Annual Report to Shareholders
Brisbane, Oct 28, 2020 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) (LK1:FRA) (LLKKF:OTCMKTS) has achieved major milestones this last year towards production of high purity lithium at scale using sustainable direct lithium extraction.
Three major milestones reached included:
1. Demonstrating that Lilac Solutions' direct lithium extraction (DLE) operates successfully using Lake's Kachi Project brines, producing high quality lithium chloride at pilot module scale;
2. Delivering high purity lithium carbonate samples at both lab scale and pilot module scale (post year-end) from high quality lithium chloride produced at pilot module scale from Kachi brines;
3. Exhibiting the cost competitive nature of Lilac's DLE at the Kachi Project with a high value, high margin Pre-Feasibility Study (PFS) using conservative commodity prices.
Lake has a major expandable resource at the Kachi project and has been working with Lilac and their DLE process for over two years as a way of efficiently developing the project. The benefit of Lilac's DLE process, an adaptation of known water treatment called ion exchange,. is that there is no mining, just efficient, rapid, extraction of lithium from lithium bearing salty brines at the Kachi project in hours instead of months or years. Further, the process returns virtually all the brine back to its source without changing the chemistry, except for the removal of lithium, which produces a high purity product. This is a more sustainable, responsibly sourced method than conventional evaporation with a smaller environmental footprint.
To view the Annual Report, please visit:
https://abnnewswire.net/lnk/0UF7QXDO
About Lake Resources NL
Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.
This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.
| ||
|
