Annual Report to Shareholders
Sydney, Oct 27, 2022 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) (LK1:FRA) (LLKKF:OTCMKTS) is pursuing the production of sustainable, high purity lithium using ion exchange technology.
Lake aims to deliver a high purity, battery-grade product with minimal environmental impact, offering substantial ESG benefits.
The Company is finalising a definitive feasibility study for the production of 50,000 tonnes per annum (tpa) LCE at its Kachi Lithium Project.
Added to its other lithium projects of Cauchari, Olaroz and Paso, as part of 'TARGET 100' Lake is planning 100,000 tpa production by 2030 in Argentina's 'Lithium Triangle,' where 40% of the world's lithium is produced at the lowest cost.
Tier 1 EV and battery makers have been seeking more sustainable, responsibly sourced materials in their supply chain, and this is driving demand for Lake's product.
With analysts pointing to an increasing supply deficit for battery-quality lithium, Lake's projects are in the right location at the right time as we look to start development towards production.
*To view the Annual Report, please visit:
https://abnnewswire.net/lnk/8148250R
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.
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