Photo by: Lake Resources
Name of the Project
Kachi lithium brine project.
Location
Catamarca, Argentina.
Project Owner/s
Lithium developer Lake Resources.
Project Description
Kachi has the potential to deliver high-purity product – based on a sustainable and scalable process – required by battery makers.
The project envisages the construction of two plants with a capacity of 25 000 t/y using direct lithium extraction technology based on ion exchange.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $1.05-billion and an internal rate of return of 25%, with a payback from first product delivery of five years.
Capital Expenditure
The project entails an investment of $544-million.
Planned Start/End Date
Production is targeted for 2027.
Latest Developments
Lake is targeting completion of a definitive feasibility study by December 2023.
Key Contracts, Suppliers and Consultants
Lilac Solutions (lithium extraction testwork); Hatch (engineering and design services); and Citi and JP Morgan (finance coordinators of the project).
Contact Details for Project Information
Lake Wells, tel +61 2 9299 9690 or email hello@lakeresources.com.au.