LKE 11.4% 7.8¢ lake resources n.l.

Ann: Lake Updates Kachi Demonstration Plant Activity, page-72

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,586 Posts.
    lightbulb Created with Sketch. 3178
    When the Lake/Lilac Kachi deal/agreement was struck my understanding is that the size of the resource was 4.4Mt.

    Under the agreement, Lilac will provide technology, engineering teams, and an on-site demonstration plant.This will earn Lilac a maximum 25% stake in LKE’s Kachi Project in Argentina based on performance-based milestones. After earning its interest, Lilac will then be expected to fund roughly US$50 million, equivalent to its pro rate share of future development costs.


    With Rio paying $825M - Rio Tinto Buys $825 Million Lithium Project in Battery Push
    And Gangfeng paying $925M for a resource size of 19Mt - China Lithium Giant Expands in Argentina With $962 Million Deal

    It will be interesting to see the update to the Kachi resource estimate as if it is substantially more than 4.4Mt.
 
watchlist Created with Sketch. Add LKE (ASX) to my watchlist
(20min delay)
Last
7.8¢
Change
0.008(11.4%)
Mkt cap ! $130.1M
Open High Low Value Volume
7.2¢ 8.5¢ 7.2¢ $4.253M 53.78M

Buyers (Bids)

No. Vol. Price($)
2 139450 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 606296 8
View Market Depth
Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
LKE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.