Lake Resources NL Quarterly Business Report

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Sydney, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) provides a clean solution for the delivery of high-quality lithium into the battery materials supply chain powering the energetic transition. Lake uses disruptive ion exchange extraction technology from California-based Lilac Solutions Inc (Lilac), which wins in the flagship Kachi project, for efficient production of high-purity lithium with significant ESG benefits. No mining is involved in the processing of the brine.

The Kachi Lithium Brine project targets production at a rate of 50,000 tpy of lithium carbonate. Kachi is indicatively funded in production with long-term, low-cost project funding from UK Export Finance and Canada’s EDC for approximately 70% of the total funding required for Kachi’s development , subject to standard project funding terms (ASX release August 11, 2021).

Lake’s development plan utilizes a cost-effective DLE method that enables Lake to quickly come to market at significant scale with strong ESG benefits, low carbon (CO2) footprint, low water consumption and low utilization lands.

High-purity battery-grade lithium carbonate (99.97% purity) was produced (ASX release October 20, 2020) from pilot plant modules.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/952864ZN

About Lake Resources NL:

Lake Resources NL (ASX: LKE) (OTCMKTS: LLKKF) is a clean lithium developer using clean, direct mining technology to develop sustainable high-purity lithium from its flagship Kachi project, as well as three other lithium brine projects in Argentina. The projects are located 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, responsible, green and competitive supplier of high purity lithium that is easily scalable and in demand by EV and Tier 1 battery manufacturers.

Source:
Lake NL Resources

Contact:

For media queries, please contact:
Nigel Kassulke at Teneo
M: +61-407-904-874
E: [email protected]
 
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