Lake Resources NL (ASX:LKE, OTC:LLKKF) has reported that activities related to project development are being ramped up and comprises shallow drill testing at its 100% owned Kachi Lithium Brine Project. Moreover, LKE is progressing well with a geotechnical study of the site, where the Direct Lithium Extraction Pilot Plant / Demonstration Plant will be located.
LKE has also completed a geophysical program that has been underway for around a couple of months. This is expected to help in better positioning of the brine test holes. Presently, LKE is engaged in collecting the three lines of data of passive seismic geophysics and then analyse them to enhance data quality.
LKE remains optimally funded and believes that the ongoing activities are not major expenditure items, although significant.
LKE share price quoted at A$0.059 at 12:52 PM AEST on 13 November 2020.