- Lake Resources has five wholly owned clean lithium brine projects in stable mining jurisdictions in Argentina.
- Projects are near major lithium brine properties operated by Livent (NYSE:LTHM), Lithium Americas, SQM, Ganfeng Lithium and Advantage Lithium.
- Lake Resources is developing a multi-asset Tier One producer, with lithium at 99.7 percent purity that aims to provide cleaner lithium for an electric world.
- Kachi property has a mineral resource estimate of 4.4 million tonnes of contained lithium carbonate equivalent (LCE).
- Prefeasibility study of the Kachi projects foresees 25,500 tonnes of battery-grade lithium carbonate at US$4,178 per tonne for a total cost of US$544 million.
- Partnership in place with Lilac Solutions for direct brine extraction pilot plant.
- Working with Hazen Research to produce large samples of its battery-quality lithium carbonate.
- Development laboratory Novonix Battery Technology Solutions appointed to produce lithium-ion battery test cells using Lake Resources' lithium carbonate.
- Cauchari and Olaroz are structured as strategic extensions of neighbouring resources.
- Drilling at Cauchari proved the brine value holds similar chemical grades to other Cauchari-Olaroz lithium properties.
- The only junior with proven lithium brines in the Cauchari area.
The electric vehicle boom is unstoppable. Battery-powered cars could reach a 40 percent increase in global sales and the demand for lithium is expected to double to 1.5 million tonnes by 2027. The bullish outlook could be traced back to lithium-ion battery’s ability to charge faster and store higher power capacity in a lighter package.
Although Australia, Chile and China have long been the world’s top lithium producers for years, Argentina has now emerged at the forefront accounting for 21 percent of the world’s reserves. The country’s lithium mining pipeline consists of two that are currently operational, 13 planned and dozens under consideration.Lake Resources (ASX: LKE,OTCQB:LLKKF) is a lithium development company focused on producing high-purity, sustainable lithium at a low cost from its five wholly owned lithium brine projects in Argentina. The projects lie within one of the most sizable, wholly owned land packages amongst the largest players within the Lithium Triangle — home to 40 percent of the world's lithium supply.