Lake Resources NL Stock Market Press Releases and Company Profile

View in Other Languages Lake Resources NL (ASX:LKE) Kachi DFS Production Increased to 50,000 tpa Lithium Lake Resources NL (ASX:LKE) La producción de DFS de Kachi aumentó a 50 000 tpa de litio Kachi DFS-Produktion von Lake Resources NL (ASX:LKE) auf 50.000 Tonnen Lithium pro Jahr erhöht Lake Resources NL(ASX:LKE)卡奇项目最终可行性研究锂产量增至每年5万吨 Lake Resources NL (ASX:LKE) Kachi DFS Production augmentée à 50 000 tpa Lithium Lake Resources NL (ASX:LKE) Kachi DFS 생산량 50,000tpa로 증가 리튬 Lake Resources NL (ASX:LKE) Produção de Kachi DFS aumentada para 50.000 tpa de lítio Lake Resources NL(ASX:LKE)KachiDFSの生産量が50,000tpaのリチウムに増加 Lake Resources NL (ASX:LKE) Produksi DFS Kachi Meningkat menjadi 50.000 tpa Lithium Lake Resources NL (ASX:LKE) Kachi DFS การผลิตเพิ่มขึ้นเป็น 50,000 tpa Lithium Lake Resources NL (ASX:LKE) Производство DFS в Качи увеличилось до 50 000 тонн лития в год 
Kachi DFS Production increased to 50,000 tpa lithium
Kachi DFS Production increased to 50,000 tpa lithium

Sydney, Jan 19, 2022 AEST (ABN Newswire) - Clean lithium developer Lake Resources NL (googlechartASX:LKE) (googlechartLK1:FRA) (googlechartLLKKF:OTCMKTS) confirms that the production base case will be increased to 50,000 tonnes per annum lithium carbonate equivalent (LCE) in the Definitive Feasibility Study (DFS) and the final investment decision (FID) for the Kachi Lithium Project.

The DFS will be expanded from 25,500 tpa LCE to 50,000 tpa LCE, underpinned by an anticipated increased resource estimate from drilling results (ASX announcement 15 Dec 2021, 7 July 2021).

The formal decision has been driven by:

1. the increasing demand by prospective offtake partners for a secure supply chain of environmentally friendly high purity lithium carbonate;

2. the indicative support to fund the project by Export Credit Agencies and the international bank panel. The UK and Canada Export Credit Agencies have already indicated a willingness to project debt finance around 70 percent of the project's capital requirements (ASX announcement 11 Aug 2021);

3. the supportive investment policies of the Argentine Government who have announced a process to lower export taxes as part of the Strategic Plan for Mining Development;

4. the confidence of technology partner Lilac Solutions that its modular direct lithium extraction technology is scalable and cost effective.

"Given the increasing demand and the significant lithium supply gap, Lake is focused on delivering high purity lithium carbonate at scale with meaningful ESG benefits", Lake's Managing Director, Mr. Steve Promnitz, said.

"Lake has received indicative financial support for an increase in the size of the Kachi project from the Export Credit Agencies (ECA's) of the UK and Canada and the numerous international ECA-supported banks. Also, Lake's technology partner, Lilac Solutions, is focused on advancing the Kachi Project at this larger scale."

Lake's Chairman, Mr. Stu Crow, said the independence of Lake Resources and the Kachi project added to the strategic appeal of the offtake.

"We are well placed given quality resource, leading technology and key finance partnerships to ensure an optimal set of offtake agreements that align with these expansion plans and create maximum value for our key stakeholders," he said.

Detailed information, including an updated resource/reserve, operating parameters and financial estimates, regarding the updated base case will be provided close to the date of the anticipated release of the DFS in mid 2022.


About Lake Resources NL

Lake ResourcesLake 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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Contact

Steve Promnitz
Managing Director
T: +61-2-9188-7864
steve@lakeresources.com.au

For media queries, please contact:
Nigel Kassulke at Teneo
M: +61-407-904-874
E: Nigel.Kassulke@teneo.com



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