Clean lithium developer Lake Resources NL (ASX:LKE) (LK1.F) (OTCMKTS:LLKKF) has advanced debt funding options for its flagship Kachi Lithium Project, with preliminary interest from over half a dozen major international banks to participate in ECA-led project debt finance, subject to Export Credit Agency (ECA) support.
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.
Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is a clean lithium developer utilising direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina.
Lake Resources NL (ASX:LKE) Positive Novonix Battery Results with Lake High Purity Lithium
Positive Novonix Battery Results with Lake High Purity LithiumBrisbane, Mar 2, 2021 AEST (ABN Newswire) - Clean lithium developer Lake Resources NL (
Novonix Limited (
OTCMKTS:NVNXF) received commercial samples of NMC622-hydroxide precursor from Tier 1 producers, together with samples of Lake s high 99.97% purity lithium carbonate, to conduct a real-world direct comparison of Lake s product into NMC622 batteries and its suitability for the nickel cathode sector.
Lake s high-quality product yielded improved capacity retention and better electrochemical behaviour in coin cells compared to the commercially available product from Tier 1 producers.