Lake Resources NL strengthens its operational capacity in Argentina with the appointment of a COO

“Gautam [Parimoo] offers a measured and collaborative approach to project development with extensive experience in South America, particularly in relationships with local communities and local engagement, ”said MD.

Lake Resources NL (ASX: LKE, OTCQB: LLKKF) strengthened its operational capacity in Argentina with the appointment of Gautam Parimoo as Chief Operating Officer (COO).

Parimoo’s immediate responsibility is to drive the company’s Kachi lithium brine project in Argentina from feasibility through construction and commissioning to steady-state production.

He notably comes to Lake from a successful experience as a project manager, having carried out the studies, construction and pre-production / start-up of several large-scale projects in South America.

“Inappreciable” experience

Lake Managing Director Steve Promnitz said: “Gautam offers a measured and collaborative approach to project development with extensive experience in South America, particularly in relationships with local communities and local engagement”

“This will be invaluable as Lake progresses towards achieving the Sustainable Development Goals as part of Kachi’s lead in large-scale lithium production. “

“Lake continues to expand its team to advance its development of clean lithium amid growing demand for sustainably produced battery grade lithium, with the need for such a product highlighted by the COP26 conference and the trend global movement towards electrification and decarbonization of transport and energy. “

South American experience

The South American experience of Parimoo includes the expansion of Collahuasi Phase III (Glencore-Anglo American-Mitsui), the construction of the greenfields of Mina Justa (Marcobre) and the sulphides of Yanacocha (Newmont) among others.

He has worked in Latin America for over 25 years and is fluent in Spanish.

Parimoo has a background in Electrical Engineering (University of Thapar) and is a Certified Six Sigma Black Belt (Qualtec) and Certified Project Management Professional (Australian College of Project Management).

About the company

Lake Resources is a clean lithium developer using “clean” direct mining technology for the production of sustainable, high purity lithium from its flagship Kachi project in Argentina’s lithium triangle, among other projects covering 200,000 hectares .

The Kachi project is a large 70,000 hectare lease with an expandable resource of 4.4 million tonnes of lithium carbonate equivalent of which only 20% is used for 25 years of production at 25,500 tonnes per year.

Today, shares were up 7% to A $ 0.995, approaching the record A $ 1.00 reached on October 26, while the pre-opening market cap was around A $ 1.115 billion.