Latin Resources Vice President of Operations Tony Greenaway joined Steve Darling from Proactive to share news the company has announces a new updated JORC Measured, Indicated and Inferred Mineral Resource Estimate on the Colina Deposit. This includes a higher lithium tonnage and grade with 67% of the total resource now sitting in the Measured + Indicated category.
Greenaway telling Proactive Colina has increased by over 241% with 45 million tonnes representing a Lithium Carbonate Equivalent of 1,477,000 tonnes. These numbers are now supporting the need for a Preliminary Economic Assessment which is scheduled for completion by SGS in the third Quarter of 2023. The drilling will also continue at Colina with expansion of the overall footprint to the west and south-west this year with the balance of the 65,000 metre drilling campaign still to come.