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Lake Resources NL (ASX:LKE) First Samples Successfully Produced from Pilot Plant

on 7/2/2020
Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) together with its technology partner, Lilac Solutions Inc, announced today another step towards the delivery of high purity, responsibly sourced lithium, with the first samples of lithium chloride successfully produced from Lilac's direct lithium extraction pilot plant module dedicated for Lake's Kachi Lithium Brine Project.

The samples show high lithium concentrations as previously demonstrated at lab scale (refer ASX announcement, 9 January 2020). These samples will be analysed by external laboratories next week.

Processing continues of 20,000 litres of brine at Lilac's newly upgraded industrial facility in California.

Lake is targeting the production of one lithium chloride sample per week, which will later be converted into lithium carbonate and then dispatched to potential off-takers.

Lake's recent Kachi Pre-Feasibility Study (PFS) (refer ASX announcement 30 April 2020) and recently published research (available on the company's website) demonstrates the disruptive, cost competitive, sustainable and scalable nature of the Lilac process which will be employed at Kachi and its ability to produce a premium, battery-grade product sought by battery and cathode manufacturers globally.

Momentum towards the electrification of global transport continues to accelerate, as seen by new lithium ion battery megafactories, including the UK government's commitment of 1 billion British pounds of funding towards building a lithium-ion battery megafactory. Currently 142 battery megafactories are being built worldwide, according to analysts Benchmark Mineral Intelligence, with the market size having quadrupled since 2015 on the back of the EV revolution.

Lake's Managing Director, Steve Promnitz said: "Production of larger size lithium chloride samples has now been demonstrated at a much larger scale with similar results to the initial, smaller samples reported. The next step is producing lithium carbonate samples that can meet product quality requirements of large off-takers. We eagerly await the release of these first samples and ramping up our negotiations with potential off-takers."

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au



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