Lake Resources

Lake Resources NL DFS Formally Commenced

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announced today the formal commencement of the Definitive Feasibility Study (DFS) for the Kachi Lithium Brine Project, with the appointment of Hatch as the lead consultant.

This builds upon the compelling and robust Pre-Feasibility Study (PFS) announced on 30 April 2020, into the technical and economic viability of Lake’s Kachi Lithium Brine Project in Catamarca, Argentina, based on Lilac’s sustainable direct lithium extraction process. Subsequently the project’s potential to deliver high purity product (99.97% Li2CO3) required by battery makers was demonstrated by Hazen Research, as announced on 20 October 2020. This product has been sent to Novonix for incorporation into batteries.

The DFS is an important milestone in the development of the Kachi Lithium Brine Project as a sustainable and commercially successful producer of high quality lithium product for the rapidly growing battery market. Associated work streams to run in parallel with the DFS include the environmental impact study, continued community engagement, and a demonstration plant to be commissioned on-site later in 2021.

To manage the DFS and related work streams, the board of Lake Resources is pleased to announce that it has appointed Dr Nicholas Lindsay as Technical Director. Previously a Non-Executive Director of Lake Resources, Dr Lindsay is experienced in feasibility studies in South America, and is confidently expected to deliver the Kachi DFS by Q1 2022.

Managing Director Steve Promnitz commented: “The formal commencement of the DFS is a key step for Lake to deliver the Kachi project into production with ESG credentials in demand as the transition to EV’s gathers pace. The bridging studies have been underway since the PFS and now the formal engagement of Hatch has occurred. Nick Lindsay’s assistance with the PFS was invaluable and will now be expanded upon in the DFS.”

About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

Source:
Lake Resources NL

Contact:
Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au

Anthony Fensom
Republic PR
T: +61-407-112-623
E: anthony@republicpr.com.au

Henry Jordan
Six Degrees Investor Relations
T: +61-431-271-538
E: henry.jordan@sdir.com.au

News Provided by ABN Newswire via QuoteMedia

LLKF
The Conversation (0)
Cleantech Lithium

DLE Pilot Plant First Stage Production Completed, Downstream Process Optimised with Sample of Battery-Grade Lithium Produced

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces completion of the first stage of production from the Company´s DLE pilot plant operations and results from successful downstream process test work to produce battery-grade lithium carbonate by process partners in North America.

Keep reading...Show less
White Cliff Minerals

Appointment of Strategic Advisor

White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce the appointment of John Hancock (“John”) as a Strategic Advisor to the Board of White Cliff Minerals Ltd. The Company expects significant growth with its current and future portfolio of projects in the coming 12 months and is working now to secure appropriate personnel to assist with this.

Keep reading...Show less
Neon battery and lightning shapes.

Top 3 ASX Lithium Stocks of 2024

Global demand for lithium-based power presents a significant opportunity for Australia, the top lithium-producing nation. As countries and companies establish their positions in the battery value chain, Australia has the ability to leverage its strong output and vast reserves to shape the industry landscape into the 2030s.

The future of lithium demand relies heavily on the growth of the electric vehicle (EV) market, and in recent years its rapid expansion has led to much higher mining of the commodity — so much so that the market has entered a surplus.

This oversupply kept lithium prices subdued in the first half of 2024, but experts continue to forecast a bright long-term outlook for the essential battery material as countries around the world pursue net-zero goals.

Keep reading...Show less
White Cliff Minerals

Further IOCG, Copper and Epithermal Mineralisation Discovered at Great Bear Lake U-Cu-Ag-Au Project

Works commence at Nunavut Cu-Ag-Au Project

White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce that further widespread, IOCG-U polymetallic, mineralisation has been visually observed during the maiden fieldwork program at the 100% owned Great Bear Lake U-Cu- Au-Ag Project in northern Canada and that works have now commenced at the 100% owned Nunavut Cu-Ag-Au Project.

Keep reading...Show less
Lithium periodic symbol leaning against lithium ore and blue batteries.

Top 6 Lithium Stocks of 2024

Now that Q2 has come to a close, it's time to look at the year's best-performing lithium stocks on Canadian, US and Australian exchanges.

While oversupply and weak prices kept some companies from registering big gains during the first half of 2024, others like those below still saw share price grow.Unlike the fluctuations observed in 2023, the lithium market has exhibited greater stability during the first half of 2024.

However, influenced by weak prices in China, the lithium hydroxide market has seen prices remain lower than anticipated.

Market oversupply prompted some lithium producers to trim 2024 output targets in hopes that some of the excess would be absorbed in the market.

Keep reading...Show less
Lithium periodic symbol and Canadian flag.

Top 5 Canadian Lithium Stocks of 2024

Continued surpluses in the lithium market have weighed down prices and impeded the sector’s growth during the second quarter of 2024. The excess has been attributed to heightened production in 2021 and 2022 amid higher lithium prices.

According to a July Fastmarkets report, increased lithium demand is fully priced into the market. China's lithium carbonate equivalent production from lepidolite rose by 126 percent year-over-year in April, while spodumene production increased by 109 percent. The accumulation of inventory suggests that there is no immediate supply shortage, but time is needed for demand to absorb the surplus.

With so much excess in the market, many lithium producers and explorers have struggled to see positive share price activity. However, several Canadian-listed lithium companies were able to see some growth during the first half of the year.

Keep reading...Show less

Latest Press Releases

Related News

×