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Lake Discusses Strong Cauchari Results

Lithium development company, Lake Resources N.L. (ASX:LKE) provides a video interview with Finance News Network (FNN) regarding the watershed moment of strong results at Lake's Cauchari Lithium Brine Project, Argentina and recent positive news in the lithium sector as discussed by Lake's Managing Director, Steve Promnitz.

The interview can be accessed at

http://www.abnnewswire.net/lnk/1C4F4I72

The interview is also available on the Presentations and Videos section of the Investors section on the Lake Resources website:

http://www.abnnewswire.net/lnk/61G38TT9


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.

  

Contact

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



Link: FNN Interview with Managing Director



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Related Industry Topics:
Financial General Mining Lithium

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