Lake Resources ramps up development activities at Argentine lithium project

ASX-listed Lake Resources has announced that it has initiated several project development activities at its Kachi Lithium Brine Project in the Southern end of Latin America’s ‘Lithium triangle’.

The company has begun a geotechnical study at its flagship project, located in Argentina’s Catamarca Province, and will soon commence shallow drill testing closely following COVID-19 safety protocols.

The geotechnical study will be conducted by local qualified consultants from Catamarca and the data will feed into the definitive feasibility study (DFS) for the project, which contains a maiden JORC resource of 4.4 million tonnes of contained lithium carbonate equivalent (LCE).

Lake’s aim is to produce a sustainable, high quality lithium carbonate product for use in the fast-growing battery/electric vehicle (EV) market. The Kachi project will also benefit from direct and clean extraction technology provided by Lake’s partner Lilac Solutions.

A geophysical programme that has been underway for nearly two months is also nearing completion and will assist in the positioning of brine test holes. The final three lines of data of passive seismic geophysics are being collected and analysed to improve data quality.

Lake also confirmed that its lithium carbonate testing and sampling programme is progressing to plan, with its US-based partner Hazen Research in the final stages of producing samples from Kachi brine.

The next focus will be to produce and deliver bulk samples of similar quality and purity to ASX-listed battery maker Novonix for further testing and analysis.

@RGNonline