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 has drilled all holes required for its maiden resource estimate at the Brazilian project, which remains on track for release in December 2022.
Peter Oliver hails from Talison Lithium, which owns and operates the world’s largest lithium mine – Greenbushes in Western Australia.
The company’s diamond drilling campaign remains on track to deliver the prospect’s maiden lithium resource in December this year, with a third of the 100-hole program under its belt.
Rare earths & specialist minerals
Results of the test work show that simple heavy liquid separation was able to recover 78.72% of the lithium dioxide into a concentrate grading a very high 6.57% lithium dioxide.
Rare earths & specialist minerals
“We knew there were additional parallel pegmatite systems out to the west; getting these spodumene intersections confirms the very high prospectivity of the wider project area," exploration manager Tony Greenaway said.
Rare earths & specialist minerals
Latin expects to deliver its maiden JORC mineral resource for Colina by year’s end and complete the PEA by March 2023.
“We are very pleased with the progress being made on site in Brazil, with activity on multiple fronts including the systematic resource definition diamond drilling, and our latest results continuing to show excellent high-grade lithium inte
“We are very pleased to be able to secure this additional ground to the south of our Colina Prospect, where drilling shows that our high-grade pegmatites are open and continue to the south in this direction,” exploration manager Tony Greena
Rare earths & specialist minerals
Latin has moved to acquire the Peep O’Day gold prospect in the Lachlan Fold Belt of New South Wales, where previous exploration has indicated the presence of a high-grade gold structure.
Rare earths & specialist minerals
Even ahead of a planned resource update, Cloud Nine remains one of Australia’s largest underdeveloped kaolin-halloysite deposits.
All things considered, Latin believes the results highlight the upside potential for new pegmatite zones within the Colina prospect.
Rare earths & specialist minerals
“The more we drill at Colina, the more confident we are becoming that we are onto something very significant,” says exploration manager.
Rare earths & specialist minerals
Latin Resources intersected multiple zones of spodumene, visually estimated to contain over 20% mineralisation, in resource definition drilling at the Colina Prospect within the Bananal Valley Lithium Corridor.
“While this is early days in the large 25,000-metre campaign, the company is committed to fast-tracking the project toward the estimation of a maiden JORC mineral resource by the end of the year. We are also very pleased to be drilling at o
The expansion brings the explorer’s ground position in the iconic Bananal Valley district up to 6,230 hectares, where multiple drill targets have already been defined within a prospective lithium corridor.
“Based on what we have seen so far from the results of the current maiden diamond drilling, we are very confident that this tenement contains significant potential for high-grade lithium pegmatites. The next phase of drilling is aimed at pr
"We continue to receive exceptional assay results from our Bananal Valley Prospect. This continues to get more encouraging every day. We are also very excited to be commencing drilling at our new Monte Alto Prospect," says MD Chris Gale.
Rare earths & specialist minerals
Latin wants to secure a further two rigs, to take the total fleet to four rigs in Brazil. This will enable the company to rapidly establish project scale by escalating the drilling campaign with a focus on drilling at least 25,000 metres at
“These new assay results from the latest two holes drilled in the South Target Area of the Salinas Lithium Project, are once again extremely pleasing. We have now confirmed our initial observations that the logged lithium bearing pegmatites
“We are very pleased to have secured the Monte Alto tenement area, and we are very confident that this tenement contains additional drill-ready high-grade lithium pegmatites,” Latin Resources’ managing director Chris Gale said.
