Australian lithium miner Lake Resources soars on positive test at Argentine site

Lake Resources NL

15/08/2023 01:59

** Shares of Lake Resources NL  LKE.AX  soar as much as
23.8% to A$0.260, their highest level since July 24
    ** LKE biggest gainer in the ASX All Ordinaries index
 .AORD 
    ** More than 19.5 mln shares change hands, vs the 30-day
average of 10.3 mln shares
    ** Co says completed intermediate milestone to conduct
definitive feasibility study (DFS) at its flagship Kachi lithium
project in Argentina
    ** Adds that pumping tests confirm favourable hydrogeologic
conditions for brine extraction
    ** LKE down 73.8% this year, as of last close, vs a 3.8%
increase in the ASX All Ordinaries index 

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))