The Australian company released its quarterly results, as well as projections for the lithium brine project located in the province of Catamarca.
By Panorama Minero
Lake Resources reported the results for the quarter ended June 30. The most notable highlights include:
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Formation of a special committee to evaluate a full range of strategic alternatives aimed at maximising value for Kachi Lithium Brine Project
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Materially increased Measured and Indicated Resource by approximately 10% or 0.9 Mt lithium carbonate equivalent (“LCE”) to 8.2 Mt LCE from 7.3 Mt LCE
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Significantly advanced addendum to 2023 Kachi Phase One Definitive Feasibility Study which will provide updated Kachi cost estimates (OPEX and CAPEX); timing for completion is calendar year Q3 2025
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Continued to engage with local officials to finalise approval of the Exploitation Environmental Impact Assessment for Kachi
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Completed YPF Luz Front-End Engineering Design for the proposed power delivery system to Kachi showing grid power is a viable solution to meet Kachi’s power demands.
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A$12.37 million in liquidity at 30 June 2025 reflected benefit of continued costs right-sizing, active working capital management and receipt of $2.25 million via the At-the-Market Subscription Agreement by issuing 56,000,000 Lake ordinary shares to Acuity Capital at 4.0c per share.
