On 10 March 2020, Lake Resources NL (ASX: LKE) along with the technology partner Lilac Solutions confirmed that the 20,000 litres of brine samples have landed at Lilac’s direct extraction ion-exchange pilot plant module in Oakland, California from Lake’s Kachi Lithium Brine Project in Argentina.
LKE stock traded at A$0.037, up8.82% (AEDT: 03:50 PM) on 10 March 2020 with a market cap of A$21.27 million.
What Will Lilac's Direct Extraction Ion-Exchange Pilot Plant do?
Lilac's direct extraction ion-exchange technology will process the Kachi's brine to produce high-purity lithium chloride. The Lithium chloride will then be further converted to produce battery-grade lithium carbonate which is expected to start from April onwards.
Also, it is worth mentioning that the Lilac has already demonstrated Kachi's ability to produce high grade or battery-grade lithium carbonate at 99.9% purity. High purity product makes it top priority or very well suited for battery/cathode producers.
The high purity lithium carbonate samples produced in multiple kilograms is expected to be available for prospective off-takers by late March to the start the qualification process. Primarily, these samples will be utilised to attain the commissioning of Lilac’s pilot plant i.e. direct extraction ion-exchange module.
In the milieu of this, the Company has previously sent 5,000 litres to test the technology stability of the plant and to be sure of its functionality at the time of 20,000 litres of Kachi brine sample arrival.
Optimism Around Lake’s Kachi Project and Technology Partner Lilac
Kachi lab result demonstrated higher recovery in lesser time via Lilac’s technology, that has built enormous trust among the investors.
Kachi along with Lilac aims to deliver high quality and low impurity product, offering downstream battery makers a sustainable, scalable supply chain for raw materials. The Lilac technology is ecologically welcoming since it reinjects the brine into the aquifer post the lithium extraction on the contrary to the conventional method of evaporation ponds. The ability to transfer brine (without changing brine chemistry) to aquifer makes it cheaper, faster and more scalable than current technology.
To Know More About Kachi Project, Please Click: Kachi Project - Assessing Requisites for Lake Resources’ Future Production
Combining all characteristics may give the edge to the Lake to charge premium pricing on its product. Also, pre-feasibility study (PFS) of Kachi is almost about to complete, which is expecting to depict the production cost to fall in the lower quartile of the global cost curve.
Interested in Lake Financing Position? Please Click to Know More: Lake Upsized the Share Purchase Plan and Placement Post Strong Shareholder Demand
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