Lithium developer Lake Resources soars on solving dispute with partner Lilac

Lake Resources NL

20/11/2022 23:47

** Lithium developer Lake Resources NL  LKE.AX  rises as
much as 5.7% to A$1.11, its biggest intraday jump since Nov. 14
    ** Sydney-based LKE top performer in the ASX 200 benchmark
index  .AXJO 
    ** Says resolved dispute over timeline with Argentina
project partner Lilac Solutions
    ** Lake and Lilac agree to an amended timeline for Argentine
Kachi lithium project, more than two months after dispute
erupted over project milestone deadline
    ** Adds that Kachi demonstration plant currently operating
continuously at 90% of steady state capacity, volume, and
production
    ** LKE up 4% this year as of last close, vs a 3.9% decline
in the ASX 200 benchmark
 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))