Lake Resources ramping up activities at Kachi Lithium Brine Project to feed into DFS

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is ramping up project development activities at its Kachi Lithium Brine Project in Argentina with shallow drill testing to commence shortly. The company’s ambition is to sustainably produce the cleanest quality lithium carbonate at scale for use in the fast-growing battery market and this works program will assist in this regard. Geotechnical study underway A geotechnical study of the site where the direct lithium extraction pilot plant/ demonstration plant will be located is underway following COVID-19 protocols. The study will be conducted by local qualified consultants from Catamarca and the data will feed into the definitive feasibility study (DFS). Shallow drill testing will commence shortly as part of this study. With interpreted geophysical results, shallow water wells of up to 60 metres in depth will be drilled for the DFS. Drill contracts for both geotechnical and water drilling are being finalised for mobilisation to site. Lake Resources is well funded A geophysical program that has been underway for nearly two months is almost complete 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 Resources is well-financed and these activities, while important, are not major expenditure items. Updates on other activities with samples in the USA will be provided soon and the company confirms that the program with Hazen is ongoing and advancing to plan and timelines. The focus is to produce and deliver bulk samples of similar quality and purity to Novonix for further testing and analysis for third parties.