Lake Resources NL (ASX:LKE) Quarterly Report

Lake Resources NL (ASX:LKE)(FRA:LK1) is an exploration and development company with one of the largest lithium lease holdings in Argentina in the heart of the Lithium Triangle, with over 200,000 hectares comprising four prime lithium projects, namely three brine and one hard rock project.

HIGHLIGHTS

- Targeting pre-production in early 2020 from pilot plant (under construction) using partner Lilac Solutions' efficient, direct extraction ion exchange process to produce a premium low impurity lithium product in lower part of industry cost curve. First pilot plant module completed.

- Sample product available from pilot plant production to be sent for customer qualification purposes for off-takers and potential project partners in South Korea, Japan, China.

- High quality, low impurity product expected, capable of attracting premium pricing in current market.

- Pre-Feasibility Study (PFS) near completion fort the Kachi Lithium Brine Project, a Top 10 global lithium brine project, using direct lithium extraction process.

- SD Capital Advisory Limited appointed to secure debt funding of up to US$25 million for initial lithium production from its Kachi Lithium Brine Project and Cauchari Lithium Brine Project in Argentina, together with completion of the DFS.

- Confirmation of significant high grade lithium brine discovery over 506m interval at Cauchari Lithium Brine Project, with results up to 540 mg/L lithium, averaged 493 mg/L (over 343m).

- A likely extension to the adjoining world-class project has been identified, which has similar results of 580mg/L lithium average grade in Indicated resource (1) and is under construction for production next year(Ganfeng/Lithium Americas (NYSE:LAC)).

- An additional $1.5 million provided to Lake in October.

To view the Quarterly Report, please visit:
https://abnnewswire.net/lnk/3Y0H9I4M


About Lake Resources NL

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

   

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Lake Resources NL