Lake Resources Quarterly Report

- January 31st, 2020

Lake Resources N.L. (ASX:LKE) announces the Quarterly Activities Report ending 31 December 2019.

Lake Resources N.L. (ASX:LKE) announces the Quarterly Activities Report ending 31 December 2019.

Highlights:

  • Pre-Feasibility Study (PFS) is near completion for the Kachi Lithium Brine Project in Argentina, a major lithium project in the Lithium Triangle.
  • Large volume high purity lithium carbonate with very low impurities to be produced from Lake’s Kachi Lithium Brine Project for off-takers in Asia. Delivery to commence from March 2020.
  • 20,000 litres of brines currently underway to arrive at pilot plant in California soon after the end of January 2020.
  • Pre-production targeted in early 2020 from pilot plant using Lilac Solutions’ direct extraction ion exchange methodology expected to produce at the lower part of industry cost curve.
  • London based, SD Capital Advisory Limited appointed to secure debt funding of up to US$25 million for DFS, permitting and lithium pre-production from its Kachi Lithium Brine Project in Argentina.
  • Capital raising underway for purpose of increasing shareholder value with intent to repay convertible notes; update due by 10 February.

Click here to read the full ASX Announcement

Is gold a good hedge investment?

 
Get an in depth market report for free!
 

Get the latest Australia Investing stock information

Get the latest information about companies associated with Australia Investing Delivered directly to your inbox.

Australia Investing

Select None
Select All

Leave a Reply