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Lake Resources N.L. ( (AU:LKE) ) has issued an update.
Lake Resources N.L. has announced the completion of the Front-End Engineering Design (FEED) study for its Kachi Lithium Brine Project in Argentina, marking a significant milestone in its infrastructure development. The study, conducted by YPF Luz, outlines the project’s electrical interconnection to the national grid, enhancing power availability and reliability, and supporting sustainable mining growth in the region. This development aligns with a broader initiative by YPF Luz and Central Puerto S.A. to improve power infrastructure in Argentina’s Puna Region, potentially strengthening Lake’s position in the global lithium market.
The most recent analyst rating on (AU:LKE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.
More about Lake Resources N.L.
Lake Resources N.L. is a responsible lithium developer utilizing state-of-the-art ion exchange extraction technology to produce sustainable, high-purity lithium. The company focuses on its flagship Kachi Project in Catamarca Province, Argentina, within the Lithium Triangle, addressing the demand for high-purity battery materials and sustainable, low-carbon footprint resources.
Average Trading Volume: 3,679,208
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$47.61M
For an in-depth examination of LKE stock, go to TipRanks’ Overview page.