Company Report
Last edited 2 years ago
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#Appoint. Chief Legal Officer &
stale
Added 2 years ago

His extensive experience leadership experience includes serving as Chief Legal Officer, Executive Vice President and Corporate Secretary for McDermott International; General Counsel and Executive Vice President for Technip S.A.; Global Ethics and Compliance Director for Baker Hughes, in addition to other legal and compliance positions within that organization. Mr. Freeman has also served as Prosecuting Attorney for the U.S. Office of Special Counsel and Special Assistant U.S. Attorney for the District of Columbia.

J. Freeman: Has the cred' can these blokes execute the plan?

announcement here: 2924-02608843-2A1418541 (markitdigital.com)

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And Paying the directors, LKE - Placement Performance Rights # securities: 465,000 ( at what price unknown at the moment? )

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Whats LKE do? - digging up the dirt and sell n ship, So some other dude can make batteries.. Then put wheels on, ship the item back for us.

Lake Resources NL (ASX: LKE; OTC: LLKKF) is a clean lithium developer utilising direct extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha. 

5. Prime Location, Large Projects: Flagship Kachi project in prime location among low-cost producers with a large lease holding (74,000 ha) and expandable resource (4.4 Mt LCE) used for 25 years production at 50,000tpa (JORC Resource: Indicated 1.0Mt, inferred 3.4Mt, refer ASX announcement 27 November 2018). Prefeasibility study at 25,500tpa by tier 1 engineering firm shows large, long-life low-cost operation with US$1.6 billion NPV pre-tax, and annual EBITDA of US$260 million from 2024 using past pricing of US$15,500/tonne lithium carbonate (refer ASX announcement 17 March 2021; 28 April 2020). (No changes to the assumptions in the resource statement or the PFS have occurred since the announcement date.) 6. Other Projects: Lake’s other projects include the Olaroz and Cauchari brine projects, located adjacent to major world-class brine projects in production or construction, including Allkem’s (Orocobre’s) Olaroz lithium production and adjoins the impending production of Ganfeng Lithium/Lithium Americas ’Cauchari project. Lake’s Cauchari project has shown lithium brines over 506m interval with high grades averaging 493 mg/L lithium (117-460m) with up to 540 mg/L lithium. These results are similar to lithium brines in adjoining leases and infer an extension and continuity of these brines into Lake’s leases (refer ASX announcements 12 June 2019, 23 March 2021). Drilling commenced on the Olaroz leases in February 2022. For more information on Lake, please visit http://www.lakeresources.com.au/home/.