Salinas Lithium Project,
Brazil

Latin has invested significant time and geological resources investigating the lithium potential of Bananal valley region of Minas Gerais, which hosts the Eastern Brazilian pegmatite province.

The Salinas Project is located 10km outside the town of Salinas (population 40,000), accessible by major sealed roads. The Project is located in the north-east of Minas Gerais, 600km north-east of Belo Horizonte.

Latin has two prospect areas at the Salinas Project, with the Bananal Valley covering 1,250 hectares and the Salinas South prospect covering 4,088 hectares.

Latin’s geologists have mapped part of the Salinas South prospect and identified outcropping pegmatites containing spodumene over an area of more than 4km².

Initial results from regional reconnaissance stream sediment sampling of the Salinas South prospect to the southwest has highlighted an anomalous lithium corridor extending across the prospect. Initial outcrop sampling and mapping has confirmed the presence of spodumene bearing pegmatites within the new tenements, with two adjacent samples sample returning grades of 2.71% Li₂O and 1.45% Li₂O respectively.

Several high priority target areas have been identified within the Salinas South Project area, where Latin has undertaken systematic mapping and sampling of these focus areas with the aim of identifying drill targets.

Drilling is planned to commence in February 2022, assessing 14 drill sites at the Bananal Valley prospect, with drilling at Salina South from Q2 2022.

The proposed drilling campaign will be the first drilling to test this highly anomalous and outcropping mineralised trend in an under explored region that currently contains 100% of the Brazil’s official lithium reserves.

Latin Resources is particularly excited by the opportunities this may present in the future for battery grade lithium hydroxide production. Regional success story Sigma Lithium is the most active explorer in the region, currently in development of a world-class lithium mineral resource base, which currently stands at 45.7Mt @1.38% Li₂O. Sigma is focused on 10 high-grade hardrock lithium pegmatites, nine of which were past producing lithium mines, yet have reported over 200 pegmatites within their tenure.

Whilst not far away, Companhia Brasileira De Lítio is actively mining spodumene pegmatites, producing a spodumene concentrate which is then transferred to a chemical plant in Divisa Alegre, Minas Gerais, where it is transformed into industrial grade lithium hydroxide.

The state of Minas Gerais is well serviced by infrastructure, roads, hydroelectric power, water and the port of Vitoria in the neighbouring Espirito Santo State. The province is particularly efficient in its issuing of drilling permits and environmental approvals.