Latin Resources Limited
Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company with several mineral resource projects in Latin America and Australia. The Australian projects include the Yarara gold project in the NSW Lachlan Fold belt, Noombenberry Halloysite Project near Merredin, WA, and the Big Grey Project in the Paterson region, WA.
The company is also actively progressing its Copper Porphyry MT03 project in the Ilo region with its joint venture partner First Quantum Minerals Ltd. The Company recently signed a JV agreement with the Argentinian company Integra Capital to fund the next phase of exploration on its lithium pegmatite projects in Catamarca, Argentina.
Key points about Latin Resources
Major Joint Venture in progress with First Quantum Minerals (TSX: FM) on Peru copper project
Combined concessions of over 173,000 hectares - LRS largest pegmatite landholding in Argentina.
A Halloysite project located in Western Australia which presents a compelling opportunity as one of Australia’s few known occurrences of ultra-high-grade tubular Halloysite.
Catamarca drilling program proved high grade at depth.
Excellent Infrastructure -Close to main roads, power lines, rail roads, small cities and towns.
Mining friendly communities and active quarries provide advantages for exploration and mining companies.
LRS concessions strategically located in under-explored and unexplored ground throughout Argentina’s prime hard rock lithium districts.
The San Luis district has opportunity for short term production with a number of quartz and feldspar plants in the district and close to LRS concessions
LRS is spending significant time and geological resources investigating the lithium potential of Jequitinhonha valley region of Minas Gerais which hosts the Eastern Brazilian pegmatite province, home to Sigma Lithium and Companhia Brasileira de Lítio (CBL).