Lake Resources (LKE) Q4 2025 TU earnings summary

Executive summary

• Formed a special committee to evaluate strategic alternatives for the Kachi Lithium Brine Project, including potential sale, merger, or partnerships.

• Increased Measured and Indicated Resource by 10% to 8.2 Mt LCE, reinforcing Kachi as a major lithium asset.

• Advanced the addendum to the 2023 Kachi Phase One DFS, targeting updated cost estimates and operational efficiencies.

• Achieved a 40% reduction in cash expenditures for the quarter ended 30 June 2025 compared to the prior quarter.

• Maintained strong engagement with local authorities to progress environmental approvals and power supply agreements.

Financial highlights

• Liquidity stood at $12.37 million as of 30 June 2025, with no debt.

• Received $2.25 million via an At-the-Market Subscription Agreement, issuing 56 million shares at 4.0c per share.

• Payments to related parties totaled $0.41 million for the quarter, covering director fees and salaries.

Outlook and guidance

• Expects materially lower cash outgoings in calendar year 2025 versus 2024, with a projected 35% to 40% reduction.

• Completion of the Kachi DFS Addendum anticipated in Q3 2025, aiming for cost reductions and operational improvements.

• Final approval of the Exploitation EIA for Kachi anticipated in 2H2025, subject to regulatory review.