Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

Lake Resources NLMaiden Ore Reserve Defined at Flagship Kachi Project

by December 20, 2023
December 20, 2023
Lake Resources NLMaiden Ore Reserve Defined at Flagship Kachi Project
Sydney, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce its maiden Ore Reserve statement for the Kachi lithium brine project (‘Kachi’ or the ‘Project’) in Argentina.

The basis for this Ore Reserve statement is hydrogeologic modelling completed for the Project that incorporates the recent Mineral Resource Estimate and extensive hydrogeological characterisation work completed in 2022 and 2023 including extraction and injection testing.

This Ore Reserve is the basis for the Kachi Project Phase One Definitive Feasibility Study (‘DFS’), which was released today. The Ore Reserve demonstrates that the mine plan is capable of delivering sufficient lithium brine to the plant for a planned 25 ktpa operation over the Life of Mine (‘LoM’).

Ore Reserve demonstrates mine plan capable of delivering sufficient lithium brine for planned 25 ktpa operation:

– Mine plan includes 16 production wells and 21 injection wells with average grades and flow rates that exceed production requirements for a 25 ktpa operation for a 25-year LoM.

– Ore Reserve is constrained by currently planned plant capacity of 25,228 tpa, not pumping and injection capacities.

– Kachi well field layout optimized using the Hydrogeologic Model to maximize lithium grade recovered, maximize Proved Ore Reserve and minimize environmental impacts.

– Average lithium feed grade to the plant for the first seven years of operations is 257 mg/L, averages 245 mg/L in years eight to 25 and reduces to 232 mg/L by year 25.

– More than 85% of the 25-year Life-of-Mine (‘LoM’) production is derived from Measured Resources with the remained predicted to be sourced for Indicated Resources.

‘We are excited to share the well field development plan and hydrogeologic modeling results for the Project. The modeling demonstrates that the feed grade will average above 245 mg/L with minimal dilution and that the operation can be developed in an environmentally responsible manner,’ Michael Gabora, Director of Geology and Hydrogeology said. He continued, ‘The Ore Reserve for the 25 ktpa operation extracts just a small percentage of the Mineral Resource Estimate.’

*To view the full report, please visit:
https://abnnewswire.net/lnk/7ILJA3V7

About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

Source:
Lake Resources NL

Contact:
Nigel Kassulke at Teneo
M: +61-407-904-874
E: Nigel.Kassulke@teneo.com

Global:
Karen Greene
SVP, Investor Relations
karen.greene@lakeresources.com.au

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
North Shore Uranium Provides Falcon Property Exploration Update; Drilling Planned In Q1 2024
next post
Gareth Soloway: Gold, Silver, Bitcoin and More — Price Predictions for 2024

Related Posts

Redstone Resources

January 3, 2024

Next Generation DLE Provider Electralith Produces 99.9% Pure...

May 7, 2024

Fortune Minerals Announces Arrival of Samples at SGS...

April 9, 2024

Crypto Market Recap: CFTC to Hold Crypto Industry...

February 10, 2025

Trident Royalties PLC Announces Portfolio Update: First Gold...

May 24, 2024

Brunswick Exploration Intersects Significant Spodumene Mineralization in Dyke...

December 6, 2023

5 Top Weekly TSXV Stocks: Goldbank Mining Registers...

January 8, 2024

Top 5 Copper Stocks on the TSX in...

May 1, 2024

Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack,...

February 25, 2025

Cannabis Round-Up: Poll Shows Rescheduling Would Boost Biden...

January 22, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      ‘This is a life-changing event’: Floridians start an arduous recovery as Idalia keeps thrashing North Carolina

      September 1, 2023
    • 2

      Letter from the CEO: Unlocking the True Value of Electric Royalties Ltd

      March 26, 2025
    • 3

      Waymo offers teen accounts for driverless rides

      July 9, 2025
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Strong Leach Recoveries and Low Impurities

      July 9, 2025
    • 6

      Tesla asks shareholders to vote again on Musk’s $56 billion payout

      April 18, 2024
    • 7

      Eruption of Indonesia’s Mount Lewotobi Laki Laki volcano sends ash 11 miles high

      July 7, 2025

    Categories

    • Business (1,092)
    • Investing (2,144)
    • Politics (2,979)
    • Uncategorized (20)
    • World (3,421)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved