$69 postpage LB

Lake Resources Concludes Pre-Feasibility Study of its Kachi Lithium Brine Project

  • April 30, 2020 01:05 PM AEST
  • Team Kalkine

Lake Resources NL (ASX:LKE) has concluded a convincing and strong Pre-Feasibility Study into the technical and economic viability of Lake’s Kachi Lithium Brine Project, indicating the potential of the Project to deliver high purity product required by battery makers, based on a sustainable and scalable process.

The Company looks forward to additional engineering studies that shall be focused on reducing operating and capital costs for the project and delivering product samples from the pilot plant modules to potential off-takers.

Key PFS Metrics:

  • Project Life-25 years
  • Post-tax NPV8 of A$1,180m
  • Post- tax IRR of 22%
  • EBITDA Of A$245m in first full year of production
  • EBITDA margin of 62%
  • Capex estimate of US$544 million, Opex of US$4178/tonne Li2CO3.

LKE traded at A$0.039, up 2.63% (12:45 PM AEST).

Gold MTF non-AMP

 


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