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Ann: Lake Resources Provided Kachi Project Update, page-125

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DG4444

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21/11/22

13:59

Post #: 64894888
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Originally posted by DG4444: ↑

IMHO:

Here’s a guesstimate of scale required to achieve DFS 25.5ktpa target.

Assume that they mean a Lithium Chloride solution containing 1900 and 3800 mg/L of Lithium.

Average say 2850 mg/L

20,000L of LiCl solution between 1900 and 3800 mg/L Li in 600 hours.

20000 x 2850 mg = 57000000mg Li in 600 hours

57 kg Li in 600 hours.

57 x 24 x 365 / 600 = 832 kg /year of Li (0.832 tpa)

LCE = 5.323 x 0.832 = 4.429 tpa LCE

25500/4.429 = 5757 demo plants of DLE equipment needed for 25.5 ktpa of LCE.

————————-

Having made that guesstimate, I have difficulty interpreting the “The Demonstration Plant has now produced more than 15% of the total Demonstration Plant forecast output in the short period” with “Demonstration plant operating continuously at 90 percent of steady state, over 600 hours to date, toward the 1,000-hour requirement”

15% in 600 hours for total of 1000 hours. 25% in 1000 hours?

Perhaps then 15% output in 600 hours means 100% output is in 4000 hours.

Hours per year is approx 8760.
90% of 8760 = 7884 hours.
4000/7884 =0.51

Are they running only day shifts?
If they are, but can run a full day then 5757/2 = 2878.5 demo plants DLE equipment needed for 25.5 ktpa LCE.

This excludes losses in processing the LiCl solution to Lithium Carbonate.

Interested in seeing your calculations.

DYOR

Expand

Interesting that “Lake CEO and MD David Dickson said the progress and test work being achieved was promising.”

So it was, but no longer is?

I’m not trying to convince anyone with my guesstimates. Just trying to engage with others on their understanding of the information in Lakes announcements.

I’ve come to understand though, that some little people prefer being drip fed Kool-Aid from the Lake, so that they can continue to live in their land of rainbows and unicorns.

LKE Price at posting: $1.07 Sentiment: Sell Disclosure: Not Held
9 Upvote

0 Great analysis

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