IMO, a lot of great news in this announcement.
- Initial results "AT SPEC"
- Commissioning completed.
- 80% recoveries with plant optimisation work underway to potentially increase recovery %.
- Validation by Hatch to follow to allow the finalisation of the DFS.
- First samples shipped within 2 weeks to Hatch.
- Lilac's Dave excited to expand our collaboration with Lake (minor dispute possibly settled?)
- LAKES FULLBOARD in Sydney to meet representatives from Argentinian Federal and Provincial Governments and Departments, as well as continue discussions with international and domestic investment banks and financial market participants who have been assisting Lake in developing its strategy as the company moves toward financial investment decision (FID) in 2023.
ASX & OTC ANNOUNCEMENTWed 2 November 2022
Lilac Solutions demonstration plant delivers “at spec” product from
Lake Resources Kachi project
• Initial test work delivers “at spec” product from Kachi demonstration plant.
• Kachi brine test work underway, commission phase completed.
• One month after wet commissioning already achieving 80 percent lithium recoveries.
• Plant optimisation work underway.
• Third Party Validation by Hatch to commence shortly to allow DFS completion.
• Continued de-risking of the project for financiers and investors.
Clean lithium developer Lake Resources NL (ASX: LKE; OTC: LLKKF) (Lake) is pleased to provide an
update on progress at the Kachi project lithium processing demonstration plant.
Completion of construction of the demonstration plant on site and the wet and dry commissioning
process took place during September and October.
The demonstration plant is now processing Kachi brines with final optimisation of the process now
nearing completion.
Lilac Solutions Executive Vice President, Bart Packer, has been on site at Kachi to oversee the final
adjustments to the plant to ensure optimisation of processes prior to continual processing getting
underway.
“Initial operations of the demo plant have already delivered product at spec, with the demonstration
plant achieving similar lithium recoveries that were achieved in the Oakland pilot plant test work in
California.
“Optimisation work continues on site; Lilac anticipate the first samples of Lithium Chloridewill be
shippedfor conversion to Lithium Carbonate within two weeks.”
Lake proposes that this final lithium product will then be qualified by a tier one battery maker to vali
date product specifications.
Lilac CEO, David Snydacker said these excellent early results validate Lilac’s ability to quickly scale up
lithium production at the Kachi site.
“Just one month after the start of wet commissioning, we are already achieving 80 percent lithium
recoveries even as we complete the commissioning process and increase recoveries.
“Cheers to our field operations team, which has been working 24/7 to achieve these results in
partnership with Lake Resource’s fantastic team at Kachi.
“We areexcited to expand our collaboration with the Lake team as we work to fast-trackcommercia
l-scaleproduction of lithium carbonate,” he said.
Lake CEO, David Dickson said Lake was delighted to see initial test results achieving anticipated
specifications.
“This validates the many years of test work that took place in Lilac’s Oakland facility during Covid
whilst access to site was impossible.
“We look forward to seeing the test work move into to steady state and then for the process to be
validated by Hatch so that work on the DFS can be completed.”
Mr Dickson said every resource project in construction phase globally had faced inevitable
challenges in recent times and he had been pleased to see the Lake and Lilac teams in Argentina
working together closely to overcome early construction challenges and to now deliver excellent
results from the initial work completed on Kachi brines.
Lake Executive Chairman Stu Crow said Lilac’s method of producing high purity lithium would disrupt
the battery materials supply industry as it was scalable, low cost, and delivers a consistent product
quality with a significant ESG benefit.
“Thenews of successful demonstration plant results is timely as Lake Resources fullboard is in
Sydneyto attend the IMARC conference this week to meet and host a strong delegationof
representativesfrom Argentinian Federal and Provincial Governments and Departments, as well as
continuediscussions with international and domestic investment banks and financialmarket
participantswho have been assisting Lake in developing its strategy as the company movestoward
financialinvestment decision (FID) in 2023,” he said.
As noted in the September Quarterly Report, Lake intends to make several new executive and board
appointments before year end as it transitions from an exploration company toward development
and production.
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