Lake Resources expands Kachi lithium brine project

By Trevor Hoey. Published at Mar 24, 2017, in Mining

Lake Resources NL (LKE) has acquired additional leases at its Kachi lithium brine project located in the Catamarca province of Argentina, bringing the total consolidated area to circa 52,000 hectares.

Approximately 90% of project leases are now approved for exploration. Importantly, this is the first time the area has been consolidated under one owner which will enable LKE to undertake a systematic focused approach to exploration as opposed to the disparate exploration initiatives undertaken in the past.

Sample results are expected shortly from exploration to date and these will be followed by geophysics and an initial drilling program. Imminent results which could potentially be a share price catalysts relate to near surface brine sampling of the salt lakes area of the project.

As can be seen in the following chart, LKE’s share price has responded well to its entry into the lithium space following the signing of an agreement in May 2016 facilitating the acquisition of Lith NRG.

However, it should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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