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Lake Resources N.L. ( (AU:LKE) ) has issued an update.
Lake Resources N.L. has announced an updated Ore Reserve estimate for its Kachi lithium brine project, highlighting an optimized mine plan that enhances lithium recovery rates and reduces the number of wells needed. The updated plan, utilizing Lilac’s Generation 4 media, achieves higher direct lithium extraction recovery rates, resulting in significant CAPEX and OPEX savings and a reduced environmental footprint. The project is set to operate with 11 production wells and 14 injection wells, delivering a 25,000 tpa operation over a 25-year life-of-mine, with 98% of production derived from Measured Resources.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.14 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 company operating in the lithium industry, focusing on the extraction and production of lithium brine. Their primary project, the Kachi lithium brine project, is located in Catamarca Province, Argentina, and aims to deliver high-grade lithium for the growing demand in battery production.
YTD Price Performance: -9.52%
Average Trading Volume: 7,136,819
Technical Sentiment Signal: Sell
Current Market Cap: A$70.42M
See more insights into LKE stock on TipRanks’ Stock Analysis page.