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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Latin Resources wholly-owned subsidiary has signed a definitive contract under Peruvian Law granting a rights assignment and earn-in option to transfer 70% ownership of its Ilo Este Project to Peruvian firm, Compañia Minera Zahena SA
The reduction of the sale price and elimination of any cash obligations to the vendor until completion of the Definitive Feasibility Study increases the ability of the Guadalupito Project to attract a potential joint venture partner.
Concerns about a Greek debt default have sent the ASX200 down 2.2% to 5,422.5. Find out which company has completed a Bankable Feasibility Study for its high purity alumina project and is now looking to secure funding.
The renegotiated $2.5 million convertible note has cleared the majority of the company’s debt off its balance sheet while deferring the balance for 18 months.
Zahena will pay US$1 million in cash and US$3 million in exploration in return for a 70% interest in the Ilo Este Project. This will place exploration drilling on a fast track which has already provided a taste of its potential as a massive
Advanced negotiations are underway with a number of parties to secure funding to continue exploration, details are expected within a week. Ongoing drilling at Ilo Este has seen the first hole intersect 200 metres of continuous copper and go
Latin Resources One2One Investor Presentation 27th November 2013
Latin Resources aims to commence mining planning and production at Guadalupito; commence detailed exploration and drilling programs at Ilo Norte and its 100% owned Ilo Concessions; as well as identifying iron ore projects in Brazil. Managin
The 1.465B tonne total inferred Heavy Mineral (HM) resource upgrade at Guadalupito iron and HM project has been achieved by Latin Resources in just two years. The scale of this resource upgrade places Latin further down the road to mi
The Guadalupito Iron Sands Project Scoping Study by Ausenco has given Latin Resources the confidence to continue drilling to upgrade Resources at the project and to consider going ahead with Pre-Feasibility studies. The scoping study outcom
