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As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay
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Lake Resources Gets Expression Of Interest From UK Export Finance To 70% Fund Kachi Project
Lake Resources Appoints Peter Neilsen As CFO
Lake Resources Says Kachi Project Value Increased To US$1.58 Bln
Lake Resources NL is an Australia-based company, which is engaged in exploring and developing lithium brine projects in Argentina. The Company’s projects include Kachi Project, Cauchari Project, Olaroz Project, Paso Project and Catamarca Pegmatite project. The Kachi Project is located in Argentina’s Catamarca Province at the southern end of the Lithium Triangle and consists of an area of approximately 705 square kilometers (km). The Cauchari Project consists of an area of approximately 480 square km in Argentina’s Jujuy Province. The Olaroz Project is located in Argentina’s Jujuy Province, approximately 15 km north-east of Orocobre’s lithium production facility. The Paso Project is located in Argentina’s Jujuy Province, approximately 30 km west of Orocbre’s lithium production facility. The Catamarca Pegmatite project is located in Argentina’s Catamarca Province and covers an area of approximately 720 square km.
L 5 126 Phillip St
Non-Executive Chairman of the Board
Chief Financial Officer, Joint Company Secretary
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In Argentina's remote northern Salta province, the silence of the desert landscape is broken only by the hum of machinery pumping salt-water brine to extract lithium, a sign of accelerating efforts to ride the global electric vehicle boom.
Australia's Lake Resources said on Wednesday that the UK's export credit agency had expressed strong interest in covering 70% of the funding needed for the lithium developer's flagship Kachi project in Argentina.
Argentina's lithium producers are cautiously optimistic that President-elect Alberto Fernandez's incoming administration will not restrict capital flows or set other policies that could hamper their ability to supply the electric vehicle battery metal.
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