Lake Resources (LKE) Q1 2027 TU earnings summary

Executive summary

• Received the Catamarca Ministry of Mining’s Environmental Impact Declaration (DIA) for Kachi, clearing a major permitting milestone and enabling the project to enter FEED.

• Kachi is described as one of few fully permitted, large-scale independent greenfield lithium brine projects at this stage and South America’s first commercial-scale DLE project permitted for reinjection.

Financial highlights

• Quarter-end liquidity was $10.1 million, including currencies in AUD, USD and Argentine pesos, versus $6.7 million at 30 June 2026 and $10.7 million at 31 March 2026.

• Raised $7.9 million from issuing 157.5 million shares through the ATM during the quarter.

• Exploration and evaluation cash outflow was approximately $1.09 million, primarily for the DIA, power alternatives and transition to FEED.

Outlook and guidance

• FEED will optimise execution schedules and determine final capital costs; evaluation of potential engineering contractors is ongoing.

• Power discussions cover two grid-based alternatives, with solar and battery storage also under evaluation; the goal is an economical solution with a small environmental footprint.

• A well-advanced Kachi RIGI application is expected to be submitted soon.

• Strategic partner and offtaker discussions continue across India, Korea, Japan, Europe and the U.S.; new parties have joined Kachi’s virtual data room.