What most explorers DON'T have, and LKE DOES have, are, amongst many other things:
- a maiden JORC resource at Kachi of 4.4 million tonnes (Mt) of contained lithium carbonate equivalent (LCE), and an exploration target ranging between 8-17Mt of LCE. This ranks Kachi as one of the world’s top 10 brine resources.
- 4 other lithium prospects in the Lithium Triangle
- $100+ million cash and cash equivalents
- No debt
- Strategic alliance with DLE technology provider Lilac Solutions, that has amongst its investors: Bill Gates, Jeff Bezos, BMW, etc.
- Off take letter of intent from Ford and Hanwa
- ECA financing letter of intent from two Export Credit Agencies to provide up to 70% financing with decent interest rates
- Years of testing with LKE's brine using Lilac Solutions' DLE pilot plant at California
- Financing of pilot plant by Lilac Solutions
- US$50 million committed by Lilac Solutions in case milestones are met to Kachi Capex (+pro rata increase if production target will be increased)
- DLE pilot plant on its way to Kachi project site
LKE towards TOP-5, page-6299
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