Projects

KACHI

Lake Resources announced on 19 December 2023 the results of its Definitive Feasibility Study (DFS) for Phase One of the globally significant Kachi lithium brine project in Argentina.

Lake Resources announced on 19 December 2023 the results of its Definitive Feasibility Study (DFS) for Phase One of the globally significant Kachi lithium brine project in Argentina.

The Kachi Project Phase One DFS demonstrates that Kachi is a top tier project, backed by a significant resource and strong economics positioning it competitively within the growing lithium market.

This Phase One DFS marks the next important milestone in the development of the Kachi Project, building on the field, test and engineering work performed over the past two years and represents a credible, de-risked execution plan to support delivery of the project.

PROJECT AND RESOURCE HIGHLIGHTS

• Total resource is estimated at 10.6 Mt LCE4, a globally significant resource.
• 25-year mine life supported by maiden Ore Reserve statement.
• Phase One targets production of 25 thousand tonnes per annum (ktpa) over the LoM to meet the growing demand and specifications of the battery market.
• DLE process tailored to mitigate impact on the local community with minimal disruption to land, freshwater table, and water usage.
• The project targets production of consistent battery grade lithium carbonate (>99.5% purity) at site without the need for further refining or processing.
• Kachi is targeting first lithium in 2027 with ramp-up to full capacity by the end of 2028, which is forecast to coincide with the start of a prolonged period of structural deficit for battery grade lithium chemicals.
• Long-term pricing forecasts used in the DFS are reflective of the forecasted lithium supply deficit.