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Lake Resources increases supply of Kachi lithium samples for potential partners and off-takers

The company is targeting Q1 2020 for pre-production of initial lithium products for customer qualification purposes for off-takers and potential project partners.

Lake Resources NL - Lake Resources increases pilot plant samples for potential Kachi partners
Lake is sending additional brine from the Kachi project to California, USA

Lake Resources NL (ASX:LKE) is sending additional lithium samples to potential project partners and off-takers amid growing interest in the company's Kachi Lithium Brine Project in Argentina.

The company will dispatch 20,000 litres of lithium brine from the Kachi project to the pilot plant being built in California, USA, by Lilac Solutions, based on its potentially industry-disrupting direct extraction ion exchange process.

Designed by Silicon Valley-backed Lilac Solutions and international engineering company Hatch, the pilot plant aims to produce a high-quality, low-impurity product at a low cost that is expected to attract premium pricing.

Lake is targeting pre-production in Q1 2020 from the pilot plant with the first module completed.

Meanwhile, a pre-feasibility study is nearing completion for Kachi, which ranks amongst the top 10 global lithium brine resources with a maiden resource estimate of 4.4 million tonnes of lithium carbonate equivalent.

High-quality low-impurity products 

Managing director Steve Promnitz said, “We are pleased that the plant is producing samples and are keen to dispatch these to potential off-takers as quickly as possible to enable their evaluation of the effectiveness of the Lilac technology.

“We plan to produce the samples in California first to ensure the first modules are operating effectively prior to moving them [modules] to site.

“Lake is confident the Lilac process can deliver consistently high-quality, low-impurity products that suit the downstream market with a quick, efficient and scalable extraction method that is also environmentally sustainable.”

Promnitz continued, “Next year is set to mark a number of new milestones for Lake as we advance our key projects.

“With a strengthened board and support from investors, we are confident of delivering increased value for shareholders in an environment where delivering quality lithium products will be crucial to success.”

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Market: ASX
Market Cap: $23.5 m

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Lake Resources achieves key milestone as partner completes commissioning of...

Lake Resources Ltd's (ASX:LKE) (OTC:LLKKF) Steve Promnitz speaks to Proactive's Andrew Scott following the news its technology partner Lilac Solutions has completed commissioning of the direct lithium extraction pilot plant module dedicated to processing of brines from the Kachi project in...

on 29/6/20

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