The Kachi Project is located in Argentina’s Catamarca Province at the southern end of the Lithium Triangle, a world-renowned province responsible for close to half of global lithium production.
Lake’s 100% owned Kachi Lithium Brine Project is located within 100km south of FMC’s Fenix operation, which has been in production for over 20 years. Kachi comprises 690 sq km of leases and lease applications over a brine-bearing basin 20km long, 15km wide, and 400-800m deep centred.
In November 2018, Lake announced a maiden JORC resource at Kachi of 4.4 million tonnes (Mt) of contained lithium carbonate equivalent (LCE), and an exploration target ranging between 8-17Mt of LCE. This ranks Kachi as one of the world’s top 10 brine resources.
Kachi is the lowest point of a large drainage area covering 6800 sq km. An initial 15 exploratory drill holes, spaced widely across the licence area over 11km, intercepted multiple horizons of lithium bearing brine sediments and yielded up to 326mg/l Li with a low magnesium ratio of around 4.3. These strong top end grades confirm Kachi as an economic project with significant exploration potential.
In May 2019, Lake initiated design and engineering works for a planned pilot plant based on US partner Lilac Solutions’ direct extraction production technology. The pilot plant will test the potential for rapid, low-cost production with high recoveries and minimal environmental impact.