- Lake Resources (LKE) has begun a definitive feasibility study (DFS) for the Kachi Lithium Brine Project in Argentina
- Engineering consultant Hatch has been appointed as lead consultant and Dr Nicholas Lindsay has been appointed Technical Director
- Completion of the DFS will mark the project as a sustainable and commercially successful producer of high-quality lithium
- In addition, a recent pre-feasibility study determined Kachi is able to produce and deliver sustainable, high-purity and low-impurity lithium carbonate
- At market close, shares in Lake are down 1.27 per cent and trading at 7.8 cents
Lake Resources (LKE) has begun a definitive feasibility study (DFS) for the Kachi Lithium Brine Project in Argentina.
The project is based on the Salarying de Carachi Pampa, which is part of the Endorheic Carachi Pampa Basin in northwestern Argentina.
It lies roughly 50 kilometres south of Antofagasta de la Sierra and 100 kilometres south of Livent’s Hombre Muerto brine operation.
Engineering consultant Hatch has been appointed as lead consultant and Dr Nicholas Lindsay has been appointed as Technical Director.
Dr Lindsay was a previous Non-Executive Director of Lake Resources and is experienced in undertaking feasibility studies in South America.
On April 30, Lake completed a pre-feasibility study (PFS) into the technical and economic viability of Kachi.
The study determined that the project is able to produce and deliver sustainable, high purity and low impurity lithium carbonate to battery makers.
Completion of the DFS will mark the project as a sustainable and commercially successful producer of high-quality lithium.
“The formal commencement of the DFS is a key step for Lake to deliver the Kachi project into production with ESG credentials in demand as the transition to electric vehicles gathers pace,” Managing Director Steve Promnitz said.
“The bridging studies have been underway since the PFS and now the formal engagement of Hatch has occurred. Nick Lindsay’s assistance with the PFS was invaluable and will now be expanded upon in the DFS,” he added.
At market close, shares in Lake are down 1.27 per cent and trading at 7.8 cents in a $65.99 million market cap.