Lake Resources NL (ASX:LKE) are pleased to provide the Company's latest Quarterly Report for the period ending 31 March 2017.
Lake Resources NL
Lake Resources NL (ASX:LKE) is undertaking an aggressive exploration programme to explore/develop prime lithium projects in Argentina, owned 100%, among some of the largest players in the lithium sector. Lake holds three key lithium brine projects located in the Lithium Triangle which produces half of the world’s lithium. Lake also holds one large package of lithium pegmatite properties which were an unappreciated source of lithium in Argentina until recently. Lake holds one of the largest lithium tenement packages in Argentina (~165,000Ha) secured prior to a significant ‘rush’ by major companies.
The three key brine projects held by Lake have similar settings to major world class brine projects being developed – Olaroz/Cauchari, Paso and Kachi in the highly prospective Jujuy and Catamarca Provinces. One project is located next to Orocobre’s Olaroz lithium production and Lithium Americas Cauchari project, with another south of FMC’s lithium operation. Upcoming exploration in lithium brine basins, one which is adjacent to some of the leading lithium producers/developers, including Orocobre and SQM, may provide several catalysts for the company’s growth as these areas are assessed for major discoveries.
Significant corporate transactions continue in adjacent leases with development of Lithium Americas Olaroz/Cauchari project with a 28% equity investment of C$106 million, from Gangfeng, an important Chinese producer, and BCP Innovation with a US$205 million debt facility. Advantage Lithium announced a transaction to earn 57% equity in some of Orocobre’s leases, including Cauchari, raising C$20 million in the market. LSC Lithium has also raised $40 million on a large lease package.
Lake Resources NL (ASX:LKE) is pleased to provide shareholders with a video interview regarding lithium projects in Argentina as discussed by Lake's Managing Director, Steve Promnitz.
Argentina focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to report more positive lithium brine sampling results at the ~52,000 hectare Kachi Lithium Brine Project in Catamarca province, Argentina.
Lake Resources NL (ASX:LKE) Premier Lithium Brine Projects & Pegmatites at Argentina's Best Locations
Lake Resources NL (ASX:LKE) is pleased to provide the Company's latest Investor Presentation at Hong Kong Conference.
Lake Resources N.L. (ASX:LKE) is pleased to advise that additional leases have been secured at the Kachi Lithium Brine Project in Catamarca province, Argentina.
The directors present their report, together with the financial statements, on the consolidated entity (ASX:LKE) consisting of Lake Resources NL and the entities it controlled at the end of, or during, the half-year ended 31 December 2016.
Lake Resources NL (ASX:LKE) Issues Shares for Option Over Large Lithium Pegmatite Leases in Argentina
Lake Resources NL (ASX:LKE) is pleased to announce that it has issued the first tranche of 1,000,000 LKE shares to Petra Energy SA as part of an option agreement, to be fully paid in LKE scrip, over a large block of approximately 72,000 Ha of exploration and some mining leases and applications over potential lithium bearing pegmatites and pegmatite swarms.
Lake Resources N.L. (ASX:LKE) is pleased to announce that it has successfully completed a capital raising of A$1.2m via a private Placement with professional, sophisticated and institutional investors. The Placement leaves the Company well funded to continue its aggressive exploration programme in Argentina over both lithium brine projects and lithium pegmatite project.
Lake Resources N.L. (ASX:LKE) is pleased to announce that it has significantly expanded its size and asset base in Argentina with an option agreement signed with local owners of a large block of approximately 72,000 Ha of exploration leases and applications over a newly recognised 100km long belt of potential lithium bearing pegmatites and pegmatite swarms in Ancasti, Catamarca province.