Quarterly Activities Report Q1/2017
Brisbane, April 28, 2017 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) are pleased to provide the Company's latest Quarterly Report for the period ending 31 March 2017.
HIGHLIGHTS
- Exploration programme advanced over lithium lease applications in Argentina.
- Drilling on Kachi Lithium Brine Project in Catamarca will be next key step.
- Lithium lease holdings significantly expanded to ~170,000 Ha in Argentina, , including areas under option.
- Lake expanded size and optionality for investors with one of the largest listed lithium lease holdings in the sector.
- Major Pegmatite Lithium Project (~72,000 Ha) secured under option in Catamarca over newly recognised 150km belt of pegmatites at low altitude accessible year round.
- Positive results from surface sampling programme up to 322ppm Lithium at Kachi Lithium Brine Project.
- Leases expanded and consolidated at Kachi Project to ~50,000Ha prior to drilling.
- Virtually all mining leases approved for exploration at Kachi Project.
- Leases expanded over prime lithium brine bearing basins (~100,000 Ha) in 3 areas over in NW Argentina among largest players in lithium sector.
- Capital raising completed Feb 2017 to fund planned initial exploration programme in Argentina in 2017.
- Outlook - Focus in June Quarter on drilling, geophysics and initial drill results from the Kachi Lithium Brine Project
- Outlook - Advance leases over Olaroz/Cauchari and complete initial sampling/assessment of the Catamarca Lithium Pegmatites Project
To view the full Quarterly Report, please visit:
http://abnnewswire.net/lnk/JJYN3748
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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