LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
How Does the Kachi Project Contribute to Lake Resources' Overall Business Strategy? — ASX:LKE| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$LKE
How Does the Kachi Project Contribute to Lake Resources' Overall Business Strategy?
Kachi Phase One DFS: Lake Resources Unveils Exceptional Results
Lake Resources N.L. (Lake) has announced its Phase One Definitive Feasibility Study (DFS) results for the Kachi Lithium Project, marking a significant milestone in the company's journey. The presentation, intended for investors, highlights the potential of the Kachi Project, located in the Goldfields region, east of Kalgoorlie.
Key Financial Highlights of Kachi Phase One DFS
The post-tax Net Present Value (NPV) of the project is estimated at $2.3 billion, with an Internal Rate of Return (IRR) of 21%. The project forecasts an annual average EBITDA of $635 million, indicating robust profitability.
Capital Expenditure and Operational Costs
The capital expenditure (Capex) for the project is projected to be $1.38 billion, with operating expenses (Opex) estimated at $6.05 per kg of Lithium Carbonate Equivalent (LCE).
Significant Lithium Resource
The Kachi Project boasts a total resource estimated at more than 10.6 million tonnes of LCE, positioning it as a globally significant
...
See More
resource. The project includes a 25-year mine life supported by the maiden Ore Reserve statement.
Process Plant and Demonstration Campaigns
Between October 2022 and November 2023, demonstration plant campaigns processed 5.2 million liters of brine, producing over 200,000 liters of lithium chloride eluate. The plant achieved over 1,300 kg of >99.5% purity lithium carbonate, showcasing the efficiency of the process design.
Updated Resource Estimates
The JORC update in November 2023 indicated a substantial increase in Measured and Indicated Resources. This update underscores the project's potential for further resource expansion.
Ore Reserve Statement
The Ore Reserve statement details the Proved and Probable reserves, providing a solid foundation for the project's 25-year life span.
Market Demand and Price Projections
The lithium market is anticipated to face deficits in the near term, with demand for battery-grade lithium expected to remain strong. Price forecasts by Wood Mackenzie suggest a long-term robust market for lithium carbonate.
Strategic Developments and Next Steps
Lake Resources has engaged Goldman Sachs as a Financial Adviser for the strategic delivery of the Kachi Project. This move is aimed at securing binding offtake agreements and strategic investments.
The company plans to submit the Environmental and Social Impact Assessment (EIA) in early 2024, emphasizing strong community and government engagement.
The Kachi Phase One DFS showcases Lake Resources' commitment to developing a significant lithium resource with strong financial prospects. The company's strategic planning, coupled with its emphasis on community and environmental considerations, positions the Kachi Project as a potentially transformative venture in the lithium market. As Lake Resources moves towards production, the Kachi Project stands as a testament to the company's innovative approach and promising future in the lithium industry.
... View
1 Like
0 Reply
?
L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
430 Views
2 Likes
0 Reply
?
L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
415 Views
1 Like
0 Reply
?
L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
430 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
320 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
306 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
295 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Alterra Limited
ASX:1AG | Food Beverage & Tob…
986
Akora Resources Limited
ASX:AKO | Materials
401
Downer Edi Limited
ASX:DOW | Commercial & Profes…
602
Bass Oil Limited
ASX:BAS | Energy
255
Ebos Group Limited
ASX:EBO | Health Care Equipme…
3.8k
Show more