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Sydney, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the results of its Definitive Feasibility Study (“DFS”) for Phase One of the globally significant Kachi lithium brine project in Argentina.

The Kachi Project (“Kachi”, “Kachi Project” or “Project”) Phase One DFS demonstrates that Kachi is a tier one project, backed by a significant resource and strong economics positioning it competitively within the growing lithium market.

Kachi Project Phase One Financial Highlights

– The Project boasts a post-tax NPV8 of US$2.3 billion and an internal rate of return (“IRR”) of 21%.

– Targets battery grade lithium carbonate revenue of US$21 billion and US$16 billion EBITDA for the 25-year life of mine (“LoM”).
– Targets annual average EBITDA of US$635 million and EBITDA margin of 76%.

– US$1.38 billion estimated initial Capex for Phase One is within the range provided in the previous operational update.

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