• New leases expand Lake’s 100% owned Kachi Lithium Project to 69,000 Ha, an increase of over 25%, consolidating ownership in 36 mining leases. Lake now holds over 200,000 hectares of lithium leases in Argentina.
• Recent drilling on platform K08 confirms +300 mg/L lithium values are present in the south and are likely to continue beneath cover based on geophysical results.
• Maiden exploration target shows potential for 8 to 17 million tonnes lithium carbonate equivalent (LCE) over enlarged area of 20 km x 15km with brines from surface to 400+ metres depth. The awaited initial resource estimate will only cover a small portion of the exploration target.
• Kachi is the lowest point of a large drainage area covering 6800 square kilometres (2500 square miles) larger than most basins where lithium brine is being extracted. The lithium bearing brines at Kachi are hosted in high porosity, permeable sandy sediments.
• Lake has partnered with Lilac Solutions to advance a rapid, low cost method for direct extraction of lithium from Kachi brines. The process aims to enhance the grade, reduce the lead time to production, lower operating costs and significantly increase recoveries.
Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) is pleased to release new information regarding an expanded and consolidated package of mining leases covering the large maiden exploration target on Lake’s 100% owned Kachi Lithium Brine Project.
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