https://newsletter.mw.creamermedia.com
Cement|PROJECT|Resources|Sustainable|Technology|Operations
Cement|PROJECT|Resources|Sustainable|Technology|Operations
cement|project|resources|sustainable|technology|operations

Changes afoot as Lake moves to cement North American position

20th June 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Lake Resources has appointed chairperson Stu Crow as executive chairperson to oversee the company’s transition to serve North American and Asian supply chains, with MD Steve Promnitz to step aside.

“Lake’s aspirational target is to reach capacity of 100 000 t/y by 2030 which will underpin Lake’s ambition to become a leading global producer of sustainable high purity lithium,” Crow said on Monday.

“We are now establishing a North American presence to serve our offtake customers, continue to work with our US-based technology partner, and engage capital markets.

“We are aligning project delivery, extraction technology, and operations. We are interviewing candidates with exceptional experience for the CEO and MD role, and also candidates for the board to reflect growth of the company in the US markets,” said Crow.

Lake Resources recently appointed finance institutions Citi and JP Morgan as joint coordinators for its Kachi lithium project.

A previously completed updated prefeasibility study estimated that the Kachi project could produce 25 500 t/y of lithium carbonate over a mine life of 25 years, with capital costs estimated at $540-million.

The company said earlier this year that the definitive feasibility study (DFS) would consider a production case of 50 000 t/y, given the increased demand from potential offtakers. The DFS is due for completion in mid-2022.

Edited by Creamer Media Reporter

Comments

 

Showroom

Chelsea Safety Boot
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (14/03/2025)
14th March 2025 By: Martin Creamer
Magazine round up | 14 March 2025
Magazine round up | 14 March 2025
14th March 2025

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:0.136 0.208s - 144pq - 2rq
Subscribe Now