Lake Resources

Website: www.lakeresources.com.au
Primary ticker: ASX:LKE
Stage of development: Development
Primary minerals: Lithium
Project to promote:
Kachi

Live financials

Lake Resources NL (ASX:LKE) – a lithium development / exploration company developing 3 lithium brine projects & 1 hard rock lithium project in Argentina in prime locations alongside the majors. Lake has one of largest lithium lease holdings covering c.180,000 hectares, owned 100%, providing the scale and optionality demanded by lithium battery makers.
Two flagship projects: Kachi Lithium Brine Project – control large lithium salt lake in close proximity to Albemarle and FMC; Initial resource in late October with pre-feasibility study to follow; develop with new extraction method and conventional.
Olaroz-Cauchari Lithium Brine Projects adjoin Orocobre’s lithium production and Gangfeng/ Lithium Americas development project; Drilling initiated in same brine hozions as extensions to world class resources

Management Profile

Steve Promnitz, Managing Director

Steve Promnitz has 25 years experience in project generation, management,development and project finance in South America and Asia across multi commodity projects.

 


Stu Crow, Non Executive Chairman

Stu has over 33 years financial market experience and has over ten years of varied public company board experience in Africa, Australia and South America.


What is your rationale for attending 121 Mining Investment?

Lake Resources is seeking cornerstone investors and development partners as well as potential off take partners as their lithium projects advance.

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

Initial resource of 4.4my LCE at Kachi Project, PFS now underway and drilling at highly prospective Cauchari/ Olaroz projects underway.

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

3 Months:

Drill both Cauchari and Olaroz projects to demonstrate an additional large resource to compliment the Kachi Project. Advance our PFS at Kachi

6 Months:

Have a pilot plant for direct extraction on site at Kachi project, identify a development partner, possible initial resource number for Cauchari.

12 Months:

Pilot plant operating at Kachi, Initial resource at Cauchari and Olaroz projects alongside LAC, AAL, ML and ORE

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Ensuring we have the right partner to fast track development of our projects to feed into the lithium supply chain.

What do you think makes your company such a compelling investment?

We are currently trading at a significant discount to three different analysts valuation on our projects from North America, UK and Australia. There are only three other companies with assets of scale that are currently “not dealt” to end users, Lake Resources is a stand out with four potential large scale projects in various stages of development.