LKE 2.08% 4.7¢ lake resources n.l.

“…i took this to be 5% as a reasonable approximation…”I say...

  1. 16,946 Posts.
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    “…i took this to be 5% as a reasonable approximation…”

    I say again:

    1. Hearsay and unsubstantiated.

    2. Got some LKE or Lilac results that were released to the ASX ?

    To the best of my knowledge, for 25,000t/y, LKE plan to pump 23 million cubic metres of lithium bearing brine from their extraction wells.

    That’s 23 billion litres per year.

    If you wish to pluck 5% from nowhere, then 4% of 23 billion litres is total water consumption (assuming lithium is 1% of total volume).

    Fresh water consumption still remains a mystery.

    Then LKE plan to re-inject 95% of 23 billion litres back into the Salar…ever so carefully so as not to disturb the freshwater balance.

    To suggest 50,000t/y LCE (which is double the figure above is), in the medium term is simply fanciful.

    Note: 5% is hearsay
    Last edited by dugsab: 05/10/21
 
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