LKE: Investor Presentation
Original announcement by asx on
- Company
- Lake Resources N.L.
- Ticker
- LKE
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Capital raise, Metallurgy
- Extracted
- 2026-10-13 02:11:25 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lake Resources N.L. has released an investor presentation highlighting significant advancements for its Kachi Lithium Project in Argentina, including updated project economics from a Phase One DFS Addendum. The update reports a pre-tax NPV10 of US$1.5 billion and a pre-tax IRR of 22.5%, driven by an increased total resource of 11.1 million tonnes LCE and improved Lilac ion exchange technology. The company also announced the approval of the Exploitation Environmental Impact Assessment (EIA) and is advancing Front-End Engineering Design (FEED) for the 25 ktpa lithium carbonate plant, with expressions of interest for debt financing from export credit agencies.
Reasoning: The investor presentation highlights strong project economics, significant resource and reserve growth, and de-risking milestones like EIA approval and financing support, indicating positive progress for the Kachi Lithium Project.
Positive factors
- Significant project economics disclosed (NPV, IRR)
- Resource and reserve updates show substantial growth
- Key permitting milestone achieved (EIA approval)
- Advanced metallurgical technology improvements (Lilac Gen 4 IX)
- Strong financing support indicated from Export Credit Agencies
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 32
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The document explicitly states 'JORC Update increased total resource' and refers to 'Compliance Statement' regarding JORC.
Evidence · text
“JORC Update increased total resource to 11.1 Mt LCE”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that Mr. Michael Gabora, MAIG, the company’s current Competent Person, has reviewed the estimates.
Evidence · text
“Mr. Michael Gabora, MAIG, the company’s current Competent Person, who considers the estimates and the underlying assumptions to remain reasonable and appropriate”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The resource estimate includes a 'Measured' category with 4.191 million tonnes LCE.
Evidence · table
“Measured May 2025 (to 600 m depth)”
Context: Measured May 2025 (to 600 m depth)
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource estimate includes an 'Indicated' category with 3.998 million tonnes LCE.
Evidence · table
“Indicated May 2025 (to 600 m depth)”
Context: Indicated May 2025 (to 600 m depth)
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The reserve statement includes a 'Proved' category with 174,160 tonnes LCE.
Evidence · table
“Proved 1”
Context: Proved 1
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The reserve statement includes a 'Probable' category with 452,540 tonnes LCE.
Evidence · table
“Probable 8 – 25”
Context: Probable 8 – 25
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The document states 'JORC Update increased total resource to 11.1 Mt LCE' and '8.2 Mt LCE Measured & Indicated resource (+12% vs. Original DFS)'.
Evidence · text
“JORC Update increased total resource to 11.1 Mt LCE”
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The Lilac Gen 4 IX technology achieves a ~90% recovery rate for lithium, which is strong for lithium processing.
Evidence · text
“~90% recovery rate (+13% vs. Original DFS)”
Pilot Scale Completepositive · Story-specific tag
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: The document refers to 'Lilac Gen 4 IX technology improvements' and prior 'pilot program which has subsequently been completed'.
Evidence · text
“Lilac Gen 4 IX technology improvements”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes an 'Inferred' category with 2.885 million tonnes LCE.
Evidence · table
“Inferred May 2025”
Context: Inferred May 2025
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 30. Some facts used in scoring do not have a stored record.
Resource Estimates (29)
measuredKachi · lithiumTonnes: 901000Grade: 210Grade Unit: mg/LContained Metal: 169000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:b9cfab7cc9fa9e421a2a
- Deposit or zone
- A
Resource Data
- Category
- measured
- Tonnes
- 901000
- Grade
- 210
- Grade Unit
- mg/L
- Contained Metal
- 169000
- Contained Unit
- t
- Cutoff Grade
- 100
- Cutoff Unit
- mg/L
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 788000
- Prior Contained Metal
- 4191000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The measured resource for zone A shows a substantial increase in tonnage and contained lithium, indicating positive resource growth and confidence.
