Lithium exploration and development company, Lake Resources NL (ASX:LKE) has announced fresh research by a leading Hong Kong-based analyst that indicates the potential value of its Kachi Lithium Brine Project highlighting the Project’s significant and sustainable competitive advantages. The report further highlights the ability of the Project to produce 99.9% lithium carbonate battery-grade product with low impurities and the growing global demand for lithium as EV penetration increases.
The recent investments announced by Europe in battery minerals, China’s extended state subsidies and tax breaks for New Energy Vehicles, and South Korea’s US$110 billion New Green Deal highlight the importance of new projects capable of producing a battery-grade product.
Presently, LKE has deepened its discussions with downstream participants as well as financers and is also processing lithium brine samples from Kachi at Lilac Solutions’ direct extraction pilot plant.
Post significant update, LKE soared by 11.4%, trading at $0.039 (12:18 PM AEST).
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