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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
