# LKE: Investor Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151701 Publisher: asx Original announcement: 2026-10-13T01:47:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T02:11:25.173Z Atlas analysis updated: 2026-10-13T02:11:25.173Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant project economics disclosed \(NPV, IRR\) - Positive factor: Resource and reserve updates show substantial growth - Positive factor: Key permitting milestone achieved \(EIA approval\) - Positive factor: Advanced metallurgical technology improvements \(Lilac Gen 4 IX\) - Positive factor: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Reserve** Polarity: positive Definition: 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 Reserve** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Recovery** Polarity: positive Story-specific tag Definition: 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 Complete** Polarity: positive Story-specific tag Definition: 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 Resource** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-1) Kachi · lithium #### 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 factor: Significant increase in measured resource tonnage compared to prior estimate - Positive factor: Good grade for lithium brine deposit Evidence · table > 901,000 Context: A #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 169000 against 4191000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-2) Kachi · lithium #### 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 factor: Increased measured resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 470,000 Context: B #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 88000 against 4191000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-3) Kachi · lithium #### 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 factor: Increased measured resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 629,000 Context: C to 400 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 118000 against 4191000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-4) Kachi · lithium #### 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 factor: Significant increase in measured resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 1,233,000 Context: Fan West to 400 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 1233000 against 788000 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 232000 against 4191000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-5) Kachi · lithium #### 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 factor: Increased measured resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 958,000 Context: K24 – K25 below 400 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 958000 against 788000 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 180000 against 4191000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-6) Kachi · lithium #### 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 factor: Exceptional increase in total measured resource tonnage - Positive factor: High confidence category Evidence · table > 4,191,000 Context: Total #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 4191000 against 788000 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 788000 against 4191000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-7) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 269,000 Context: A \(South\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 50000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-8) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 106,000 Context: B \(South\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 20000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-9) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 288,000 Context: C \(South\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 54000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-10) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 361,000 Context: A \(North\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 68000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-11) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 561,000 Context: B \(North\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 105000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-12) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 406,000 Context: C \(North\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 76000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-13) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 501,000 Context: D \(North\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 94000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-14) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 552,000 Context: K21 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 104000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-15) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 647,000 Context: Under Measured ABC 400 – 600 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 122000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-16) Kachi · lithium #### 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 factor: Increased indicated resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 308,000 Context: Under Measured Fan 400 – 600 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 58000 against 8189000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-17) Kachi · lithium #### 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 factor: Exceptional increase in total indicated resource tonnage - Positive factor: High confidence category Evidence · table > 3,998,000 Context: Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 3998000 against 1539000 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 751000 against 8189000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-18) Kachi · lithium #### 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 factor: Exceptional increase in combined Measured and Indicated resource tonnage - Positive factor: High confidence category Evidence · table > 8,189,000 Context: Combined Measured + Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 8189000 against 2327000 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1539299 against 12380000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-19) Kachi · lithium #### 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 factor: Increased inferred resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 305,000 Context: A #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 57000 against 11074000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-20) Kachi · lithium #### 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 factor: Increased inferred resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 126,000 Context: B #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 24000 against 11074000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-21) Kachi · lithium #### 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 factor: Increased inferred resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 469,000 Context: C #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 88000 against 11074000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-22) Kachi · lithium #### 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 factor: Significant increase in inferred resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 1,147,000 Context: Fan North #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 216000 against 11074000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-23) Kachi · lithium #### 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 factor: Increased inferred resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 327,000 Context: Fan South #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 62000 against 11074000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-24) Kachi · lithium #### 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 factor: Increased inferred resource tonnage - Positive factor: Good grade for lithium brine deposit Evidence · table > 513,000 Context: Under volcano #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 96000 against 11074000 previously **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-25) Kachi · lithium #### 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 factor: Increased total inferred resource tonnage - Positive factor: Adds to overall project potential Evidence · table > 2,885,000 Context: Total #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 2885000 against 2082000 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 542000 against 11074000 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-26) Kachi · lithium #### 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 factor: Proven reserve category indicates high confidence - Positive factor: Good average lithium grade Evidence · table > 23,310 Context: Proved 1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-27) Kachi · lithium #### 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 factor: Significant proven reserve tonnage - Positive factor: Consistent high average lithium grade Evidence · table > 150,850 Context: Proved 2 – 7 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-28) Kachi · lithium #### 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 factor: Large probable reserve tonnage - Positive factor: Consistent high average lithium grade Evidence · table > 452,540 Context: Probable 8 – 25 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-resource-facts-29) Kachi · lithium #### 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 factor: Substantial total reserve tonnage - Positive factor: Long mine life supported by reserves Evidence · table > 626,700 Context: Total 1 – 25 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 plant [Link to this fact](https://atlas-staging.minestarters.com/news/lke-investor-presentation--42dc8a46-e347-4259-a8e9-73324bda59fd#fact-metallurgical-facts-30) Kachi · lithium #### 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 factor: High recovery rate for lithium - Positive factor: Significant improvement over original DFS - Positive factor: 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 Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **High Recovery** Polarity: positive Definition: 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.