- Three 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.
- 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 — click here for the webinar recording.
- Partnership in place with Lilac Solutions for direct brine extraction pilot plant.
- 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.
- 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.
- Lake Resources has identified values of up to 540 mg/L lithium have been intersected at Cauchari.
Lake Resources (ASX: LKE,OTCQB:LLKKF) is a lithium exploration and development company focused on producing high-purity, sustainable lithium at a low-cost from its three 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.
Lake Resources is primarily advancing its wholly owned Kachi lithium project which is approximately 100 kilometres south of the FMC Lithium (NYSE: LTHM) Hombre Muerto lithium brine production site. The property hosts a 2018 mineral resource estimate of 4.4 million tonnes of contained lithium carbonate equivalent. The report outlines an indicated resource of one million tonnes of lithium carbonate equivalent and an inferred resource of 3.4 million tonnes lithium carbonate equivalent.
March 2021, Lake Resources released a pre-feasibility study (PFS) for its Kachi lithium project, including a video webinar recording detailing the results. The PFS includes an annual production target of approximately 25,500 tonnes of battery-grade lithium carbonate using Lilac Solutions' direct lithium extraction (DLE) technology. The study was based on Kachi's indicated resource of 1.01 million tonnes lithium carbon equivalent (LCE) at 290 mg/L lithium. The study projects an operating cost of US$4,178 per tonne, totalling approximately US$544 million in total capital expenses.
Lake Resources has partnered with Lilac Solutions to build a direct extraction pilot plant at the Kachi project. Lilac Solutions has developed a proprietary ion-exchange technology for the extraction of lithium from brine resources. It’s capable of achieving high recoveries, at minimal cost, with rapid processing times, all while providing numerous environmental benefits —- particularly water preservation. The proposed plant involves strategic partnerships with Ford Motor and Hanwa. Katchi aims to provide the world’s cleanest lithium using its unique procedure.
Together with its technology partner Lilac Solutions, Lake Resources has begun producing samples of lithium chloride from its direct lithium extraction pilot plant module. The samples taken from the pilot plant have consistently returned high concentrations of lithium chloride, at an average of 99.97 percent purity. The process results in less water use, limited land use, and reduced carbon dioxide emissions. Its technologically disruptive approach is designed specifically for scalability, with a modular structure that, “...produces high purity lithium, and can be ramped up quickly from pilot to commercial,” according to Steve Promnitz, managing director.