LKE 0.00% 4.7¢ lake resources n.l.

Ann: Lake Resources Provided Kachi Project Update, page-433

  1. sqe
    6,939 Posts.
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    Almost 1 month on from this announcement.

    The pilot plant should be able to produce 109kg/day LCE @ 100% capacity. This announcement stated 90% capacity.

    So approx 100kg /day LCE.

    30 days on, should have produced 3000kg LCE.

    24/7 operation would have added another 720 hours of operation time. Adding the 600hours from this announcement brings us 1320hours.

    So the 1000hrs + 2500kg LCE requirement of the agreement should have been hit.

    Presumably the $50M USD spend has been hit. In which case Lilac SHOULD have hit most of the requirements for the 25% ownership of kachi.

    But guess what?........No announcements
    Last edited by sqe: 20/12/22
 
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