Lake Resources to double Lithium production
Clean lithium developer Lake Resources NL is increasing drill testing at its flagship Kachi Lithium Project to support a doubling of future planned production. A four well, 1,600m diamond drill program is advancing, with brine sampling and pump testing.
The program can be readily extended given all equipment is on site. The drilling program will support a conversion of resources to reserves for Kachi’s Definitive Feasibility Study (DFS). Detailed COVID-19 controls and procedures are being followed to ensure the safety of employees, contractors and local communities.
Drilling will enable Lake to convert Inferred Resources to Measured and Indicated (M&I) Resources, to allow a production expansion study to be conducted.
The Kachi Project covers 74,000 ha of leases over a salt-lake south of Livent’s lithium operation in Argentina, with a large total resource of 4.4 Mt LCE (Indicated 1.0Mt, Inferred 3.4Mt) (refer ASX announcement 27 November 2018). Less than 20% of the current total resource is utilised for the planned 25,500 tpa lithium carbonate (LCE) production over 25 years (refer ASX announcements 23 March 2021; 30 April 2020). Infill drilling is designed to assist the conversion of resources to a higher category with increased data.
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