Lake Resources NL (ASX:LKE) Kachi PFS to Unlock Top 10 Global Lithium Brine Resource
Summary
"Discussions will soon be completed with various technical providers of internationally acceptable PFS studies, so that the Company can demonstrate how Kachi can be taken into production using new direct extraction methods at a competitive cost. Kachi is one of the few salt lakes in Argentina with substantial identified lithium brines fully controlled by a single owner, Lake.The Kachi projects maiden JORC Mineral Resource estimate released in late November 2018 is 4.4 million tonnes of contained Lithium Carbonate Equivalent (LCE) in Inferred and Indicated Categories extending to 400m below ground level in porous permeable sediments. Brine-bearing sediments remain open at depth and laterally, with the opportunity for resource expansion through additional deeper drilling and extending the exploration footprint.The Phase 1 engineering study completed with technology partner Lilac Solutions showed the potential for lithium production costs to be US$2600/tonne (+/-30%), which is in the lowest quartile of the cash cost curve, using Lilacs direct extraction process on the Kachi brines. Most reagents are easily sourced locally, except for proprietary materials.To view figures, please visit:About Lake Resources NL Lake Resources NL (ASX:LKE) is a lithium exploration and development company focused on developing its three lithium brine projects and hard rock project in Argentina, all owned 100%. Lake holds one of the largest lithium tenement packages in Argentina (~200,000Ha) secured in 2016 prior to a significant rush by major companies.