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 three lithium brine projects and 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 (~200,000Ha) secured in 2016 prior to a significant 'rush' by major companies. The large holdings provide the potential to provide consistent security of supply demanded by battery makers and electric vehicle manufacturers.
The Kachi project covers 69,000 ha over a salt lake south of FMC's lithium operation and near Albemarle's Antofalla project in Catamarca Province. Drilling at Kachi has confirmed a large lithium brine bearing basin over 20km long, 15km wide and 400m to 800m deep. Drilling over Kachi (currently 16 drill holes, 3100m) has produced a maiden indicated and inferred resource of 4.4 Mt LCE (Indicated 1.0Mt and Inferred 3.4Mt) within a 8-17 Mt LCE exploration target (refer ASX announcement 27 November 2018).
A direct extraction technique is being tested in partnership with Lilac Solutions, which has shown 80-90% recoveries and lithium brine concentrations in excess of 3000 mg/L lithium and is planned to be trialled on site in tandem with conventional methods as part of a PFS to follow the resource statement. Scope exists to unlock considerable value through partnerships and corporate deals in the near term.
Lake Resources N.L.
Link: Corporate Update