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 company has entered into a conditional Binding Terms Sheet to acquire Electric Metals Pty Ltd the 100% owner of the Noombenberry Halloysite Project near Merredin, WA, and the Big Grey Silver-Lead Project in the Paterson region, WA. The company is actively progressing its Copper Porphyry MT03 project in the Ilo region with its joint venture partner First Quantum Minerals Ltd.
The Company has also secured over 173,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca and San Luis Provinces, Argentina. The Company has also assembled a portfolio of lithium projects in Brazil.
Key points about Latin Resources
Combined concessions of over 173,000 hectares - LRS largest pegmatite landholding in Argentina.
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.
Pegmatite outcrops have been identified by remote sensing and followed up with field work inside the asset areas in preparation for campaign drilling and rapid resource estimation and project development once drill permits approved.
There are also a number of historical spodumene mines throughout other provinces that LRS plan to acquire or JV
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).