LKE Quarterly Activities Report Q2/2017
Brisbane, July 31, 2017 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) provides the Company's Quarterly Activities Report for the period ending 30 June, 2017.
HIGHLIGHTS
- Exploration program continues over lithium mining leases in Argentina despite winter weather.
- Drilling to commence in the near term at Kachi Lithium Brine Project in Catamarca pending final approval.
- Lease approvals significantly advanced in the Olaroz/Cauchari and Paso Projects in Jujuy province adjacent to Orocobre and Lithium Americas/SQM.
- Planned initial drill program in Argentina in 2017 is fully funded.
- Lake holds one of the largest listed lithium lease holdings in Argentina of 170,000 Ha, including areas under option - 3 Brine Projects and 1 Hard rock.
- Kachi Lithium Brine Project covers ~50,000Ha consolidated mining leases over an undrilled salt lake near to Albermarle's Antofalla Project.
- Catamarca Pegmatite Lithium Project (~72,000 Ha), under option, shows large pegmatite swarms indicating new discovery potential at low altitudes.
- Focus in September Quarter on drilling at Kachi Lithium Brine Project; Results expected to be substantially higher than current positive surface results.
- Lake sufficiently funded to meet current exploration initiatives with ~$1.4m cash at bank and low quarterly burn.
To view the full report, please visit:
http://abnnewswire.net/lnk/XJ53GVV9
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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