Lake Resources is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina.
The projects are in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.
Lake has the largest lithium lease holding in Argentina. Our four projects encompass 2,200 sq km and are 100% owned and operated by the company.
Our portfolio offers exposure to both brines and pegamatites and is located in close proximity to some of the world’s leading lithium producers/developers, including Ganfeng Lithium/Lithium Americas, Orocobre and Livent.
Lithium Brine Projects:
- Cauchari Project (40 sq km), Jujuy Province
- Olaroz Project (140 sq km), Jujuy Province
- Paso Project (300 sq km), Jujuy Province
- Kachi Project (705 sq km), Catamarca Province
Lithium Pegmatite Project:
- Catamarca Project (900 sq km), Catamarca Province.
In November 2018, Lake announced a maiden JORC resource at its Kachi Project of 4.4 million tonnes (Mt) of contained lithium carbonate equivalent (LCE), and an exploration target ranging between 8-17Mt of LCE. This ranked Kachi as one of the world’s top 10 brine resources.
In April 2020, Lake announced compelling pre-feasibility study (PFS) results for Kachi, showing its potential to become a long life, low cost operation with an annual production target of 25,500 tonnes of battery grade lithium carbonate using direct extraction technology. The results showed a high margin project, with an EBITDA margin of 62%, together with competitive capital and operating costs.
Lake’s Cauchari project was drilled for the first time in 2019 and recovered high grade brines with excellent lithium values up to 538 mg/L. The project is neighboured by Ganfeng/Lithium America’s Cauchari Project, which holds the world’s largest defined lithium brine resource (23Mt LCE) and has an annual production target of 40,000 tonnes.
The company’s pegmatite lithium project is still at an early exploration stage with field-based XRF analysis planned to identify potential targets for trenching and auger sampling.