Lake Resources aims to sustainably produce clean quality lithium carbonate for fast-growing battery market
- Lake Resources to leverage Lilac Solutions technology and funding partnership for Kachi Lithium Brine Project, shares up
- Lake Resources provides investors “incredibly cheap” direct lithium extraction exposure: Orior Capital Limited
- Lake Resources says Novonix results demonstrate the quality of its high purity lithium in batteries
Quick facts: Lake Resources NL
Price: 0.58 AUD
Market Cap: $647.29 m
About the company
Lake Resources NL (ASX:LKE) is a clean lithium developer utilising ‘clean’ direct extraction technology for the production of sustainable, high purity lithium from its flagship Kachi Project within the Lithium Triangle in Argentina among other projects covering 200,000 hectares.
LKE’s Kachi Project is a large lease holding of 70,000 hectares with an expandable resource of 4.4 million tonnes of lithium carbonate equivalent of which only 20% is used for 25 years of production at 25,500 tonnes per annum.
The direct extraction method used by the company delivers a solution for two rising demands of electric vehicle batteries – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials.
How it is doing
Lake Resources NL (ASX:LKE, OTCQB:LLKKF) and technology provider Lilac Solutions, Inc have cemented their relationship by finalising a partnership for technology and funding to develop the Kachi Lithium Brine Project in Argentina.
Under the terms of a partnership earn-in, Lilac is now able to achieve an equity stake in the project in return for providing its leading technology and expertise to advance the project.
The partnership is poised to become a producer of some of the highest quality lithium on the market, with recovery rates of 80-90% and lithium carbonate purity of 99.97%.
This will be made possible by utilising Lilac’s efficient direct extraction method that sets a new industry standard for environmentally friendly production methods that don’t require sacrificing quality.
Lake Resources NL (ASX:LKE, OTCQB:LLKKF) has taken a big step closer to securing financial support for its flagship Kachi Lithium Project after receiving a strong Expression of Interest to fund the project to approximately 70% of the total requirements.
The clean lithium developer is utilising direct extraction technology for production of sustainable, high purity lithium from the Kachi Project, which is in the Catamarca Province, within the Lithium Triangle in Argentina.
The program aims to upgrade Kachi’s 4.4 million tonnes lithium carbonate (LCE) total resource from measured and indicated resources to reserves for a definitive feasibility study and production expansion study.
Insight: Lake Resources provides investors “incredibly cheap” direct lithium...
Lake Resources N.L. (ASX:LKE) (OTCMKTS:LLKKF) (FRA:LK1) has welcomed a research report by Orior Capital Limited analyst Simon Francis which highlights the potential upside for the company’s Kachi Lithium Project in Argentina.
Notably, the report flagged that Lake is “incredibly cheap” and assigned the company a valuation of A$1.89 per share - seven times the current share price.
What management says
Lake Resources NL's (ASX:LKE) (OTCMTS:LLKKF) Steve Promnitz caught up with Proactive's Andrew Scott following initial testing by Novonix Ltd (ASX:NVX) (OTCQX:NVNXF) which has shown that its lithium carbonate performs better than commercially available battery-grade lithium carbonate in lithium-ion battery cells. Larger scale tests will now be conducted using batch-scale synthesis to demonstrate repeatability, homogeneity and cell characterisation and validation in full lithium-ion wound pouch cells, as part of Novonix’s pilot-scale cell line facilities in Nova Scotia, Canada.
Lake Resources is using disruptive technology to sustainably extract lithium from brines to produce high-purity and high-value lithium products at low-cost.
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