Lake’s Cauchari 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 100% owned Lake project covers around 480 sq km in Argentina’s Jujuy Province.
Our Cauchari licences are contiguous to known lithium bearing brine deposits belonging to SQM, Lithium Americas, Advantage Lithium and the producing assets of Orocobre.
The project was drilled for the first time in 2019. High fluid flows of conductive brines under pressure were intercepted and sampled at a depth of 261m, with high conductivities of 284 mS/cm and density readings of 1.200 g/cm3.
These results echo similar lithium brine horizons in the upper sections of drillholes reported from the adjoining pre-production area of Ganfeng/Lithium Americas and Advantage Lithium/Orocobre’s joint venture.
In August 2019, Lake announced final results from drilling confirming a significant high-grade lithium discovery at Cauchari, with the higher grades averaging 493 mg/L lithium over 343m, with the highest results of 540 mg/L lithium.
Lake is drilling in the same basin as the world-class neighbouring project and is confident of advancing Cauchari with further drilling.