Catamarca deposit Argentina

Given work is expected to 'formally' commence this month, I think it's worthwhile providing some background on what we have in Catamarca, which is potentially a globally significant future Lithium deposit. To set the scene, Lake Resources (ASX:LKE) comments on our tenements here:

https://lakeresources.com.au/projects/catamarca/

"Latin Resources (ASX:LRS), which holds adjoining leases in the same belt, announced on 14 June 2016 results of 4.9% LiO2 to 7.1% LiO2"

"A LRS drilling program in Q2 2017 yielded high grades over relatively narrow widths, in lithium terms, of up to 9m true thickness, with intercepts of 3m at 2.98% Li2O, 5.2m at 1.62% Li2O, 6m at 2.40% Li2O, and 7m at 2.17% Li2O."

We entered a JV with Integra Capital for the Catamarca tenements in 2020. In summary, the JV means Integra is funding the first $1m of exploration and will also fund their representative portion of any eventual processing plant.

Integra Capital (Lithium) website:

https://integralithium.com/

Integra JV ANN is here:

https://www.investi.com.au/api/announcements/lrs/1dab5ec2-48b.pdf

Here is one of our 2016 ANNs for Catamarca showing grades up to 7% Li2O (which looks exceptionally high to me)

https://www.investi.com.au/api/announcements/lrs/8d090c96-90e.pdf

and here is one of our 2017 drilling ANNs.

https://www.investi.com.au/api/announcements/lrs/cb621a99-9f7.pdf