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Lake Resources NL (ASX:LKE) Kachi PFS Refreshed with US$1.6Bn Value      Kachi PFS refreshed with US$1.6Bn valueBrisbane, Mar 17, 2021 AEST (ABN Newswire) - Clean lithium developer Lake Resources NL ( OTCMKTS:LLKKF) has refreshed the Company s flagship Kachi Lithium Brine Project Pre-Feasibility Study (PFS) based on revised lithium price estimates which has increased the project value NPV8 to US$1.6 billion (A$2.1 billion). Lake is assessing a potential expansion to production of lithium carbonate equivalent (LCE) from Kachi. The Kachi Lithium Brine Project Pre-Feasibility Study (PFS) (refer ASX announcement 30 April 2020) of 25,500 tpa of lithium carbonate was refreshed with an updated lithium price forecast of US$15,500/tonne for high purity battery grade lithium carbonate (CIF Asia), without changing other parameters. This demonstrates a more robust financial outcome than the original conservative PFS price assumptions.

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