Lake Resources Achieves Key Milestone in Kachi Project

In a significant development, clean lithium developer Lake Resources NL (ASX: LKE) has successfully completed extraction and injection tests at its flagship Kachi lithium brine Project in Catamarca Province, Argentina, propelling LKE shares to surge higher.

Source: Kapitales Research

The completion of the Stage 1 extraction and injection test campaign marks a crucial achievement, affirming the viability of Lake's high purity battery-grade lithium carbonate production at the Kachi Project. The tests validated favorable reservoir hydraulic properties, a pivotal step in optimizing the future wellfield.

Lake CEO David Dickson emphasized the significance of the milestone, stating, "The extraction and injection testing confirms highly favorable reservoir hydraulic properties and allows us to optimize the future wellfield. The tests represent a significant milestone for the Project, as they provide important data and higher confidence for our modeling, which is essential for the completion of our DFS for Phase 1."

The successful test campaign involved extracting and injecting a total of 33 million liters of brine into the reservoir. Brine chemistry samples displayed an improved lithium concentration, underscoring the project's potential for high-yield, production-scale extraction wells.

The positive results of these tests not only pave the way for the design of scaled-up production and injection wells but also enhance Lake's capability to meet the demand for sustainable lithium supply. As partners, offtakers, and buyers increasingly prioritize sustainable sources, Lake's successful test campaign positions the company at the forefront of meeting this critical need.

Lake Resources has consistently demonstrated its commitment to growth and innovation. The Kachi Project has experienced a series of mineral resource estimate upgrades, further underlining its potential. The successful completion of the extraction and injection tests bolsters Lake's position as a key player in the clean lithium sector.

With this milestone achieved, Lake Resources is now poised to proceed with the detailed wellfield and injection design in support of the DFS. The positive trajectory of Lake's Kachi Project reinforces its standing as a pioneering force in the lithium market and sets the stage for continued growth and innovation.

As Lake Resources continues to drive advancements in sustainable lithium production, investors and stakeholders are closely watching its journey, anticipating further positive developments that could reshape the clean energy landscape.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com