Positive factors
- Significant increase in measured resource tonnage compared to prior estimate
- Good grade for lithium brine deposit
Evidence · table
“901,000”
Context: A
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 169000 against 4191000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 169000 from 4191000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredKachi · lithiumTonnes: 470000Grade: 229Grade Unit: mg/LContained Metal: 88000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:ebc5bb2dc18d12501222
- Deposit or zone
- B
Resource Data
- Category
- measured
- Tonnes
- 470000
- Grade
- 229
- Grade Unit
- mg/L
- Contained Metal
- 88000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 788000
- Prior Contained Metal
- 4191000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The measured resource for zone B contributes to the overall increase in measured resources, reflecting positive geological confidence.
Positive factors
- Increased measured resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“470,000”
Context: B
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 470000 against 788000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 88000 against 4191000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredKachi · lithiumTonnes: 629000Grade: 230Grade Unit: mg/LContained Metal: 118000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:6fb991da948d8763d56d
- Deposit or zone
- C to 400
Resource Data
- Category
- measured
- Tonnes
- 629000
- Grade
- 230
- Grade Unit
- mg/L
- Contained Metal
- 118000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 788000
- Prior Contained Metal
- 4191000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The measured resource for zone C to 400 adds to the overall measured resource, indicating continued positive development.
Positive factors
- Increased measured resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“629,000”
Context: C to 400
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 629000 against 788000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 118000 against 4191000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredKachi · lithiumTonnes: 1233000Grade: 220Grade Unit: mg/LContained Metal: 232000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:64b563a1b520fe091b72
- Deposit or zone
- Fan West to 400
Resource Data
- Category
- measured
- Tonnes
- 1233000
- Grade
- 220
- Grade Unit
- mg/L
- Contained Metal
- 232000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 788000
- Prior Contained Metal
- 4191000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The measured resource for Fan West to 400 shows a substantial increase in tonnage, contributing significantly to the overall measured resource.
Positive factors
- Significant increase in measured resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“1,233,000”
Context: Fan West to 400
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 1233000 against 788000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 232000 against 4191000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 232000 from 4191000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredKachi · lithiumTonnes: 958000Grade: 250Grade Unit: mg/LContained Metal: 180000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:426198ac5e3ae936185e
- Deposit or zone
- K24 – K25 below 400
Resource Data
- Category
- measured
- Tonnes
- 958000
- Grade
- 250
- Grade Unit
- mg/L
- Contained Metal
- 180000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 788000
- Prior Contained Metal
- 4191000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The measured resource for K24-K25 below 400 adds to the overall measured resource, with a good lithium grade.
Positive factors
- Increased measured resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“958,000”
Context: K24 – K25 below 400
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 958000 against 788000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 180000 against 4191000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 180000 from 4191000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredKachi · lithiumTonnes: 4191000Contained Metal: 788000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:25e80041e693e9d4adfe
- Deposit or zone
- Total
Resource Data
- Category
- measured
- Tonnes
- 4191000
- Contained Metal
- 788000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 788000
- Prior Contained Metal
- 4191000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The total measured resource shows an exceptional increase, significantly de-risking the project and providing a strong basis for reserves.
