Brief: Lake Resources Announces Results On Kachi Project Phase One Definitive Feasibility Study

Lake Resources NL

19/12/2023 01:02

Dec 19 (Reuters) - Lake Resources NL  LKE.AX :
    * LAKE RESOURCES KACHI PROJECT PHASE ONE DEFINITIVE
FEASIBILITY
STUDY
    * THE KACHI PROJECT PHASE ONE DFS DEMONSTRATES THAT  KACHI
IS A
TIER ONE PROJECT
    * KACHI PROJECT PHASE ONE TARGETS ANNUAL AVERAGE EBITDA OF
US$635
MILLION AND EBITDA MARGIN OF 76%
    * KACHI PROJECT PHASE ONE TARGETS BATTERY GRADE LITHIUM
CARBONATE
REVENUE OF $21 BILLION & $16 BILLION EBITDA  FOR THE 25-YEAR
LIFE OF MINE
    * US$1.38 BILLION ESTIMATED INITIAL CAPEX FOR KACHI PROJECT
PHASE
ONE WITHIN RANGE PROVIDED IN PREVIOUS OPERATIONAL UPDATE 1

Source text for Eikon:  ID:nASX99Jlfq 
Further company coverage:  LKE.AX