April 17 2023. Clean lithium developer Lake Resources NL (ASX: LKE; OTC: LLKKF) (“LAKE”) and its direct lithium extraction technology partner, Lilac Solutions (“Lilac”), today announced the production of 2,500kg of lithium carbonate equivalents (LCE) at Project Kachi, a world-class lithium pilot plant located in Argentina. Context to the Testing: As announced in early January, Lilac successfully operated the Demonstration Plant for over 1,000 hours and produced 40,000 litres of lithium chloride eluate before December 31, 2022, meeting important performance milestones in accordance with the agreed timeline. The lithium chloride eluate produced by Lilac using its propriety ion exchange technology was then shipped to Saltworks, in Canada, and a portion was converted to lithium carbonate, after which it was independently tested for purity. The Lilac demonstration plant continues to operate, as Lilac nears completion of the performance milestone to process 120,000 litres of eluate into battery grade lithium carbonate.
1,000 hours to produce 40,000 litres. 2,000 hours to produce extra 80,000 litres. 80+- days. Surely those extra 80 days has long been completed??? Questions. What's happened since then? Was milestone achieved? Has product been sent to Saltworks again for testing? If so, what are the results? That "could" "should" be announced VERY soon?? Does the pilot plant continue to operate? What's the next target?
LKE Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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