Positive factors
- Exceptional increase in total measured resource tonnage
- High confidence category
Evidence · table
“4,191,000”
Context: Total
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 4191000 against 788000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 788000 against 4191000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 788000 from 4191000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 269000Grade: 181Grade Unit: mg/LContained Metal: 50000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:843b49983dfb980ecdd5
- Deposit or zone
- A (South)
Resource Data
- Category
- indicated
- Tonnes
- 269000
- Grade
- 181
- Grade Unit
- mg/L
- Contained Metal
- 50000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone A (South) contributes to the overall indicated resource, showing continued geological confidence.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“269,000”
Context: A (South)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 269000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 50000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 106000Grade: 179Grade Unit: mg/LContained Metal: 20000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:b123a5a1b2dbec98295d
- Deposit or zone
- B (South)
Resource Data
- Category
- indicated
- Tonnes
- 106000
- Grade
- 179
- Grade Unit
- mg/L
- Contained Metal
- 20000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone B (South) adds to the overall indicated resource, maintaining geological confidence.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“106,000”
Context: B (South)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 106000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 20000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 288000Grade: 182Grade Unit: mg/LContained Metal: 54000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:d2b6f31e9d260b693104
- Deposit or zone
- C (South)
Resource Data
- Category
- indicated
- Tonnes
- 288000
- Grade
- 182
- Grade Unit
- mg/L
- Contained Metal
- 54000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone C (South) contributes to the overall indicated resource, reflecting positive geological understanding.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“288,000”
Context: C (South)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 288000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 54000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 361000Grade: 232Grade Unit: mg/LContained Metal: 68000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:84ed3989591181476064
- Deposit or zone
- A (North)
Resource Data
- Category
- indicated
- Tonnes
- 361000
- Grade
- 232
- Grade Unit
- mg/L
- Contained Metal
- 68000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone A (North) adds to the overall indicated resource, with a good lithium grade.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“361,000”
Context: A (North)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 361000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 68000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 561000Grade: 241Grade Unit: mg/LContained Metal: 105000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:9648beb6f0f5328698dc
- Deposit or zone
- B (North)
Resource Data
- Category
- indicated
- Tonnes
- 561000
- Grade
- 241
- Grade Unit
- mg/L
- Contained Metal
- 105000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone B (North) shows a significant increase in tonnage and a good lithium grade.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“561,000”
Context: B (North)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 561000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 105000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 406000Grade: 182Grade Unit: mg/LContained Metal: 76000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:ab218183c56133774342
- Deposit or zone
- C (North)
Resource Data
- Category
- indicated
- Tonnes
- 406000
- Grade
- 182
- Grade Unit
- mg/L
- Contained Metal
- 76000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone C (North) contributes to the overall indicated resource, reflecting positive geological understanding.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“406,000”
Context: C (North)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 406000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 76000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 501000Grade: 182Grade Unit: mg/LContained Metal: 94000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:23a28f7eddb963942dc2
- Deposit or zone
- D (North)
Resource Data
- Category
- indicated
- Tonnes
- 501000
- Grade
- 182
- Grade Unit
- mg/L
- Contained Metal
- 94000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone D (North) adds to the overall indicated resource, maintaining geological confidence.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“501,000”
Context: D (North)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 501000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 94000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 552000Grade: 192Grade Unit: mg/LContained Metal: 104000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:58d72878d33ed3f682dc
- Deposit or zone
- K21
Resource Data
- Category
- indicated
- Tonnes
- 552000
- Grade
- 192
- Grade Unit
- mg/L
- Contained Metal
- 104000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for zone K21 contributes to the overall indicated resource, reflecting positive geological understanding.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“552,000”
Context: K21
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 552000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 104000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 647000Grade: 242Grade Unit: mg/LContained Metal: 122000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:33dfb4611d3e1c9f2a70
- Deposit or zone
- Under Measured ABC 400 – 600
Resource Data
- Category
- indicated
- Tonnes
- 647000
- Grade
- 242
- Grade Unit
- mg/L
- Contained Metal
- 122000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for Under Measured ABC 400-600 shows a significant increase in tonnage and a good lithium grade.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“647,000”
Context: Under Measured ABC 400 – 600
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 647000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 122000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 308000Grade: 242Grade Unit: mg/LContained Metal: 58000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:9405d26bc12c5a63075a
- Deposit or zone
- Under Measured Fan 400 – 600
Resource Data
- Category
- indicated
- Tonnes
- 308000
- Grade
- 242
- Grade Unit
- mg/L
- Contained Metal
- 58000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The indicated resource for Under Measured Fan 400-600 adds to the overall indicated resource, maintaining geological confidence.
