Written By: Jonathan Jackson via Catalyst Hunter - (catalysthunter.com) We invested in Latin Resources (ASX:LRS) in November 2020 and continue to maintain a significant holding.
We invested as we liked the potential in LRS’ halloysite/kaolin project. We sat on the sidelines as Andromeda Metals rose to a $496M market cap off the back of its impressive halloysite resource. We took a position in LRS as we are hoping it can replicate similar success to Andromeda o
ASX: LRS - Latin Resources delivers impressive results at Noombenberry project We speak to Chris Gale, Executive Director of @LatinRes to discuss the company's recent results. #LatinResources #LRS #Noombenberryproject #Noombenberry #mining
Latin Resources' (LRS) latest testwork results continue to show impressive grades and thickness at the Noombenberry Halloysite-Kaolin Project Results are showing consistent high-grade halloysite and ultra-bright white ISO-B values Interestingly, Noombenberry Project is showing some of Australia's highest-grade halloysite and kaolin assays Once all the results are received, Latin expects to release a maiden JORC resource next month Latin last traded at 5.3 cents per share Lati
Latin Resources Limited (ASX:LRS) has received the majority of the test-work results from the Noombenberry Halloysite-Kaolin Project, and management said today that the results have continued to show consistent high grade halloysite and ultra-bright white ISO-B values over significant widths close to surface. One of the features was hole NBAC119 that returned 26 metres at 24% halloysite, including 8 metres at 35% halloysite, and an individual 4 metres composite sample returni
The company is aiming to fast-track a maiden JORC-compliant resource estimate once all results are received and the estimate is expected to be released in May. Base Geology Leapfrog Model with basement granite in pink, target saprolite-kaolinite-halloysite clay layer in brown/tan and transported cover sequence in orange. Latin Resources Ltd (ASX:LRS) (FRA:XL5) ongoing test results from the Noombenberry Project in Western Australia are showing some of the highest grade halloys
“We are now debt-free and in a very healthy financial position and we look forward to progressing our projects in 2021 to the next level of development,” says executive director. Latin Resources Ltd (ASX:LRS) (FRA:XL5) has recorded an after-tax profit of $3.5 million for 2020, an impressive 257% turnaround on the $5.5 million loss suffered in 2019. The company also boosted its net assets to $11 million, a 1,592% improvement on 2019, and cash reserves of $4.5 million, compared
Latin Resources Limited (ASX:LRS) has released its annual report the year ended 31 December 2020, announcing that the company is debt free and in a very healthy financial position as it looks forward to progressing its projects in 2021 to the next level of development. The highlights are outlined below: The consolidated profit after tax of the company for the year ended 31 December 2020 was $3.5 million (2019: loss of $5.5 million). The net assets of LRS have increased to $11