https://www.engineeringnews.co.za
Construction|Financial|PROJECT|Projects|Resources|Technology|Solutions|Environmental
Construction|Financial|PROJECT|Projects|Resources|Technology|Solutions|Environmental
construction|financial|project|projects|resources|technology|solutions|environmental

Lake explores strategic partnerships for Kachi lithium project

29th November 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia-listed Lake Resources is embarking on a quest for strategic partnerships to propel its Kachi lithium brine project, in Argentina, to new heights. The company is looking for a partner to provide equity capital and to assist in mobilising third-party project financing to fund development capital expenditures.

Lake, which currently owns 80% of Kachi and ion exchange direct lithium extraction technology provider Lilac Solutions the balance, has engaged Goldman Sachs as financial adviser to explore strategic options.

“As our Phase 1 definitive feasibility study for Kachi is targeted for completion next month, we are shifting our focus to the strategic delivery of this project,” said CEO David Dickson.

“With delivery of Phase 1 of our proposed approach to project execution and the construction and delivery of a plant with a total capacity of 25 000 t/y of battery grade lithium carbonate in 2027, Kachi has the potential to be an important contributor to the world’s lithium supply, bringing significant environmental benefits compared with other projects that employ hard rock and evaporation ponds,” he said.

Lake recently upgraded the Kachi resource estimate, increasing the measured and indicated resources from 2.9-million tonnes to 7.3-million tonnes of lithium-carbonate equivalent (LCE). The updated total resource estimate exceeds 10.6-million tonnes of LCE.

Edited by Creamer Media Reporter

Comments

 

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.308 0.363s - 234pq - 2rq
Subscribe Now