Brief: Lake Resources Nl Says Is Managing & Ongoing Process For Potential Sale Of Non-Core Assets & Lithium Tenements Located In Jujuy & Catamarca Provinces

Lake Resources NL

01/07/2024 02:32

July 1 (Reuters) - Lake Resources NL  LKE.AX :
    * IS MANAGING & ONGOING PROCESS FOR POTENTIAL SALE OF
NON-CORE
ASSETS & LITHIUM TENEMENTS LOCATED IN JUJUY & CATAMARCA
PROVINCES
    * IMPLEMENTING OPERATING COST INITIATIVES TO RIGHT-SIZE ITS 
HEADCOUNT AND EXPENDITURE LEVEL
    * OPERATING COST INITIATIVES INCLUDE REDUCTION OF MORE THAN
50
PERCENT OF GLOBAL HEADCOUNT
    * OPERATING COST INITIATIVES ACTION NOT EXPECTED TO IMPACT
LAKE’S
ONGOING STRATEGIC PRIORITIES FOR KACHI
    * CONSUMPTION OF CASH RESERVES IS EXPECTED TO REDUCE AS  WE
PROGRESS THROUGH H2 OF 2024


Further company coverage:  LKE.AX 

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