Four Lithium Projects - Four Potential Company Makers
- Kachi - Drilling Underway
o Large Project: 100% LKE
o Large Scale: ~50,000 Ha
o Results: April/May Onwards
o Near FMC & Albermarle
- Olaroz Adjoins Production
o Prime Location
o Adjoins Orocobre production
o Recent access
o Target 30km long basin margin
- Cauchari - High grades at lease boundary
o Adjoins SQM/Lithium Americas and Advantage Lithium.
o Recent access 11km basin margin
o High lithium grades immediately next to LKE leases
- Pegmatites - Past Production in Area
o Large Scale ~70,000 Ha
150km long Belt under option
o Target - Large swarm of pegmatites for bulk mining
- Paso - New Basin
o Next basin west from current production
o New discovery potential
o Good infrastructure - access to Chile
- News flow
o Recent access to Olaroz Cauchari to provide more drill targets
o Potential for Offtake / partner deals - proven value uplift
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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.
Lake Resources N.L.
Link: Corporate Update
Lake Resources NL (ASX:LKE) Geophysics Shows Extension into Cauchari Project from Adjoining World Class Lithium Resources