Ann: Drilling advances at Kachi with consistent assay results, page-23

Thanks everyone for the very interesting reading.

Just so readers can relate these posts with what LKE has announced, this is an extract from their announcement.

"The companies have entered into a partnership to leverageLilac’s proprietary ion exchange technology (the “Lilac Technology”) for theKachi brine with the goal of establishing a rapid, robust, and low-cost processfor producing lithium at Kachi.

“Lake Resources is delighted to be partnering with Lilac ona rapid, direct extraction process of lithium from brines. We have reviewed anumber of technologies, and we consider Lilac to offer a compelling opportunityto be reviewed in tandem with conventional methods as part of a pre-feasibilitystudy that we will commence soon after the release of our initial resource,”said Steve Promnitz, Managing Director of Lake Resources.

“The potential toreduce the timeline to production at low cost is a major advantage in thecurrent market with a constrained supply of lithium. Increased recoveriesindicate that a 300 mg/L lithium brine would produce similar volumes of finalproduct as a 600 mg/L lithium brine.”

“Lake has potentially a very largeresource at Kachi and this is a unique and compelling opportunity for us,” saidDavid Snydacker, CEO of Lilac Solutions. “Our team is confident that we canquickly adapt our system to the Kachi brine and establish a flowsheet with lowoperating costs. This engineering work is a significant first step in a swiftprocess of bringing the Kachi project online and establishing a long-term,fruitful partnership with Lake Resources.”

"Lilac is initiating engineering work  to confirmlow operating costs for direct production of lithium carbonate or lithiumchloride at Kachi using the Lilac Technology".