On Monday 20 June Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) informed the ASX that Lake was establishing a North American presence to serve its off-take customers, to continue to work with its US-based technology partner Lilac Solutions, and capital markets.
Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) advises that as part of the transition to serve critical North American and Asian supply chains Chairman Stu Crow will be appointed executive chairman to oversee the transition for a period of six months.
Lake Resources (ASX:LKE) signs a non-binding memorandum of understanding (MoU) with Ford Motor Company to negotiate an agreement for lithium offtake from the Kachi project in Argentina.
Lake Resources NL (ASX:LKE) Drilling at Kachi as DFS Funded
Drilling at Kachi as DFS FundedBrisbane, Jan 19, 2021 AEST (ABN Newswire) - Clean lithium developer Lake Resources NL (
Kachi DFS Activities
Geophysical studies have assisted the planning of the shallow wells (up to 60 metres deep). These will be followed by further geotechnical studies, in addition to recent works conducted on proposed sites for Lilac s direct lithium extraction demonstration plant and for the future production plant. All works are following COVID-19 protocols to ensure the health and safety of staff.
An additional 20,000 litres of Kachi brines will be extracted and shipped for further processing at Lilac s pilot module in California. This data is a key part of the DFS, which formally commenced earlier this month (refer ASX release 8 January 2021).