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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