Cauchari Lithium Brines Similar to World-Class Neighbour
Lake Resources NL (ASX: LKE) announced today new definitive results from detailed packer sampling from its 100% owned Cauchari Lithium Brine Project that compare favourably to the world-class neighbouring project moving to production next year, reaffirming the Company’s confidence in Cauchari’s potential in the heart of the Lithium Triangle. Please see the table below showing the range of lithium grades and intervals.
Higher grades averaging* 505 mg/L including zones of 540 mg/L shown in new definitive results over wider interval of 340m (120m to 460m) at Lake’s Cauchari Lithium Brine Project, Argentina
Results similar to neighbouring world-class project which has 580mg/L lithium average grade in Indicated resource (1) where major lithium producer recently paid US$397 million to acquire 50% of the project.
Reaffirms Lake’s confidence in its 100% owned project as being a major discovery in the heart of the Lithium Triangle, home to half the world’s output at the lowest cost.
Further results expected in coming weeks from recently extended zone below 460m with current depth 540m and expected to deepen to 600m.
Following this major discovery, Lake intends to fast-track of the drill rig to its Olaroz project aiming to repeat the discovery success alongside current production over Lake’s 14,000 hectares of 100% owned leases.
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