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Lake Resources N.L. ( (AU:LKE) ) has provided an announcement.
Lake Resources N.L. has released an updated Definitive Feasibility Study (DFS Addendum) for its Kachi Project in Argentina, revealing significant reductions in capital and operating costs. The project is positioned as a tier-one lithium brine project with strong economics, and the updated study highlights a 16% reduction in CAPEX and a 3% reduction in OPEX. The financial metrics show an estimated NPV10 of US$1,469M pre-tax and an IRR of 22.5% pre-tax. The company is advancing environmental approvals and exploring strategic alternatives to enhance its financial flexibility and market positioning.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.
More about Lake Resources N.L.
Lake Resources N.L. is a responsible lithium developer that utilizes state-of-the-art ion exchange extraction technology to produce sustainable, high-purity lithium. Their flagship project, the Kachi Project, is located in Catamarca Province within the Lithium Triangle in Argentina. The company focuses on delivering high-purity battery materials with a low carbon footprint and significant ESG benefits.
YTD Price Performance: -9.52%
Average Trading Volume: 7,136,819
Technical Sentiment Signal: Sell
Current Market Cap: A$70.42M
Learn more about LKE stock on TipRanks’ Stock Analysis page.