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Lake Resources NL (ASX:LKE) Investor Presentation
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Lake Resources NL (ASX:LKE) provides the Company's latest Investor Presentation.
Investment Highlights
Lake Resources (ASX:LKE) - Lithium exploration/development in Argentina - 3 lithium brine & 1 hard rock lithium project
- One of Largest Lease Holdings of Lithium ~ 200,000 Ha, provides scale, optionality
Flagship Projects: Kachi - Large Resource (Top 10); Large Target; 100% owned
- Large maiden resource: 4.4 Mt LCE (Indicated & Inferred) - In Top 10 global lithium brine resources
- Indicated: 1 Mt LCE Inferred: 3.4 Mt LCE (Lithium Carbonate Equivalent) Defined in 1 year
- Large basin: 20km x 15km x 400-800m deep; Leases cover entire brine basin 69,000 Ha (100% LKE)
- PFS to start - development - conventional & direct extraction methods
- Direct extraction method - Lowest quartile opex costs US$2600/t LCE feast; Reduced time to production
- Located 80km south of FMC/Livent (20 years production)
OlarOZ - CaUChari - Adjoins Orocobre/Advantage Lithium, Ganfeng/Lithium Americas
- Extensions of world class lithium brine resources - Grade, scale - Next to Production / Development
- Drilling underway 450m from major resources; pegged leases 2.5 years ago
Pegmatites - 80,000 Ha - New modern targets in past producing pegmatite belt in Catamarca
Major Transactions in Area
- Cauchari - Next to major acquisition $237M at Cauchari (Gangfeng Aug'18) = 8x LKE market value
- Kachi - South of Galaxy sale of resource - US$280M (POSCO June-Dec 2018)
- Implied Acquisition Value: US$70-110 M per 1 Mt LCE resource
Undervalued vs Peers:
- Comparisons with peer lithium companies in Argentina - shows deep value in LKE
- Neighbours market value $100M to $1000M; Recent LKE research $0.73 price target
To view the full presentation, please visit: http://abnnewswire.net/lnk/A801V7I5
Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au
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