Lake Resources (ASX:LKE) - Managing Director, Stephen Promnitz
Managing Director, Stephen Promnitz
Source: Investor Stream
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Lithium explorer and developer, Lake Resources (LKE) has sent a further 20,000 litres of brine samples to the pilot plant in California
  • The company has collected more brine samples from its wells across its Lake Kachi Project and sent them to the Lilac Solutions’ pilot plant in California
  • This takes the total of Kachi brines to be processed at Lilac’s facility to 40,000 litres
  • Processing of the first 20,000 litres is still ongoing, as it has been a bit slower due to COVID-19 guidelines
  • Lake Resources is up 2.86 per cent on the market today, selling shares at 3.6¢ each

Lithium explorer and developer, Lake Resources (LKE) has sent a further 20,000 litres of brine samples to the pilot plant in California.

The company has collected more brine samples from its wells across its Lake Kachi Project and sent them to the Lilac Solutions’ pilot plant in California.

This takes the total of Kachi brines to be processed at Lilac’s facility to 40,000 litres and ensures the company can keep up with the sample sizes to meet the growing demand from potential off-takers.

These samples will turn into larger battery-grade lithium carbonate samples with 99.9 per cent purity.

Processing of the first 20,000 litres is still ongoing, as it has been a bit slower due to COVID-19 guidelines. However, the operations are considered essential and work can continue.

Managing Director Steve Promnitz said Lake Resources continue to be focused on delivering samples of battery-grade lithium carbonate, despite COVID-19 delays.

“We hope to be able to report results from the processing of the first 20,000 litres soon and we are encouraged by the fact that this work is ongoing at Lilac, albeit more slowly,” he said.

“The additional 20,000 litres that we now transporting to site and then testing will further validate that this technology works well and we can deliver high purity lithium carbonate from the Kachi brines,” he added.

Lake Resources is up 2.86 per cent on the market today, selling shares at 3.6¢ each at 2 pm AEST.

LKE by the numbers
More From The Market Online
The Market Online Video

Termites show Haranga the way to 8th uranium anomaly at Senegal’s Saraya

Haranga Resources finds 8th uranium anomaly at Senegal's Saraya through termite mound sampling, and is hoping…

Patriot sniffs pegmatite grades of 3.58% among the snows of Quebec

A new high-grade zone of lithium within one pegmatite – with grades measuring up to 3.58 percent – has provided
The Market Online Video

Infini Resources gearing up for UAV geophys survey over Portland Creek

Infini Resources has announced its execution of an application for UAV-based geophysical surveys over its Portland…
AVL

Post-merger MRE for Aus Vanadium boosts flagship project up 39%

Australian Vanadium Ltd (ASX:VDL) has reported an updated JORC mineral resource estimate (MRE) for its flagship…