Lake has launched an expansion and integration strategy to accelerate its portfolio of assets in
A separate exploration and testing team dedicated to the rapid development of Lake’s other three brine projects in
The drilling program began with the first rotary well of a 4,000m 10-hole program, in the northern areas of the Olaroz concessions, which cover a 30km long area on the east side of established lithium producers . These projects are located in the province of Jujuy, northwest of
The boreholes are designed to quickly quantify identified brines, develop aquifers, perform pumping tests and provide data for early feasibility studies.
The brines will be sampled and tested with an environmentally friendly direct lithium extraction method, similar to previous work conducted on lithium brines from the Kachi project.
“Direct lithium mining, for use on Lake’s multiple lithium projects, can deliver scalable projects to market faster and meet rapidly increasing demand,” said Lake’s general manager, Mr.
president of the lake, Mr.
1. Growing demand from potential supply partners for a secure supply chain of environmentally friendly high-purity lithium carbonate;
2. Indicative support for the financing of new projects by export credit agencies and the international banking panel. the
3. the favorable investment policies of the Argentine government which announced a process of reduction of export taxes within the framework of the Strategic Plan for
4. Technology partner Lilac Solutions’ confidence that its modular direct lithium extraction technology is scalable and cost effective.
“This, combined with customer and consumer scrutiny of the environmental credentials of lithium production and concerns about security of supply, has given us the confidence to accelerate these developments,”
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This method will enable Lake Resources to be an efficient, responsible, environmentally friendly and competitive supplier of high purity lithium that is easily scalable and in demand by EV and Tier 1 battery manufacturers.
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