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Last A$0.0050 AUD
Change Today 0.00 / 0.00%
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As of 1:36 AM 09/25/15 All times are local (Market data is delayed by at least 15 minutes).

lake resources nl (LKE) Snapshot

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lake resources nl (LKE) Details

Lake Resources N.L. engages in mineral exploration activities in Pakistan. It focuses on exploring for copper and gold. The company was founded in 1997 and is based in Newstead, Australia.

Founded in 1997

lake resources nl (LKE) Top Compensated Officers

Managing Director, Company Secretary and Exec...
Total Annual Compensation: --
Exploration Director and Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

lake resources nl (LKE) Key Developments

Colt Resources Middle East Enters into Shareholders Agreement with Lake Resources N.L

Colt Resources Middle East has entered into a shareholders agreement further to signature of an exclusivity agreement in May 2014 with Lake Resources N.L. This JV Agreement sets out the terms and conditions governing the joint venture Pakistani company called Chagai Resources that CRME and Lake Resources have created. Chagai Resources has now been awarded the three licenses formerly held by Lake Resources and will develop these license areas in the Chagai Hills in Balochistan, Pakistan. These licenses cover three primary exploration areas, as indicated in the accompanying map below in Chagai Hills, Balochistan, Pakistan an area known for world class assets such as the Reko Diq deposit. The three Chagai Resources licenses are at Amalaf, Dasht-i-Gauran and Koh-i-Sultan. The Amalaf area adjoins the northern boundary of the Saindak copper-gold mine that has been operating for over 20 years. The exploration target is large tonnage: low grade copper amenable to low-cost open-pit mining and trucking to the adjacent Saindak mine and smelter operated by China Metallurgical Construction Corporation, a private Chinese entity. The Dasht-i-Gauran area is situated to the west of copper mineralisation reported by Tethyan Copper Company from drilling at its Sor Baroot Prospect at the Reko Diq Project and covers a number of possible alteration zones identified from interpretation of satellite images. At Koh-i-Sultan, CRME will be exploring for gold and copper associated with an extensive system of intensely altered breccia and volcanics covering an area of more than five square kilometres on the margin of an extinct volcanic caldera.

Lake Resources NL Reports Earnings Results for the Half Year Ended December 31, 2014

Lake Resources NL reported earnings results for the half year ended December 31, 2014. For the half year, the company reported loss before income tax expense was AUD 57,669 against AUD 90,427 a year ago. Loss attributable to members of the company was AUD 57,669 or 0.000 cents basic and diluted per share against AUD 90,427 or 0.013 cents basic and diluted per share a year ago. Net cash used in operating activities was AUD 41,497 against AUD 48,199 a year ago.

Lake Resources NL, Annual General Meeting, Nov 28, 2014

Lake Resources NL, Annual General Meeting, Nov 28, 2014., at 15:00 E. Australia Standard Time. Location: registered office of the company at 3-7 Maud Street. Agenda: To receive, consider and adopt the financial reports of the company for the year ended 30 June, 2014 and the reports by directors and auditors thereon; to elect directors; to receive, consider and adopt the remuneration report of the company for the year ended 30 June, 2014; and to transact any business which may be legally brought forward.


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