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Lake Resources expects lithium brine PFS before year’s end

The company’s flagship asset is its Kachi Lithium Brine Project in Argentina.

ASX Ltd. - Lake Resources expects lithium brine PFS before year’s end
The company has four 100% owned lithium projects in Argentina

Lake Resources NL (ASX:LKE) continues to develop its Kachi Lithium Brine Project in Argentina with the pilot plant under construction.

The plant is being built off-site and will be delivered once complete, which is estimated to be in early 2020.

Lake will then be able to feed Kachi product into the pilot plant to validate its processing flowsheet and generate lithium product for potential offtakers.

At the Kachi Lithium Brine Project in Catamarca, a maiden JORC Mineral Resource was defined with 4.4 million tonnes of contained lithium carbonate equivalent (LCE).

A pre-feasibility study (PFS) is well advanced and will be completed prior to the calendar year-end.

Targeting pre-production in early 2020

Lake’s chairman Stu Crow wrote in a letter to shareholders recently: “Lake Resources is located in the heart of the lithium triangle in South America where nearly half the world’s production is sourced and all of which is at the low-cost end of the lithium cost curve.

“Your company is transitioning to pre-production of lithium product in the coming financial year, as a developer of lithium brine projects, from an exploration phase in the previous financial year.

“In the financial year just ended, a major JORC Mineral Resource was defined at the Kachi project placing it amongst the Top 10 lithium brine projects globally, which, together with a modern, efficient processing method will produce premium low-impurity lithium products sustainably into the future.

Growing tenure in quality area

“Additionally, Lake now has a second well-defined high-grade lithium brine project at Cauchari, thanks to successful drilling, extending a major near-production adjoining resource into Lake’s leases.

“Lake has become one of only a few substantial lithium companies with multiple projects of significance in Argentina with a cost-effective pathway to production.”

Quick facts: ASX Ltd.

Price: 77.24 AUD

Market: ASX
Market Cap: $14.95 billion

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