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Investor Conference Call on Friday, 2 March 2018
Investor Conference Call on Friday, 2 March 2018
Brisbane, Mar 1, 2018 AEST (ABN Newswire) - Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") is pleased to advise it will host an investor teleconference with Managing Director, Steve Promnitz, on Friday, 2 March 2018 at 10:30 am Australian Eastern Daylight Time, to discuss the recent developments regarding the landmark agreement with Jujuy Province, Argentina that confirms tenure of Lake's ~45,000 hectares of mining leases which covers Lake's Olaroz - Cauchari Lithium Brine Project and Paso Lithium Brine Project in Argentina, in a world class lithium production area adjoining lithium brine production and development projects in Jujuy Province, Argentina.

This is a significant development for Lake Resources, as this is one of the largest land holdings of the prime lithium brine basins in the world and confirms Lake's substantial scale versus its peers.

Conference call details:

Date: Friday 2 March, 2018

Time: 10:30 am AEDT, 7.30am Perth, (Thursday 6.30pm New York, 3.30pm Vancouver, 11.30pm London)

Presenting: Lake Resources N.L. Managing Director, Steve Promnitz

Please register for the call ahead of commencement at:

http://www.abnnewswire.net/lnk/2E521954

Investors are encouraged to send questions regarding to steve@lakeresources.com.au ahead of the teleconference.

A brief Q&A will follow the presentation in which a selection of fund managers, stockbrokers and high net worth investors have been invited to participate.


About Lake Resources NL

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.

  


Contact

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au



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