2018 AGM Presentation
Brisbane, Nov 13, 2018 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) (LK1:FRA) is pleased to present the 2018 AGM Presentation with investment highlights.
- Lithium exploration/development in Argentina
- 3 lithium brine & 1 hard rock lithium project
- One of Largest Lease Holdings of Lithium ~ 200,000 Ha, provides scale, optionality
Two Flagship Projects:
Kachi - Large Exploration Target
- 1st resource due in weeks - PFS to follow - Development optionality
- Large basin 20km x 15km x 400-800m deep - Leases cover entire brine basin 69,000 Ha 100% owned
- In southern extension of brine producing area, 80km south of FMC (20 years production)
- New direct extraction method partnership - Reduction in time to production & lower operating costs
Olaroz — Cauchari
- Adjoins Orocobre/Advantage Lithium, Ganfeng/Lithium Americas
- Extensions of world class lithium brine resources - Grade, scale - Next to Production / Development
- Drilling underway 450m from major resources; pegged leases 2.5 years ago; results in weeks
Pegmatites - 80,000 Ha
- New modern targets in past producing pegmatite belt in Catamarca
Major Transactions in Area - Cauchari - Next to major acquisition $237M at Cauchari (Gangfeng Aug'18) = 6x LKE market value
- Kachi - South of Galaxy sale of resource - US$280M (POSCO June'18)
Undervalued vs Peers:
- Comparisons with other lithium companies in Argentina - shows deep value in LKE
- Neighbours market value between $1.1 Bn to $3+Bn; Recent research $0.44 price target
To view the presentation, please visit:
http://abnnewswire.net/lnk/2A91G51W
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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