When the Lake/Lilac Kachi deal/agreement was struck my understanding is that the size of the resource was 4.4Mt.
Under the agreement, Lilac will provide technology, engineering teams, and an on-site demonstration plant.This will earn Lilac a maximum 25% stake in LKE’s Kachi Project in Argentina based on performance-based milestones. After earning its interest, Lilac will then be expected to fund roughly US$50 million, equivalent to its pro rate share of future development costs.
With Rio paying $825M - Rio Tinto Buys $825 Million Lithium Project in Battery Push
And Gangfeng paying $925M for a resource size of 19Mt - China Lithium Giant Expands in Argentina With $962 Million Deal
It will be interesting to see the update to the Kachi resource estimate as if it is substantially more than 4.4Mt.
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- Ann: Lake Updates Kachi Demonstration Plant Activity
Ann: Lake Updates Kachi Demonstration Plant Activity, page-72
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