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
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.
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.
Lake Resources NL (ASX:LKE) provides the Company's latest Investor Presentation.
Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to advise that it has significantly strengthened its Board with the appointment of a new Non-Executive Director with considerable expertise in the South American resources sector.
Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE) and its Argentine subsidiary has presented details of progress at the Kachi Lithium Brine Project at the "Lithium in South America" conference in Catamarca, along with the other presenters including the world's largest lithium producers.
Lake Resources NL (ASX:LKE) is pleased to provide the Company's latest Investor Presentation titled "Size, Location, Unlocked Value - Lithium at a Higher Level".
Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to confirm the successful permitting progress of ~49,000 hectares of exploration applications at its Olaroz - Cauchari Lithium Brine Project in the Jujuy Province, Argentina.
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 (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.