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Lake Resources NL

Lake Resources expands its portfolio to 200,000+ hectares of lithium leases in Argentina

Maiden exploration target shows potential for 8 to 17 million tonnes of lithium carbonate equivalent.

Kachi project
Advancing a rapid, low cost method for direct extraction of lithium from Kachi brines

Lake Resources NL (ASX:LKE) has applied for more mining leases near its 100% owned Kachi lithium brine project, increasing the project area to 69,000 hectares.

Lake now holds over 200,000 hectares of lithium leases in Argentina, one of the largest listed lithium lease holdings.

The maiden exploration target released over the Kachi Project, which was only drilled for the first time a year ago, shows potential for 8 to 17 million tonnes of lithium carbonate equivalent (LCE) over an equivalent area of 20 kilometres x 15 kilometres.

The company has partnered with Lilac Solutions to advance a rapid, low cost method for direct extraction of lithium from Kachi brines.

The process aims to enhance the grade, reduce the lead time to production, lower operating costs and significantly increase recoveries.

Lake managing director Steve Promnitz said: “The massive potential of this lithium brine is impressive.

“To use the analogy of the contained fluid in Sydney Harbour, this is equivalent to 25 times that volume.

“The anticipated resource statement will only cover a small portion of this total potential.”

READ: Lake Resources advances drilling at Cauchari Lithium Brine Project in Argentina

Recent drilling at Kachi intersected sand and silts lithologies which are dominated by sandy sediments.

The results indicate that lithium concentration in excess of 300 mg/litre lithium occupy a large portion of the salt lake area.

Drilling is currently progressing at Kachi with a rotary hole and a large diameter deep screen.

Quick facts: Lake Resources NL

Price: $0.06

Market: ASX
Market Cap: $28.69 m
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