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Short Form Prospectus
Short Form Prospectus
Brisbane, June 15, 2018 AEST (ABN Newswire) - Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") has lodged the attached Short Form Prospectus with ASIC today whereby the Company intends to issue 16,666,667 Options to Placement Applicants who participated in the Placement by the Company in March 2018 and 16,650,000 Options to Noteholders who applied for Options under the Note Issue (Offer).

This Offer is conditional upon the Company obtaining Shareholder approval at a shareholder meeting scheduled for Friday 15 June 2018 for which a notice of meeting was dispatched on 14 May 2018.
Offer Statistics 
Issue Price                               Nil 
Exercise Price                            $0.20 
Maximum number of Options to be issued    16,666,667 to Placement 
                                          Applicants 16,650,000 to  
Expiry Date of the Options                15 December 2018 

Indicative Timetable 
Lodgement of Prospectus with ASIC         14 June 2018
Lodgement of Prospectus and 
Appendix 3B with ASX                      14 June 2018 
Opening Date                              14 June 2018 
EGM                                       15 June 2018 
Closing Date                              18 June 2018 
Issue Date and dispatch of 
holding statements                        18 June 2018 
Expected date of Official Quotation of 
the Options                               19 June 2018
All dates may change without prior notice and accordingly are indicative only. The Company reserves the right to amend this indicative timetable subject to the Corporations Act and the ASX Listing Rules.

To view the Prospectus, please visit:

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 provides the potential to provide security of supply demanded by battery makers and electric vehicle manufacturers.

The three key brine projects, Kachi, Olaroz/Cauchari, and Paso, are 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/Lithium Americas Cauchari project, where high grade lithium (600 mg/L) with high flow rates have been drilled immediately across the lease boundary.

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.

Drilling will commence in coming months at Olaroz-Cauchari now that tenure has been confirmed in a landmark agreement in March 2018. This will provide several catalysts for the company's growth. 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/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. Nearby projects of Lithium X were recently acquired via a takeover offer of C$265 million completed March 2018. The northern half of Galaxy's Sal de Vida resource was purchased for US$280 million by POSCO in June 2018.

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.



Andrew Bursill
Company Secretary
Lake Resources NL
T: +61-2-9188-7864

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