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Lake Resources NL (ASX:LKE) – New Drilling Program at Li Brine Projects to Help Define Targets

Impact: Slightly Positive

Lake Resources (LKE) announced it is planning a 10-hole drilling program at its 100%-owned Olaroz, Cauchari and Paso Li brine projects in Jujuy, Argentina. The program is currently scheduled for late January 2022. A second drill rig will be used to work alongside the diamond rig to help quantify brines, develop the aquifers and conduct pump tests – many of the items that are required to define a resource estimate and quantify flow rates. We note that passive seismic geophysics are also underway to help define basin boundaries, while detailed EM surveys have the potential to locate brine targets. Furthermore, lithium brines are to be sampled and tested with direct lithium extraction methods, similar to that used at Kachi (read more). We look forward to the potential for positive drill results from these projects. Meanwhile, we believe the market will continue to focus on the development and project financing for Kachi.

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Abcourt Mines Inc.
Aeris Resources Limited.
Aero Energy Ltd.
Alaska Energy Metals
Aldebaran Resources Inc.
ALX Resources Corp.
Anfield Energy Inc.
Argentina Lithium & Energy Corp.
Aris Mining Corp.
Aston Minerals Ltd.
Atco Mining Inc.
Atha Energy Corp.
Aura Energy Ltd.
Aurora Energy Metals Ltd.
Aurion Resources
Azincourt Energy Corp.
Aztec Minerals Corp.
Barton Gold Holdings Limited
Baselode Energy Corp.
Blackrock Silver Corp.
Blackwolf Copper and Gold Ltd.
Blue Sky Uranium Corp.
Borealis Mining Company Ltd.
Bradda Head Lithium Ltd.
Brunswick Exploration Inc.
Bunker Hill Mining Corp.
Canada Nickel Company Inc.
CanAlaska Uranium Ltd.
Canterra Minerals Corp.
Cassiar Gold Corp.
CDN Maverick Capital Corp.
Cerrado Gold Inc.
Chalice Mining Ltd.
Clean Air Metals Inc.
Cobalt Blue Holdings Ltd.
Cordoba Minerals Corp.
Critical Elements Lithium Corp.
Defiance Silver Corp.
Delta Resources Ltd.
Denarius Metals Corp.
E3 Lithium Ltd.
EDM Resources Inc.
Electra Battery Materials Corp.
Electric Royalties Ltd.
Empress Royalty Corp.
Energy Fuels Inc.
EnviroGold Global Ltd.
Excellon Resources Inc.
Falco Resources Ltd.
Fathom Nickel Inc.
Fission Uranium Corp.
F3 Uranium Corp.
F4 Uranium Corp.
Flying Nickel Mining Corp.
Foremost Clean Energy Ltd.
Forsys Metals Corp.
Forum Energy Metals Corp.
Galleon Gold Corp.
Giyani Metals Corp.
Global Atomic Corp.
Goldstorm Metals Corp
Goliath Resources Ltd.
GoviEx Uranium Inc.
GR Silver Mining Ltd.
Grid Metals Corp.
Grounded Lithium Corp.
Halcones Precious Metals Corp.
IsoEnergy Ltd.
Japan Gold Corp.
Karora Resources Inc.
Kesselrun Resources Ltd.
Kootenay Silver Inc.
Koryx Copper Inc.
Laramide Resources Ltd.
Latin Resources Ltd.
Libero Copper & Gold Corp.
Lifezone Metals Ltd.
Lomiko Metals Inc.
Lotus Resources Ltd.
Lumina Gold Corp.
Major Drilling Group International Inc.
Mandalay Resources Corporation
Mawson Gold Ltd.
Midnight Sun Mining Corp.
Mineros S.A.
MTB Metals Corp.
Murchison Minerals Ltd.
Mustang Energy
Myriad Uranium Corp.

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