Positive factors
- Increased indicated resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“308,000”
Context: Under Measured Fan 400 – 600
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 308000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 58000 against 8189000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 3998000Contained Metal: 751000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:a681987b2243c3a96e7d
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 3998000
- Contained Metal
- 751000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 1539000
- Prior Contained Metal
- 8189000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The total indicated resource shows an exceptional increase, significantly de-risking the project and providing a strong basis for reserves.
Positive factors
- Exceptional increase in total indicated resource tonnage
- High confidence category
Evidence · table
“3,998,000”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 3998000 against 1539000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 751000 against 8189000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 751000 from 8189000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedKachi · lithiumTonnes: 8189000Contained Metal: 1539299Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:681a06d5d5e9e78f1b41
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 8189000
- Contained Metal
- 1539299
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2327000
- Prior Contained Metal
- 12380000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The combined Measured and Indicated resource shows an exceptional increase, significantly de-risking the project and providing a strong basis for reserves.
Positive factors
- Exceptional increase in combined Measured and Indicated resource tonnage
- High confidence category
Evidence · table
“8,189,000”
Context: Combined Measured + Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 8189000 against 2327000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1539299 against 12380000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 1539299 from 12380000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 305000Grade: 185Grade Unit: mg/LContained Metal: 57000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:9ec91e021ef0d4b925e1
- Deposit or zone
- A
Resource Data
- Category
- inferred
- Tonnes
- 305000
- Grade
- 185
- Grade Unit
- mg/L
- Contained Metal
- 57000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The inferred resource for zone A contributes to the overall inferred resource, indicating potential for future upgrades.
Positive factors
- Increased inferred resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“305,000”
Context: A
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 305000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 57000 against 11074000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 126000Grade: 191Grade Unit: mg/LContained Metal: 24000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:d88abe1c6be60227a814
- Deposit or zone
- B
Resource Data
- Category
- inferred
- Tonnes
- 126000
- Grade
- 191
- Grade Unit
- mg/L
- Contained Metal
- 24000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The inferred resource for zone B adds to the overall inferred resource, maintaining exploration potential.
Positive factors
- Increased inferred resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“126,000”
Context: B
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 126000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 24000 against 11074000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 469000Grade: 218Grade Unit: mg/LContained Metal: 88000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:c43aedf6cd55dec7b6ca
- Deposit or zone
- C
Resource Data
- Category
- inferred
- Tonnes
- 469000
- Grade
- 218
- Grade Unit
- mg/L
- Contained Metal
- 88000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The inferred resource for zone C contributes to the overall inferred resource, indicating potential for future upgrades.
Positive factors
- Increased inferred resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“469,000”
Context: C
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 469000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 88000 against 11074000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 1147000Grade: 232Grade Unit: mg/LContained Metal: 216000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:74cebd550a8457aa4b5a
- Deposit or zone
- Fan North
Resource Data
- Category
- inferred
- Tonnes
- 1147000
- Grade
- 232
- Grade Unit
- mg/L
- Contained Metal
- 216000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The inferred resource for Fan North shows a significant increase in tonnage, adding to the project's overall potential.
Positive factors
- Significant increase in inferred resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“1,147,000”
Context: Fan North
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1147000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 216000 against 11074000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 327000Grade: 239Grade Unit: mg/LContained Metal: 62000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:5f9c34763937c8c52b85
- Deposit or zone
- Fan South
Resource Data
- Category
- inferred
- Tonnes
- 327000
- Grade
- 239
- Grade Unit
- mg/L
- Contained Metal
- 62000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The inferred resource for Fan South contributes to the overall inferred resource, indicating potential for future upgrades.
Positive factors
- Increased inferred resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“327,000”
Context: Fan South
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 327000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 62000 against 11074000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 513000Grade: 193Grade Unit: mg/LContained Metal: 96000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:f98dfd4c6eedb860f67b
- Deposit or zone
- Under volcano
Resource Data
- Category
- inferred
- Tonnes
- 513000
- Grade
- 193
- Grade Unit
- mg/L
- Contained Metal
- 96000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The inferred resource for Under volcano adds to the overall inferred resource, maintaining exploration potential.
