Lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to announce the commencement of diamond drilling over its 100%-owned Kachi Lithium Brine Project in Catamarca. All signed approvals from regulators have now been received.
Lake Resources NL
Lake Resources NL (ASX:LKE) is undertaking an aggressive exploration programme to explore and develop prime lithium projects in Argentina, owned 100%, among some of the largest players in the lithium sector. Lake holds one of the largest lithium tenement packages in Argentina (~170,000Ha) secured prior to a significant ‘rush’ by major companies with 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.
The three key brine projects, Olaroz/Cauchari, Paso and Kachi, have similar settings to major world class brine projects being developed in the highly prospective Jujuy and Catamarca Provinces. One project is located next to Orocobre’s Olaroz lithium production and SQM/Lithium Americas Cauchari project. The Kachi project covers 50,000 Ha over a salt lake south of FMC’s lithium operation and near Albemarle’s Antofalla project. Exploration and permitting will 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 SQM/Lithium Americas Olaroz/Cauchari project with an equity/debt investment over $300 million and Advantage Lithium’s equity transaction in some of Orocobre’s leases. LSC Lithium has also raised over $60 million on a large lease package in similar areas as Lake’s properties.
Lithium exploration company Lake Resources N.L. (ASX:LKE) announces that it has secured commitments to raise $1.665 million in an oversubscribed offer by way of the issue of 1,665,000 unsecured notes to sophisticated and professional investors. The intention was to raise $1.5 million but due to demand, the offer was upsized.
Lake Resources NL (ASX:LKE) provides the Company's Quarterly Activities Report for the period ending 30 September 2017.
The directors present their report, together with the financial statements, on the consolidated entity consisting of Lake Resources NL (ASX:LKE) and the entities it controlled at the end of, or during, the year ended 30 June 2017.
Lithium exploration company Lake Resources N.L. (ASX:LKE) held a successful local community meeting, together with the regulators, to complete the final step in the approval process to allow drilling to commence over the Kachi Lithium Brine Project in Catamarca.
Lithium exploration company Lake Resources N.L. (ASX:LKE) has been advised that the Kachi Lithium Brine Project in Catamarca is in the final process of approvals for drilling to commence, which is anticipated to occur within the coming weeks.
Lake Resources NL (ASX:LKE) FNN Interview with Managing Director on Four Lithium Projects in Argentina and Lithium Demand
Argentina focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to provide shareholders with a video interview with Finance News Network regarding the company's four lithium projects in Argentina and current lithium demand as discussed by Lake's Managing Director, Steve Promnitz.
During the year ended 30 June 2017, Lake Resources NL (ASX:LKE) completed the acquisition of unlisted company LithNRG Pty Ltd, that controls two Argentine subsidiaries with lithium brine projects in Argentina, and entered into an option agreement with Petra Energy SA
Lake Resources NL (ASX:LKE) Letter of Intent Signed with Argentine Government Entity to Facilitate Development of Kachi Lithium Brine Project
Lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to confirm that its Argentine subsidiary has signed a Letter of Intent with the Catamarca State mining and energy entity, CAMYEN, to aid the development of the Kachi Lithium Brine Project in Catamarca.
Lake Resources NL (ASX:LKE) provides the Company's Quarterly Activities Report for the period ending 30 June, 2017.