Latin Resources outlines developments planned for 2021

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 million (2019: net assets deficiency of $736,824).

  • The company has a strong cash position of $4.5 million at 31 December 2020 (2019: $733,282) which subsequently has been further bolstered from the proceed of the exercise of LRSOC options by option holders to date.

Link: https://finfeed.com/small-caps/mining/latin-resources-outlines-developments-planned-2021/

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LATIN RESOURCES AUSTRALIA
Unit 3, 32 Harrogate Street
West Leederville, Western Australia 6007

(P) +61 8 6117 4798
(E) info@latinresources.com.au
(W) www.latinresources.com.au

PERUVIAN LATIN RESOURCES S.A.C.
Calle Cura Bejar 190. Oficina 303, San Isidro, Lima Peru

(P) +51 1 421 2009
(E) info@latinresources.com.au
(W) www.latinresources.com.au

RECURSOS LATINOS S.A
Maipú 1210 Piso 8 (C1006ACT) CABA, 

Buenos Aires, Argentina

(P) +54 11 4872 8142
(E) info@latinresources.com.au
(W) www.latinresources.com.au