CATALYST ALERT: LRS to Drill for Halloysite, Hoping to Emulate Some of ADN’s 700% Run
Latin Resources (ASX:LRS) is just days away from starting its maiden 2500m aircore drilling program at its Halloysite /Kaolin project in WA.
LRS is fully funded for this drill program.
The project presents a compelling opportunity as LRS will be drill testing one of Australia’s few known occurrences of ultra-high-grade halloysite – a naturally occurring nanotube.
One of the best known halloysite companies on the ASX is Andromeda Metals (ASX: ADN), a stock that has delivered a 700%+ return since September 2020.
ADN is currently capped at over $620M and is developing one of the world’s largest known high purity halloysite-kaolin reserves and resources in South Australia.
LRS’s WA project has very similar geology to ADN projects in South Australia, and the company will soon understand more about the potential of its ground in this drilling campaign.
LRS is currently capped at $31M, and aside from the halloysite project, has a number of other assets under its belt......
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