Lake Resources (“Lake” or “the Company”) is concentrating activities on a number of 100% owned lithium projects in Argentina. The most advanced is the Kachi Lithium Project (“Kachi”) which covers the Carachi Pampa salt lake, located some 100 km south of Livent’s Hombre Muerto operation.
Lake has defined a large Mineral Resource Estimate (“MRE”) of 4.4 Mt lithium carbonate equivalent (“LCE”) at a grade of 211 mg/L Li, and is now working towards a Pre-Feasibility Study, due for completion in late 2019. The key to the possible technical and commercial viability is the utilisation of ion exchange technology for the direct extraction of lithium from the brines.
