Lake Resources N.L.

Mining

Lake Resources NL (ASX:LKE, Lake) is a lithium exploration company undertaking an aggressive programme to explore prime lithium basins and lithium pegmatites in Argentina, among some of the largest players in the lithium sector. Lake holds one of the largest lithium tenement packages in Argentina (~165,000 Ha), controlled 100% by Lake. Mining leases and applications are located in the Lithium Triangle which accounts for 49% of current lithium production. Lake completed the acquisition of an early mover in Argentina, who had secured three prime lithium brine projects in an extensive strategic package of ~90,000 Ha, prior to a significant ‘rush’ to secure projects by major companies in the sector. Recently an option agreement was entered into over lithium pegmatites covering a belt of ~75,000 Ha in Catamarca, next to Latin Resources (ASX:LRS). Upcoming exploration in lithium brine basins, one which is adjacent to some of the leading lithium producers/developers, including Orocobre (ASX:ORE) in Olaroz, and the Cauchari development project of Lithium Americas (TSXV:LAC) and SQM, may provide several catalysts for growth as the areas are assessed for major discoveries.