Lake Resources NL progressed drilling at Lake's 100% owned Cauchari Lithium Brine Project. Drilling has encountered high fluid pressures downhole, which are encouraging, but to date have prevented the hole reaching the targeted horizons, so that representative brine samples have not yet been able to be taken. Nevertheless, it is encouraging that drilling has encountered brine within sandy horizons, demonstrating that the large Cauchari brine-producing basin extends itself well into the company's leases. Drill hole #3 is now underway and is currently at 140 metres depth (Figure 3). The diamond drill rig that attempted to drill the second hole has been removed and adjusted drilling methods are being reviewed. High grade third party drill results continue to be reported close to the lease boundary, including 611mg/L lithium with high flow rates from a deeper sand unit reported by Orocobre/Advantage Lithium. This is also very encouraging for Lake.