- Lake Resources (LKE) and its project partner Lilac Solutions have completed key milestones for the Kachi project in Argentina on time and as planned
- Lilac successfully operated the demonstration plant for 1000 consecutive hours and produced 40,000 litres of lithium chloride eluate before the end of 2022
- Lake CEO and Managing Director David Dickson says achieving these milestones demonstrate the “significant promise” of Project Kachi
- The eluate produced by Lilac is in the process of being shipped to Saltworks and converted to lithium carbonate, and will then be independently tested for purity
- Shares in Lake Resources are up 5.45 per cent, trading at 87 cents at 2:30 pm AEDT
Lake Resources (LKE) and its direct lithium extraction technology partner Lilac Solutions confirmed the on-time achievement of key milestones for the Kachi project in Argentina.
So far, Lilac has successfully operated the demonstration plant for over 1000 consecutive hours and produced 40,000 litres of lithium chloride eluate before the end of 2022.
Lake CEO and Managing Director David Dickson said the achievement of these milestones demonstrated the “significant promise” of Project Kachi.
“We are pleased with our accomplishments to date and are intently focused on the next stages of this project,” Mr Dickson said.
“Above all, we are proud of the work we and Lilac have achieved thus far to innovate the production of lithium in a way that is inclusive and respectful of the local communities in which we operate, and protective of the environment.”
The lithium chloride eluate produced by Lilac is in the process of being shipped to Saltworks and converted to lithium carbonate, after which it will be independently tested for purity.
Shares in Lake Resources were up 5.45 per cent, trading at 87 cents at 2:30 pm AEDT.