Quarterly Activities Report
Brisbane, Jan 31, 2018 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) provides the Company's Quarterly Activities and Cashflow Report for the period ending 31 December, 2017.
HIGHLIGHTS
- Initial drilling at the Kachi Lithium Brine Project in Catamarca has intersected conductive brines in porous sandy horizons.
- Kachi Lithium Brine Project covers ~52,000Ha consolidated mining leases over previously undrilled salt lake.
- Results delayed due to slow drilling progress - another rig contracted for additional capacity.
- Focus in current Quarter on expanding drilling at Kachi Lithium Brine Project with assay results to be reported.
- Lease approval discussions advanced to access the Olaroz/Cauchari and Paso Projects in Jujuy province adjacent to Orocobre and SQM/Lithium Americas.
- Four prime lithium projects - 3 brine projects and 1 hard rock project in Argentina - with one of the largest lithium lease holdings in Argentina of 170,000 Ha, including areas under option.
- Lake completed a A$1.6m debt security facility to provide additional funding for a drill program without equity dilution.
Lake Resources NL is an exploration and development company with one of the largest lithium lease holdings in Argentina of 170,000 Ha, including areas under option with four prime lithium projects, 3 brine projects and 1 hard rock project in Argentina. Each project is capable of being a 'company maker'.
These include the Kachi Lithium Brine Project which covers ~52,000Ha consolidated mining leases over a previously undrilled salt lake; the Olaroz/Cauchari and Paso Projects in Jujuy province adjacent to Orocobre and SQM/Lithium Americas; and Catamarca Pegmatite Lithium Project (~72,000 Ha), under option, with large pegmatite swarms over 150km of strike.
To view the full report, please visit:
http://abnnewswire.net/lnk/3392J7GA
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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