Latin Resources on cloud nine following impressive resource estimate

In a development that could lead to a significant share price rerating based on peer comparisons, Latin Resources Limited (ASX:LRS) has finalised the Maiden Inferred Mineral Resource for the 100% owned Noombenberry Halloysite-Kaolin Project where the company has named its first deposit the Cloud Nine Deposit.


A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75.


As indicated below, the Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin.

Link to full article: https://finfeed.com/small-caps/mining/latin-resources-cloud-nine-following-impressive-resource-estimate/

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