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Lake Resources Announces Lowest Quartile Cash Costs Estimated from Production at Kachi using Lilac Process

• Phase 1 Engineering Study with partner Lilac Solutions shows potential for lithium production costs to be US$2600/tonne (+/-30%) in lowest quartile at Lake’s 100% owned Kachi Lithium Brine Project, using Lilac’s direct extraction process.

• High lithium recoveries of 85-90% confirmed from multiple brine samples, with lithium concentrations greater than 25,000 mg/L produced from ~300 mg/L lithium brine.

• On-site pilot plant eyed in 2019 as part of pre-feasibility study (PFS), as a precursor to full-scale commercial project offering rapid, low-cost production with low environmental impact.

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) announced today that its plans for a low-cost, rapid production lithium mine with significantly high lithium recoveries have received a boost, following the results of a Phase 1 Engineering Study conducted by California-based Lilac Solutions, Inc.

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