Lake Resources NL
OTC:LLKKF
Lake Resources NL
Lake Resources NL is a lithium exploration company, which is focused on exploring lithium basins and pegmatites in Argentina. The company is headquartered in Sydney, New South Wales. The company went IPO on 2001-08-29. The Company’s projects include Kachi Project, Cauchari Project, Olaroz Project, Paso Project and Catamarca Pegmatite project. The Kachi Project is located in Argentina’s Catamarca Province at the southern end of the Lithium Triangle and consists of an area of approximately 705 square kilometers (km). The Cauchari Project consists of an area of approximately 480 square km in Argentina’s Jujuy Province. The Olaroz Project is located in Argentina’s Jujuy Province, approximately 15 km north-east of Orocobre’s lithium production facility. The Paso Project is located in Argentina’s Jujuy Province, approximately 30 km west of Orocbre’s lithium production facility. The Catamarca Pegmatite project is located in Argentina’s Catamarca Province and covers an area of approximately 720 square km.
Lake Resources NL is a lithium exploration company, which is focused on exploring lithium basins and pegmatites in Argentina. The company is headquartered in Sydney, New South Wales. The company went IPO on 2001-08-29. The Company’s projects include Kachi Project, Cauchari Project, Olaroz Project, Paso Project and Catamarca Pegmatite project. The Kachi Project is located in Argentina’s Catamarca Province at the southern end of the Lithium Triangle and consists of an area of approximately 705 square kilometers (km). The Cauchari Project consists of an area of approximately 480 square km in Argentina’s Jujuy Province. The Olaroz Project is located in Argentina’s Jujuy Province, approximately 15 km north-east of Orocobre’s lithium production facility. The Paso Project is located in Argentina’s Jujuy Province, approximately 30 km west of Orocbre’s lithium production facility. The Catamarca Pegmatite project is located in Argentina’s Catamarca Province and covers an area of approximately 720 square km.
Project Progress: Lake Resources reported strong progress on drilling, extraction, and reinjection testing at its Kachi lithium project, achieving key milestones since June.
DFS On Track: The Definitive Feasibility Study (DFS) and Environmental Impact Assessment (EIA) remain on schedule for completion by December, with no delays reported.
Resource Expansion: Drilling results showed expanded lithium-bearing brine zones and higher grades, including a 20% increase in reinjection test grades compared to exploration.
Power Solution Advancements: The company moved closer to finalizing a 60 MW power solution, evaluating both grid and solar options, and began commercial engagement with power providers.
Lilac Technology Confidence: Management expressed high confidence in the scalability and commercial viability of Lilac’s DLE technology, citing exceptionally clean product samples.
Funding Position: Lake has about $60 million cash (as of June 30) with a $5 million monthly burn, providing around 12 months of runway. Project financing from ECAs and offtakers is expected to progress after the DFS is published.
Market Outlook: Management expects a strong long-term lithium market, citing growing demand and supply constraints, supporting positive project economics even at higher capex.
