underwriting Agreement

🕔7/27/2018 10:46:14 AM 1391

Argentine-focused lithium exploration and project development company Lake Resources N.L. (ASX:LKE) advises that Lake has entered into an Options Underwriting Agreement with a group of current shareholders as Joint Underwriters who meet the requirements to perform this service.

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Company Data

    Headquarters
  • Suite 2, Level 10
    70 Phillip Street
    Sydney, NSW 2000
    Australia
  • Telephone
  • +61-2-9188-7864 
  • Principal Sector
  • Materials 
  • Principal Industry
  • Materials 
  • Listed
  • 2001/08/29 
  • Homepage
  • www.lakeresources.com.au

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