Expands Kachi Project with Additional Leases(2,500 HA)
Brisbane, Mar 24, 2017 AEST (ABN Newswire) - Lake Resources N.L. (
ASX:LKE) ("Lake" or "LKE") is pleased to advise that additional leases have been secured at the Kachi Lithium Brine Project in Catamarca province, Argentina.
- Kachi Lithium Brine Project now covers total consolidated area of ~52,000 Ha
- ~90% of project leases now approved for exploration
- Results from near-surface brine sampling expected shortly
This is the first time the area has been consolidated under one owner 100%, with the great majority of all leases being approved for exploration.
More sample results are expected soon, to be followed by geophysics and an initial drilling programme.
More Leases - Kachi Lithium Brine Project
Further mining leases have been secured (~2,500 Ha) over the Kachi Lithium Brine Project in Catamarca province. These were critical areas of mining title to consolidate the area.
This is the first time the area has been consolidated under one owner 100%. These cover a combined area of ~52,000 Ha of adjoining consolidated leases. Virtually all leases have been approved for exploration (~90% by number), an important stage of progress for the Company, as set out in the shareholder approved acquisition of LithNRG Pty Ltd last year.
Results Soon - Kachi Lithium Brine Project
Results are expected soon from the near-surface brine sampling programme over the salt lakes in the Kachi Lithium Brine Project in Catamarca province. The Company's Board and Management look forward to updating shareholders as such results become available.
The Company is also pleased to confirm its new corporate identity which better reflect the operations and commodity focus of Lake Resources. LKE has also launched a new website which provides a source of useful information and reference for investors.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/9668R6GZ
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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