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Lake Resources NL

ASX:LKE ISIN:AU000000LKE1

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.

The Olaroz-Cauchari and Paso brine projects are located adjacent to major world class brine projects either in production or being developed in the highly prospective Jujuy Province. The Olaroz-Cauchari project is located in the same basin as Orocobre's Olaroz lithium production and adjoins Ganfeng Lithium/Lithium Americas Cauchari project, with high grade lithium (600 mg/L) with high flow rates drilled immediately across the lease boundary.

Two drill rigs are currently drilling at Cauchari with results anticipated to extend the proven resources in adjoining properties into LKE's area with results anticipated from November into December 2018. This will be followed by drilling extensions to the Olaroz area in LKE's 100% owned Olaroz leases.

Significant corporate transactions continue in adjacent leases with development of Ganfeng Lithium/Lithium Americas Cauchari project with Ganfeng announcing a US$237 million for 37% of the Cauchari project previously held by SQM. Nearby projects of Lithium X were 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. These transactions imply an acquisition cost of US$55-110 million per 1 million tonnes of lithium carbonate equivalent (LCE) in resources.

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.

   

News

Lake Resources NL (ASX:LKE) Media Interview with Managing Director Steve Promnitz

🕔4/15/2019 2:11:31 PM 790

Lake Resources NL (ASX:LKE) is pleased to provide investors with an opportunity to view an interview with Managing Director Steve Promnitz on the Finance News Network.

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Lake Resources NL (ASX:LKE) Prospectus

🕔4/12/2019 4:34:26 PM 932

Lake Resources NL (ASX:LKE) provides the Company's Prospectus.

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Lake Resources NL (ASX:LKE) Raises $1m in Placement

🕔4/9/2019 10:34:57 AM 921

Lake Resources NL (ASX:LKE) announced today that it has secured commitments to raise approximately A$1 million before costs in an private placement to sophisticated and professional investors.

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Lake Resources NL (ASX:LKE) Kachi PFS to Unlock Lithium Brine Resource - Update

🕔4/9/2019 10:29:42 AM 973

One of the Top 10 largest lithium brine resources globally is poised for development, with Lake Resources NL (ASX:LKE) announcing today the commencement of a pre-feasibility study at its 100% owned Kachi Lithium Brine Project.

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Lake Resources NL (ASX:LKE) Issue of Bonus Options to Shareholders

🕔4/8/2019 2:33:06 PM 952

In recognition of the support from its shareholders Lake Resources NL (ASX:LKE) ACN 079 471 980 wishes to advise that it intends to undertake a bonus issue of options to all shareholders with an address in Australia or New Zealand at 5:00 pm (Brisbane time) on the Record Date.

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Lake Resources NL (ASX:LKE) Kachi PFS to Unlock Top 10 Global Lithium Brine Resource

🕔4/3/2019 9:50:24 AM 1217

One of the Top 10 largest lithium brine resources globally is poised for development, with Lake Resources NL (ASX:LKE) announcing today the commencement of a pre-feasibility study at its 100% owned Kachi Lithium Brine Project.

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Lake Resources NL (ASX:LKE) Foraco International Mobilises Diamond Drill Rig to Cauchari

🕔3/26/2019 10:37:30 AM 1562

Lake Resources NL (ASX:LKE) is pleased to report that it has contracted Foraco International SA to expand current drilling capacity and depth potential at Lake's 100% owned Cauchari Lithium Brine Project. The larger more capable diamond drill rig is mobilising to site and will arrive next week. Two rigs will now be operational at Cauchari.

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Lake Resources NL (ASX:LKE) Quarterly Report

🕔2/1/2019 9:23:42 AM 2130

Lake Resources NL (ASX:LKE) provides the Company's Quarterly Report for the period ending 31 December, 2018.

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Lake Resources NL (ASX:LKE) Investor Briefing and Webinar

🕔1/22/2019 2:39:01 PM 1823

Lake Resources NL (ASX:LKE) is a lithium exploration and project development company, with lithium-brine assets in Argentine. It will be providing an investor briefing via Webinar based on the recently released investor presentation.

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Lake Resources NL (ASX:LKE) Investor Presentation

🕔1/17/2019 12:38:58 PM 1852

Lake Resources NL (ASX:LKE) provides the Company's latest Investor Presentation.

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Company Data

    Headquarters
  • Suite 2, Level 10
    70 Phillip Street
    Sydney, NSW 2000
    Australia
  • Telephone
  • +61-2-9188-7864 
  • Principal Sector
  • Materials 
  • Principal Industry
  • Materials 
  • Listed
  • 2001/08/29 
  • Homepage
  • www.lakeresources.com.au

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