Name of the Project
Kachi lithium brine project.

Location
Catamarca, Argentina.

Project Owner/s
Lithium developer Lake Resources.

Project Description
The Phase 1 definitive feasibility study (DFS) on Kachi has demonstrated that it is a Tier 1 project. During this phase, production of 25 000 t/y over a 25-year life-of-mine will be targeted.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project boasts a pretax net present value, at an 8% discount rate, of $3.85-billion and an internal rate of return of 25.35%, with a payback of 4.25 years.

Capital Expenditure
Estimated initial capital expenditure for Phase 1 is $1.38-billion.

Planned Start/End Date
Kachi is targeting first lithium in 2027, with the ramp-up to full capacity by the end of 2028.

Latest Developments
Lake Resources has announced a sale agreement with Austroid to sell three of its lithium brine assets, in Argentina, for $9-million.

The assets, including tenements at Paso de Jama, Olaroz and Cauchari, are considered noncore to Lake's strategic focus as the company shifts its attention to advancing its flagship Kachi project.

The sale follows a competitive process aimed at maximising value for shareholders. The deal is a strong outcome for Lake and will enable the company to streamline its portfolio.

The sale will provide Lake with nondilutive liquidity, which the company will use to support its financial position and further develop the Kachi project.

Key Contracts, Suppliers and Consultants
Lilac Solutions (lithium extraction testwork); Hatch (engineering and design services); Citi and JP Morgan (finance coordinators of the project); and Knight Piésold (EIA).

Contact Details for Project Information
Lake Wells, tel +61 2 9299 9690 or email hello@lakeresources.com.au.