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Lake Resources (ASX:LKE) - Managing Director, Stephen Promnitz
Managing Director, Stephen Promnitz
Source: The Market Herald
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  • Lake Resources (LKE) is progressing well with lithium brine testing at its Kachi Lithium Brine Project in Argentina
  • The lithium explorer sent off 20,000 litres of brine to its technology partner Lilac Solutions’ pilot plant in California
  • Here, the samples are being processed to produce high-purity lithium chloride
  • Then, the lithium chloride will be converted to battery-grade lithium carbonate for potential offtake partners
  • Lake expects a pre-feasibility study will be completed next month which will indicate production costs and profitability
  • Lake Resources is up 3.23 per cent and shares are trading for 3.2 cents each

Lake Resources (LKE) has been focusing on advancing testing of lithium brine samples from its Kachi Lithium Brine Project.

The lithium explorer and producer is using its U.S. technology partner Lilac Solutions’ direct extraction ion exchange pilot plant in California.

On March 10, Lake confirmed the arrival of 20,000 litres of brine from its Kachi Project in Argentina to Lilac’s pilot plant.

The brine samples have been used to complete the commissioning of Lilac’s pilot-scale ion-exchange module. Lilac will then process the Kachi brine to produce high-purity lithium chloride. The plan is to convert this to battery-grade lithium carbonate for potential offtake partners.

Lilac has already proven its ability to produce battery-grade lithium carbonate with 99.9 per cent purity, which is a high priority for battery cathode producers capable of attracting premium pricing.

“Given the well-known billionaire backing of funds supporting Lake’s technology partner, Lilac, we are well underway to demonstrate high purity battery-grade lithium carbonate coming from the direct extraction process, which is what battery makers are seeking,” Lake Resources’ Managing Director Steve Promnitz said.

A pre-feasibility study (PFS) for the Kachi Project is expected to be completed in April and will likely show production costs in the lower part of the global cost curve.

Lake Resources is up 3.23 per cent and shares are trading for 3.2 cents each at 1:25 pm AEDT.

LKE by the numbers
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