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Lake Resources aims to sustainably produce clean quality lithium carbonate for fast-growing battery market

Last updated: 11:33 02 Sep 2021 AEST, First published: 08:25 24 Nov 2020 AEDT

Snapshot

  • Lake Resources brings in chief accounting officer with energy expertise
  • Lake Resources provides investors “incredibly cheap” direct lithium extraction exposure: Orior Capital Limited
  • Lake Resources details lithium expansion strategy in Argentina
Lake Resources NL -

About the company

Lake Resources NL (ASX:LKE) is a clean lithium developer utilising ‘clean’ direct extraction technology for the production of sustainable, high purity lithium from its flagship Kachi Project within the Lithium Triangle in Argentina among other projects covering 200,000 hectares.

LKE’s Kachi Project is a large lease holding of 70,000 hectares with an expandable resource of 4.4 million tonnes of lithium carbonate equivalent of which only 20% is used for 25 years of production at 25,500 tonnes per annum.

The direct extraction method used by the company delivers a solution for two rising demands of electric vehicle batteries – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials.

How it is doing

03 Jul 2023

Lake Resources NL (ASX:LKE, OTCQB:LLKKF) has announced the immediate appointment of Lindsay Bourg to the role of chief accounting officer. Bourg will be based in the company's Houston office.

The strategic appointment adds 20 years of experience to Lake’s management team, with Bourg making her mark in accounting and finance functions within the energy sector.

Lake is determined to enhance its rigour and focus on financial planning and project analysis.

“We continue to strengthen the bench of talent with widely recognised executives as we pursue the tremendous opportunity we have ahead of us to set a new global standard for producing cleaner, high-purity battery-grade lithium at speed and scale,” Lake managing director and CEO David Dickson said.

19 Jun 2023

In a move to accelerate the time to first lithium production as well as to de-risk project execution, Lake Resources NL (ASX:LKE, OTCQB:LLKKF) will construct two 25,000 tonnes per annum (ktpa) plants at its Kachi Project in Argentina.

The company utilising direct lithium extraction (DLE) technology to produce cleaner battery-grade lithium carbonate intends to provide clear milestones based on the two-phase approach.

15 Jun 2023

Leaping forward, Lake Resources NL (ASX:LKE, OTCQB:LLKKF) has increased the measured and indicated (M&I) resource estimate for its flagship Kachi Project in Argentina to 2.93 million tonnes of lithium carbonate equivalent (LCE) from 2.19 million.

Continued drilling activities throughout the year have expedited the project's development, defining resources to a depth of 400 metres covering 106 square kilometres.

Insight: Lake Resources provides investors “incredibly cheap” direct lithium...

16 Jun 2021

Lake Resources N.L. (ASX:LKE) (OTCMKTS:LLKKF) (FRA:LK1) has welcomed a research report by Orior Capital Limited analyst Simon Francis which highlights the potential upside for the company’s Kachi Lithium Project in Argentina.

Notably, the report flagged that Lake is “incredibly cheap” and assigned the company a valuation of A$1.89 per share - seven times the current share price.

What management says

15 Feb 2022

Lake Resources NL (ASX:LKE, OTCQB:LLKKF)'s Steve Promnitz says they've kicked off an expansion and integration strategy to fast-track its portfolio of assets in Argentina to deliver the TARGET 100 Program. It's aiming to produce 100,000 tonnes of high purity lithium annually to market by 2030.

Proactive Research

16 Sep 2020

Lake Resources is using disruptive technology to sustainably extract lithium from brines to produce high-purity and high-value lithium products at low-cost.

Lake Resources details lithium expansion strategy in Argentina

Lake Resources NL (ASX:LKE, OTCQB:LLKKF)'s Steve Promnitz says they've kicked off an expansion and integration strategy to fast-track its portfolio of assets in Argentina to deliver the TARGET 100 Program. It's aiming to produce 100,000 tonnes of high purity lithium annually to market by 2030.

on 15/2/22