Brief: Lake Resources Implements Further Cost Saving Via Reducing Global Headcount

Lake Resources NL

04/03/2024 01:14

March 4 (Reuters) - Lake Resources NL  LKE.AX :
    * IMPLEMENTING FURTHER COST SAVING VIA REDUCING GLOBAL
HEADCOUNT
BY 50% ACROSS ITS NON-CORE OPERATIONAL AND ADMINISTRATIVE
WORKFORCE
    * SEES FURTHER 30% REDUCTION IN EXPENDITURES IN QUARTER
ENDING 30
JUNE, AS A RESULT OF COST SAVING
    * WILL CONTINUE TO EVALUATE MONETIZATION OF NON-CORE ASSETS
AND
LITHIUM TENEMENTS, UNRELATED TO KACHI PROJECT
    * WILL CONTINUE APPROACH TO COST STRUCTURE OPTIMISATION AND
WILL
EXPLORE FURTHER WAYS TO REDUCE EXPENSES


Further company coverage:  LKE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))