Lake Resources (ASX:LKE) delivers ‘as specified’ product from Kachi project, Argentina – The Market Herald

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  • Lake Resources (LKE) is delivering an “as specified” product from its Kachi demonstration plant in Argentina after completing initial testing at the site
  • Company processes Kachi brines in demonstration plant, with final process optimization now nearing completion
  • According to David Snydacker, CEO of Lake’s partner company, Lilac Solutions, the project achieves 80% lithium recovery just one month after wet commissioning begins.
  • Lake proposes that this final lithium product should then be qualified by a Tier 1 battery manufacturer to validate product specifications
  • Lake Resources shares jumped 8.49% to trade at $1.15 at 12:51 a.m. AEDT

Lake Resources (LKE) has delivered an “as specified” product from its demonstration plant in Kachi, Argentina after completing initial testing at the site.

The company said construction of the on-site plant was completed and the wet and dry commissioning process took place in September and October.

Currently, Lake and its partner company, Lilac Solutions, process Kachi brines in the demonstration plant, with final process optimization nearing completion.

According to Lilac CEO David Snydacker, the project achieved 80% lithium recovery just one month after the start of wet commissioning.

Lake CEO David Dickson said he was “delighted” to see early results meeting the expected specifications.

“This validates the many years of test work that took place at Lilac’s facilities in Oakland during COVID when site access was impossible,” Dickson said.

“We look forward to seeing the test work move to a stable state and then have the process validated by Hatch so that work on the DFS can be completed. »

Lake proposed that the final lithium product from the test work be qualified by a Tier 1 battery manufacturer to validate the product specifications.

In early September, Lake reported a CONTESTATION with Lilac on her winning milestones at the project. Lilac gains a 25% stake in the Kachi project.

Nevertheless, demonstration test work continues despite the disagreement.

Shares of Lake Resources jumped 8.49% to trade at $1.15 at 12:51 a.m. AEDT.

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