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2026-11-06
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Lake Resources NL

DFS Unfunded Developer · Lithium · AR Rating locked: sign in to view v8.1 · lke-20261031t153943-full
Last 2026-11-06
A$0.029
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$72M
EV
A$62.4M
Cash
A$10.1M
Debt
A$0

Portfolio detail

Assets

1 assets

Core asset

Kachi Lithium Brine Project (Phase 1, 25,000 tpa LCE)

AR

DFS Unfunded Developer80% ownedLithium

Developer. Environmental Impact Declaration (DIA) received September 2026; FEED phase started; RIGI application expected soon; no financing, offtake or FID.

Developer · DFS unfunded developer
Study
DFS Addendum
Post-tax NPV (study prices, attributable)
US$808.8md
NPV restated at our deck (attributable)
Locked
IRR
1,970.0%s
Initial capex (100%)
US$1.2bs
Capital intensity
US$46,280/(t/yr)d
LoM AISC
—
Mine life
25.0 yrss

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVUS$1K10% discount
IRR19.7%Published return
Initial capexUS$1.2KPublished capital estimate
Operating cost5,895USD/t LCE

Post-tax NPV10 and post-tax IRR, 100% Kachi basis, at US$20,500/t lithium carbonate; capex in US$ million, opex in US$/t LCE.

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured plus Indicated8.2M t LCE216 mg/L Li (derived: 1,539,299 t Li over 7,117,478,861,140 L brine)Lithium2025-05-31
Mineral ResourceInferred2.9M t LCE215 mg/L Li (derived: 542,294 t Li over 2,522,620,663,000 L brine)Lithium2025-05-31
Ore ReserveProved and Probable (years 1-25)626.7K t LCE267-270 mg/L LiLithium2025-06-03
Tenements1
kachi-mining-concessionsGranted— None · No expiry supplied
Milestones4
  1. Exploitation Environmental Impact Declaration (DIA) issued by Catamarca Ministry of Mining

    Achieved · High materiality

  2. FEED engineering contractor selection and FEED completion

    Pending · High materiality

  3. RIGI application submitted

    Pending · High materiality

  4. Final investment decision and project financing

    Pending · High materiality

Permits & approvals3
PermitJurisdictionStatusExpiryCritical path
Exploitation Environmental Impact Declaration (DIA)Catamarca, ArgentinaGranted—No
RIGI investment incentive regime approvalArgentina (national)Pending—Yes
Grid power supply (Northern power line with YPF Luz, or alternative)Argentina (national and provincial)Pending—Yes
Economic studies1
StudyStageStatusDateSummary
Kachi Phase One DFS Addendum (August 2025)DFSCurrent2025-08-0425,000 tpa LCE Phase 1, capex US$1,157M, opex US$5,895/t LCE, post-tax NPV10 US$1,011M and pre-tax NPV10 US$1,469M at US$20,500/t, pre-tax IRR 22.5%, post-tax IRR 19.7%, payback 4.5 years, design basis 249 mg/L.

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)