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Lake Resources NL
Summary
| Project: | Kachi | |
|---|---|---|
| Deposit: | Kachi | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium-Potassium | |
| Date: | 4/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-4-2020: Lake Resources NL announces a Pre-Feasibility Study report for its Kachi deposit at the Kachi project. PFS results incl. post-tax NPV (8%) of US$748M and IRR of 22%. Lithium explorer and developer Lake Resources NL (ASX: LKE; OTC:LLKKF) has com | |
| Resources: | (Resources, I+I): 3.8km3 Brine @ 211mg/L Li (826kt Li) | |
| CP/QP: | [Overall Report]: Andrew Fulton (Groundwater Exploration Services Pty Ltd.) | |
| ABSTRACT: | Lithium explorer and developer Lake Resources NL (ASX: LKE; OTC:LLKKF) has completed a compelling and robust Pre-Feasibility Study (PFS) into the technical and economic viability of Lake’s Kachi Lithium Brine Project in Catamarca, Argentina. The study demonstrates the project’s potential to deliver high purity product required by battery makers, based on a sustainable and scalable process (refer project details in Tables 1, :2 and 3). The study focused on the engineering and costing of preferred process design options supported by direct lithium extraction test work by Lilac Solutions, with Hatch appointed to provide engineering and design services. Lake’s Managing Director Steve Promnitz said: “This is a major milestone for Lake that allows us to ramp up project development initiatives. The PFS highlights the cost competitive nature and scale of the flagship Kachi Project using direct extraction, but has the benefit of producing high purity product capable of attracting premium pricing, while being a leader in sustainable lithium desired by Tier-1 electric vehicle makers. The PFS together with samples from the pilot plant will help advance discussions with off-takers and financiers.” | |
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