Latin Resources bags $1.5M for lithium exploration in Argentina
The company is acquiring the prized Geminis Mine and surrounding concessions.
Company
ASX:LRS
Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, with projects in South America and Australia, that is developing mineral projects in commodities that progress global efforts towards net zero emissions. The company is focused on its flagship Colina Lithium Project in the pro-mining district of Minas Gerais Brazil, where the company has defined a maiden mineral resource of 45.2 million tonnes at 1.32% lithium oxide, reported above a cut-off of 0.5% lithium oxide.
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The company is acquiring the prized Geminis Mine and surrounding concessions.
The halt will remain in place until Tuesday 10th October 2017.
Latin now has a unique opportunity to fast-track lithium carbonate production.
Latin Resources is advancing exploration quickly at Geminis and Don Gregorio.
The agreement is subject to regulatory approvals and due diligence.
The halt will remain in place until Wednesday 6th September 2017.
There is plenty of action in the small caps in afternoon trade.
The Geminis mine has been historically linked to lithium mining.
Latin’s Ilo Projects are located in a rich copper region.
The halt will remain in place until Thursday 20th July 2017.
Latin Resources shares have climbed 25% in afternoon trade.
Latin's goal remains to achieve a maiden JORC resource in the near-term.
Results continue to show potential to host lithium resources.
Chris Gale commented: "These first assays are extremely encouraging."
Latin Resources has applied for cobalt exploration ground in Argentina.
The halt will remain in place until Wednesday 8th March 2017.
Latin Resources is expecting assays shortly from its initial lithium drilling.
Visible spodumene has been encountered in all intercepts in the program to date.
Latin has also visually confirmed spodumene in drilling to date at Catamarca.