Lilac Resumes Operations on Kachi Brines
- Lake's technology partner, Lilac Solutions, returns to operations this week after the loosening of COVID-19 restrictions and removal of curfews.
- First priority is to produce samples for interested parties with processing underway of Lake's Kachi brines through the pilot plant modules at Lilac's new upgraded facility.
- Regular updates on processing activity will be provided.
- Operations are underway as interest increases in more sustainable and consistent high purity lithium products, a benefit of Lilac's technology, amid multi-billion dollar electric vehicle (EV) investments in Europe and Asia.
Processing is underway of the 20,000 litres of brine received from Lake's Kachi Lithium Brine Project through the pilot plant modules at the new upgraded facility and warehouse, together with the completion of commissioning. Other key service providers to Lilac operations have also re-opened.
The full resumption of operations comes amid increasing interest in sustainable and consistent high purity lithium products, a benefit of Lilac's technology, and with growing pricing improvements for high purity lithium products given a lack of battery-grade supply for EV makers.
Lake's recent Kachi Pre-Feasibility Study (PFS) (refer ASX announcement 30 April 2020) and published research have demonstrated the cost competitive, sustainable and scalable nature of the Lilac direct extraction process which is being employed at the Kachi Lithium Brine Project. The process is able to deliver a high purity product which attracts premium pricing.
European nations including France, Germany, the Netherlands and United Kingdom have recently announced multi-billion dollar subsidies and investments to support the EV industry as part of post-pandemic recovery plans, adding to recent boosts in China and South Korea.
Lake's Managing Director, Steve Promnitz said: "Lilac's processing of the Kachi brines to produce a high purity lithium carbonate is a critical body of work that will deliver huge upside value for Lake. We have every confidence in the Lilac technology and the proven direct extraction process that will be implemented at the Kachi project. Recent delays at Lilac have been completely understandable given the global impacts of COVID-19, but we look forward to reporting the first sizeable high purity lithium carbonate samples soon."
About Lake Resources NL
Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.
This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.
Lake Resources NL