The agreement with Jujuy confirms tenure of Lake's ~45,000 hectares of mining leases which covers Lake's Olaroz - Cauchari Lithium Brine Project and Paso Lithium Brine Project in Argentina.
- Leases adjoin lithium brine production and development projects in Jujuy, Argentina.
- The Olaroz-Cauchari Lithium Brine Project and Paso Project are 100% owned by Lake.
- Agreement signed with Lake's subsidiaries confirms tenure and the granting of Lake's leases in the world's prime lithium brine location.
- Activity has been stalled for two years pending approvals - now effectively resolved with this agreement.
- Leases were pegged prior to the recent rush for projects in the lithium sector in the same basin as Orocobre and SQM/Lithium Americas.
Drilling is commencing at Cauchari with results expected in the short term.
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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