Lake Resources

Primary ticker: ASX:LKE, OTC:LLKKF
Stage of development: Exploration, Development
Primary mineral: Lithium
Project to promote: Kachi Project
Project location: Argentina
Website: lakeresources.com.au

Lake Resources NL (ASX:LKE, OTC: LLKKF) is a responsible 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 Argentina’s Lithium Triangle. This ion exchange extraction technology delivers high purity battery materials able to avoid performance issues and more sustainable, responsibly-sourced materials with a low carbon footprint and significant ESG benefits. Lake is targeting completion of a definitive feasibility study by December 2023. Adjusted timing on the DFS, consistent with an increasing resource base and the outcomes of project reassessment, allows for greater project definition, optimal power solution and infrastructure considerations.

Major Shareholders:

Citicorp Nominees – 11.47%

HSBC Custody Nominees (Australia) Limited – 4.55%

BNP Paribas Noms Pty Ltd (DRP) – 3.77%

Merrill Lynch (Australia) Nominees Pty Ltd – 3.36%

Acuity Capital – 2.98%

Financials

Management Profile

David Dickson – Managing Director and CEO

David is an industry leader with over 30 years’ experience in process technology, engineering, construction and EPC cost management, across the energy sector. He has a proven track record in delivering multi-billion dollar resource projects.

He previously served as a Senior Advisor to private equity firm, Quantum Energy Partners, the leading global provider of private capital to the responsibly sourced energy and energy transition and decarbonisation sectors, together with serving as an Executive Strategic Advisor to strategic investment firm, The Chatterjee Group. David was appointed Managing Director and CEO of Lake Resources in September 2022.

What recent news would you like to highlight to investors attending?

23/08/2023 Important progress towards Kachi DFS completion

22/08/2023 Further drilling at flagship Kachi Project

16/08/2023 Update – Successful extraction and injection tests at Kachi

15/08/2023 Successful extraction and injection tests at Kachi

03/07/2023 Lake Resources announces appointment of Chief Accounting Officer

19/06/2023 Investor operational update

19/06/2023 Two phase development to targeted production of 50Ktpa battery grade lithium carbonate

What are your key goals for the next 3, 6 and 12 months?

6 Months:

Reservoir:

– Completion of DFS Field Test Work (end of pumping)

-Complete Groundwater Model

Lithium Carbonate Demo Plant

– Completion of demo plant test work

EPCM

– Select FEED / EPCM Contract Partner

Bankable DFS

– DFS for Phase 1 Complete

Power

– Power solution selected

Funding

– Data room open for ECA backed Debt project stakeholders

Offtake

– Commence negotiations on binding Offtake agreements

EIA