LKE 5.26% 4.0¢ lake resources n.l.

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-54

  1. sqe
    6,939 Posts.
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    I wonder if that expenditure included work required for wells and reinjection? Given the company has mostly ignored the details of wells or reinjection, and given the fact that SLI has indicated in their PEA that wells+reinjection CAPEX is estimated at over $200M USD, it will be interesting to see how much work is required on that front just to get an EIA/DFS over the line.

    On that note, those pump tests will be very interesting to watch (whenever they ACTUALLY release data on in). Note that GLN pump tests came back at 25L/s. This thing needs more than 45B litres of brine per annum = 1,426L/s. I'll leave you to work out how many wells that equates to and how many reinjection sites

    Also of note is the fact LKE have failed to report any cost associated with a reinjection fee. Who knows what the Argentinians will charge in that regard.


 
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