Lake Resources N.L. (AU:LKE) has released an update.
Lake Resources N.L. and its technology partner Lilac Solutions have announced significant advancements in lithium extraction technology, potentially reducing direct extraction equipment costs by up to 50%, and improving lithium recovery rates to over 90%. These developments could lead to a 10% reduction in the overall capital for the Kachi Project. The company is now set to re-evaluate its project cost estimates in light of these efficiencies.
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