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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Rare earths & specialist minerals
Latin Resource's largest shareholder, founder of Integra Capital Jose Luis Manzano, has doubled his share holding in the business with an early options exercise, delivering $1.2 million to the company's coffers and demonstrating his continu
Latin’s drilling campaign will continue to focus on the Southern Target, where the company intends to soon commence infill and step-out drilling.
Rare earths & specialist minerals
“We have been in detailed discussions with a number of potential offtake partners for both Cloud Nine kaolinite and halloysite products, and the shipment of bulk product samples from the planned test-pit will be a significant step forward,"
Rare earths & specialist minerals
Travel stocks may well have been higher as, in February, 300,000 people entered Australia from overseas – the largest number of travellers since March 2020 (effectively two years ago).
“The whole team at Latin Resources is ecstatic about the continual positive drilling results from our Salinas Lithium Project,” says MD.
"We are continuing to intersect the three separate pegmatites in the drilling, but importantly, we have indications that these pegmatites are increasing in thickness along strike to the south, as well as down dip," MD Chris Gale said.
“This innovative funding facility provided by our funding partner, Lind, provides the company necessary working capital to continue to drill the newly discovered spodumene pegmatites in our Brazilian portfolio without the need for an equity
Rare earths & specialist minerals
Investors can register on the website for regular updates, invitations to webinars and presentations with managing director Chris Gale and exploration manager Tony Greenaway.
Latin plans to drill 14 diamond holes, spanning 2,000 metres, in its first phase of drilling at the Salinas property.
Shares in local airlines and travel booking groups rallied on Monday after the announcement, and advanced further on Tuesday.
With the drill campaign set to commence in the coming days, Latin is preparing to explore a prolific lithium district.
Latin’s approach to ESG reporting revolves around a key mission statement: “Developing minerals to provide the planet with environmentally sustainable products.”
Rare earths & specialist minerals
A specialised drilling contractor has been secured to complete geotechnical drilling and metallurgical drilling, with drilling scheduled to commence in February
“We are confident the testing of multiple high priority targets at Salinas will deliver positive news over the next few months,” says MD.
Rare earths & specialist minerals
Latin Resources has solidified the Cloud Nine deposit, with more high-grade halloysite hits indicating good continuity of the resource. The company intends to leverage machine learning-based tools to more cost-effectively plan production an
As Solis gears up to hit the ASX on Christmas Eve, it’s finalising its initial public offering and giving Latin investors a chance to get in on the action by December 10.
“Our geological team is extremely keen to commence drilling in early 2022, testing multiple high priority targets at Salinas. In addition, the option agreement to acquire two tenements next door to Bananal Valley significantly increases the
Rare earths & specialist minerals
The three-year, $3.2 million project led by Professor Ravi Naidu and funded by Latin will kick-in during January 2022.
Rare earths & specialist minerals
The strong assays bolster confidence in the Cloud Nine deposit, inspiring Latin to expedite mining studies for the broader Noombenberry asset.
“The field team has identified significant spodumene outcrop that will potentially grow into a lithium mineral resource. The next step is to identify high profile lithium drill targets and commence drilling as soon as we can,” Gale said.
