Lake Resources NL (ASX:LKE) provides the Company's latest presentation.
Lake Resources NL
Lake Resources NL (ASX:LKE) is a lithium exploration and development company focused on developing its 3 lithium brine projects and 1 hard rock project in Argentina, all owned 100%. The leases are in a prime location among the lithium sector's largest players within the Lithium Triangle where half of the world's lithium is produced. Lake holds one of the largest lithium tenement packages in Argentina (~180,000Ha) secured in 2016 prior to a significant 'rush' by major companies. The large holdings provides the potential to provide security of supply demanded by battery and electric vehicle manufacturers located.
The three key brine projects, Olaroz/Cauchari, Paso and Kachi, are located adjacent to major world class brine projects either in production or being developed in the highly prospective Jujuy and Catamarca Provinces. The Olaroz-Cauchari project is located in the same basin as Orocobre's Olaroz lithium production and adjoins SQM/Lithium Americas Cauchari project, where high grade lithium (600 mg/L) with high flow rates have been drilled immediately across the lease boundary. The Kachi project covers 50,000 Ha over a salt lake south of FMC's lithium operation and near Albemarle's Antofalla project.
Drilling at Kachi has confirmed a large lithium brine bearing basin over 25km long and over 400m deep. Drilling over Kachi is aimed to produce a resource statement later in 2018. Drilling will commence in coming months at Olaroz-Cauchari now that tenure has been confirmed in a landmark agreement in March 2018. This will provide several catalysts for the company's growth. Scope exists to unlock considerable value through partnerships and corporate deals in the near-term.
Significant corporate transactions continue in adjacent leases with development of SQM/Lithium Americas Olaroz/Cauchari project with an equity/debt investment over $300 million and Advantage Lithium's equity transaction in some of Orocobre's leases. LSC Lithium has also raised over $60 million on a large lease package in similar areas as Lake's properties. Nearby projects of Lithium X were recently acquired via a takeover offer of C$265 million completed March 2018.
The demand for lithium continues to be strong for lithium ion batteries in electric vehicles, according to recent data from the leading independent battery minerals consultant - Benchmark Mineral Intelligence. Supply continues to be constrained suggesting good opportunities for upstream lithium companies for many years.
Lithium exploration company Lake Resources N.L. (ASX:LKE) additional larger rotary drill rig will commence operations in the coming days to accelerate the drilling of lithium brines within conductive sands at the Company's 100%-owned Kachi Lithium Brine Project in Catamarca.
Argentina focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to provide shareholders with a video interview with Finance News Network regarding the company's landmark deal in Argentina in Jujuy province as discussed by Lake's Managing Director, Steve Promnitz.
FINANCE VIDEO: Lake Resources Ltd (ASX:LKE) Interview with Steve Promnitz on Argentinian Lithium Projects
Lake Resources Ltd (LKE.AX) Managing Director Steve Promnitz is interviewed by Tim Mckinnon of ABN Newswire regarding the recent agreement with the Jujui Province and the company's lithium projects in Argentina.
Lake Resources NL (ASX:LKE) provides the Company's latest Presentation titled "Large Scale - Jujuy Leases Heartland of Prime Lithium".
Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to advise it will host an investor teleconference with Managing Director, Steve Promnitz, on Friday, 2 March 2018 at 10:30 am Australian Eastern Daylight Time, to discuss the recent developments regarding the landmark agreement with Jujuy Province, Argentina.
Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE) is pleased to announce the signing of a landmark agreement with Jujuy Province, Argentina that confirms tenure of Lake's ~45,000 hectares of mining leases which covers Lake's Olaroz - Cauchari Lithium Brine Project and Paso Lithium Brine Project in Argentina.
Lithium exploration company Lake Resources N.L. (ASX:LKE) has sourced an additional larger rotary drilling rig to accelerate the drilling of lithium brines within porous sands, which are excellent host horizons, at the Company's 100%-owned Kachi Lithium Brine Project in Catamarca.
Further to Lake Resources N.L. (ASX:LKE) announcement of 3 November 2017, the Company is pleased to confirm that it has completed the issue of 1,665,000 unsecured notes to sophisticated and professional investors, raising a total of $1.665 million for the Company.
Lake Resources NL (ASX:LKE) provides the Company's Quarterly Activities and Cashflow Report for the period ending 31 December, 2017.