Positive factors
- Increased inferred resource tonnage
- Good grade for lithium brine deposit
Evidence · table
“513,000”
Context: Under volcano
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 513000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 96000 against 11074000 previously
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredKachi · lithiumTonnes: 2885000Contained Metal: 542000Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:e48951b52e1977f3e170
- Deposit or zone
- Total
Resource Data
- Category
- inferred
- Tonnes
- 2885000
- Contained Metal
- 542000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-05-01
- Prior Tonnes
- 2082000
- Prior Contained Metal
- 11074000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The total inferred resource shows an increase, indicating continued exploration potential for the project.
Positive factors
- Increased total inferred resource tonnage
- Adds to overall project potential
Evidence · table
“2,885,000”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 2885000 against 2082000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 542000 against 11074000 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 542000 from 11074000
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenKachi · lithiumTonnes: 23310Grade: 270Grade Unit: mg/LContained Metal: 4380Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:920567a15897c143d394
- Deposit or zone
- 1
Resource Data
- Category
- proven
- Tonnes
- 23310
- Grade
- 270
- Grade Unit
- mg/L
- Contained Metal
- 4380
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The proven reserve for year 1 demonstrates high confidence in the economic viability of this portion of the resource.
Positive factors
- Proven reserve category indicates high confidence
- Good average lithium grade
Evidence · table
“23,310”
Context: Proved 1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenKachi · lithiumTonnes: 150850Grade: 270Grade Unit: mg/LContained Metal: 28360Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:20c0bfb1328c8ba32ee2
- Deposit or zone
- 2 – 7
Resource Data
- Category
- proven
- Tonnes
- 150850
- Grade
- 270
- Grade Unit
- mg/L
- Contained Metal
- 28360
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The proven reserve for years 2-7 adds substantial high-confidence tonnage to the project's economic base.
Positive factors
- Significant proven reserve tonnage
- Consistent high average lithium grade
Evidence · table
“150,850”
Context: Proved 2 – 7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableKachi · lithiumTonnes: 452540Grade: 267Grade Unit: mg/LContained Metal: 85060Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:c394b05338c1d08ef175
- Deposit or zone
- 8 – 25
Resource Data
- Category
- probable
- Tonnes
- 452540
- Grade
- 267
- Grade Unit
- mg/L
- Contained Metal
- 85060
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The probable reserve for years 8-25 provides a significant long-term economic base for the project, extending its mine life.
Positive factors
- Large probable reserve tonnage
- Consistent high average lithium grade
Evidence · table
“452,540”
Context: Probable 8 – 25
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableKachi · lithiumTonnes: 626700Contained Metal: 117800Contained Unit: tView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Michael Gabora
- Resource group id
- resource:a2f1deb088f3440cdfe0
- Deposit or zone
- 1 – 25
Resource Data
- Category
- probable
- Tonnes
- 626700
- Contained Metal
- 117800
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The total reserve for the 25-year mine life demonstrates the project's robust economic foundation and longevity.
Positive factors
- Substantial total reserve tonnage
- Long mine life supported by reserves
Evidence · table
“626,700”
Context: Total 1 – 25
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
pilot plantKachi · lithiumRecovery: 90 %Head Grade: 249Head Grade Unit: mg/LView all detailsHide details
Identity
- Project
- Kachi
- Commodity
- lithium
- Ticker
- LKE
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- ion exchange
- Sample
- Lilac Gen 4 IX technology improvements
Recovery
- Recovery
- 90 %
- Recovery Basis
- actual_test
- Head Grade
- 249
- Head Grade Unit
- mg/L
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The 90% recovery rate achieved with Lilac Gen 4 IX technology represents a significant improvement and positive metallurgical outcome for the project.
Positive factors
- High recovery rate for lithium
- Significant improvement over original DFS
- Pilot scale testwork indicates maturity
Evidence · text
“Lilac Gen 4 IX technology improvements • ~90% recovery rate (+13% vs. Original DFS)”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90% is at or above the exceptional band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.