Lake Resources Concludes Commissioning at Lilac’s Pilot Plant Module, Stock Soars

  • Jun 25, 2020 AEST
  • Team Kalkine
Lake Resources Concludes Commissioning at Lilac’s Pilot Plant Module, Stock Soars

Summary

  • Lake Resources has sent total 40k litres of lithium brine samples for processing at Lilac Solution’s processing plant in California.
  • Lake and Lilac have completed the commissioning of direct lithium extraction pilot plant module in California.
  • 20k litres of brine samples are currently being processed at Lilac’s facility, while Lake plans to examine initial samples of lithium chloride in the coming week.

Lithium exploration and development company, Lake Resources NL (ASX:LKE) is engaged in the production of sustainable, high purity lithium suitable for battery makers. The company holds one of the largest lithium tenement packages in Argentina of approximately 200,000 Ha, which offers potential for the security of supply, and scalable as required.

Lake Resources has been actively engaged in the development of its flagship Kachi Lithium Brine Project along with three other lithium brine projects and a hard rock project in Argentina. All of these are 100%-owned by Lake with leases located in a prime location among major producers within the Lithium Triangle.  

Related: Kachi Brine Pilot Plant Testing Advanced at Lake’s Technology Partner, Lilac Solutions

Lake, in accordance with its technology partner Lilac Solutions Inc, has concluded the commissioning of its direct lithium extraction pilot plant module committed for the Kachi Lithium Brine Project.

Following the announcement, LKE stock zoomed up by 2.857% to $0.036 with a market capitalisation of $ 23.5 million on 25 June 2020.

Processing Underway for 20k Litres of Lithium Brine Samples

Lake mentioned that the processing is underway for 20k litres of brine at the newly upgraded industrial facility of Lilac located in California, USA. Initial 20k litres of Kachi brine samples were sent to Lilac’s plant in the month of March 2020 and the testing for samples begun subsequently.

Further, the targeted product from the direct extraction process i.e. initial samples of lithium chloride shall be examined in the coming week, which will then be transformed into lithium carbonate.

A total of 40,000 litres of brine samples have been sent to Lilac’s plant in California to make sure supply of requisite sample sizes is continuous to satisfy the increasing demand from prospective off-takers. LAKE looks forward to producing additional lithium chloride from the second shipment of 20K litres of Kachi brines.

More at: Lake Resources Sends Additional Kachi Lithium Brine Samples to Lilac’s Pilot Plant

 

Lake Proceeding Well Amidst COVID Crisis

Lilac resumed operations during first week of June after the loosening of COVID-19 restrictions and removal of curfews. Despite COVID related project delays, Lake looks forward to reporting the first sizeable high purity lithium carbonate samples soon.

The Pre-Feasibility Study at Kachi Project of Lake and recently published research has indicated sustainable, disruptive, cost-competitive and scalable features of the Lilac process. The same process will be employed at Kachi with its ability to produce a premium, battery-grade product desired by battery and cathode manufacturers globally.

Also Read: Lake Resources Zooms ~9% on ASX; New Research Reflects Kachi Project’s High Potential

Favourable Outlook

According to the EU Market Commissioner, indications have emerged for a full-scale electric vehicle revolution presently underway and the demand for up to 60 times more lithium by the year 2050 for Europe only. In addition to this, the largest EV market across the globe, China has extended EV subsidies, while North America’s clean energy industry continues to gain pace.

Moreover, Lake is optimistic about the support for electric mobility that is likely to be generated from the declined pollution levels due to the shutdown amid COVID-19 and visible improvements in the environment across the globe. Lake is confident that the same shall make people positively predisposed towards supporting the EV boom.

More at: Lake Resources Optimistic on Lithium Outlook; Update from Investor Stream Interview

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK