The project is located in Catamarca Province, approximately 100km south of FMC’s Hombre Muertoproducing lithium brine operation.
Lake’s Olaroz Project shares a boundary with leases held by Orocobre, an ASX company operating the world’s first commercial, brine-based lithium operation constructed in 20 years.
Lake’s Cauchari Project was drilled for the first time in 2019. The project is adjacent to Ganfeng/Lithium America’s Cauchari project, which holds the world’s largest defined lithium brine resource (23 Mt LCE) and has an annual production target of 40,000 tonnes.
The company’s Catamarca pegmatite lithium project is still at an early exploration stage with field-based XRF analysis planned to identify potential targets for trenching and auger sampling.
Our projects are side-by-side with the heavyweights in the Lithium Triangle which holds more than 50% of the world’s lithium resources.
LAKE RESOURCES (ASX:LKE)
| Total Current Shares on Issue | 523,557,483 |
| Listed Options (10c) June 2021 expiry | 51,512,693 |
| Unlisted Options (5c) October 2019 expiry | 5,052,083 |
| Unlisted Options (8c) February 2022 expiry | 5,555,000 |
| Notes – Unsecured August 2020 expiry ($0.41m remaining from original $1.65m) | 410,000 |
15 September 2020 HAZEN WELL-ADVANCED PRODUCING BATTERY QUALITY LITHIUM CARBONATE • Independent assay laboratory, Hazen, expected to produce initial larger samples of battery-quality lithium carbonate within 15-18 days • Hazen is conducting a thorough analysis to optimize the process for a superior product and is in the bulk precipitation phase at present • Significant step towards independent verification of quality of Lake’s responsibly sourced, high-purity lithium, amid growing demand Clean lithium developer Lake Resources NL (ASX:LKE; OTC:LLKKF) announced today further progress towards the development of sustainable, high-purity lithium, following confirmation that Hazen Research Inc (Hazen), an independent assay laboratory, is well advanced in producing initial larger samples of battery quality lithium carbonate. Initial samples are anticipated within 15-18 days, with more samples to follow progressively as brines are delivered and processed, according to the Colorado-based company. Hazen is conducting a thorough analysis to optimize the process for a superior product. The outcome will be beneficial as treatment is commenced of the larger samples in the near future. Hazen is in the bulk precipitation phase, one of the final stages of producing initial larger lithium carbonate samples from the concentrated lithium chloride produced from Lilac’s lithium extraction pilot plant module in California, using brines from Lake’s Kachi Lithium Brine Project. Photos of some of the equipment used are attached (Figure 1). The first larger samples will be despatched to Novonix Battery Technology Solutions, a Nova Scotia-based independent testing and development laboratory used by recognised battery makers, to produce NMC622- based lithium-ion battery test cells using Lake’s battery quality lithium carbonate. Under the agreement with Novonix Limited (ASX:NVX), lithium carbonate samples provided by Lake will be used together with commercial battery cathode precursor materials to form an NMC622 cathode and battery (refer ASX announcement 27 August 2020). Novonix is currently developing ‘million mile’ battery technologies with revolutionary anode and cathode materials. Lake has attracted growing international interest in its efforts to advance direct extraction technology, including an invitation-only presentation to leading German industry officials, together with the recent presentation to the ASX Small and Mid-Cap Conference 2020.
CEO David Snydacker on Lilac Solutions' Lithium Extraction Technology
"This is just water treatment" - LKE's innovative direct extraction technology 03.2020
Novonix Limited (ASX:NVX),
Novonix Ltd with Proactive at the ASX Small and Mid-Cap Conference 2020