Latin Resources Limited

Latin Resources Limited

Mining

West Leederville, WA 9,979 followers

Latin Resources is developing a low-cost, sustainable, tier one lithium operation in Minas Gerais, Brazil.

About us

Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, developing a low-cost, sustainable, tier one lithium operation in the premier mining jurisdiction of Minas Gerais, Brazil. The Company is focused on its flagship Salinas Lithium Project, where the Company has defined a Global Mineral Resource Estimate at its Colina Lithium Deposit* of 70.3Mt @ 1.3% Li2O, reported above a cut-off of 0.5% Li2O. The classification of this JORC MRE includes: • Colina MRE- 63.5Mt @ 1.3% Li2O (1.73Mt @ 1.47% Li2O Measured 39.29Mt @ 1.36% Li2O Indicated) 22.47Mt @ 1.21% Li2O Inferred. • Fog’s Block MRE- 6.8Mt @ 0.9% Li2O Inferred. The Company recently defined a Preliminary Economic Assessment (PEA)** which contemplates a proposed 3.6Mtpa standalone mining and processing operation over two phases. where the economics show after-tax NPV8% of A$3.6 billion (US$2.5 billion) and combined after-tax IRR of 132%. Latin also holds the Catamarca Lithium Project in Argentina and through developing these assets, aims to become one of the key lithium players to feed the world’s insatiable appetite for battery metals.

Website
http://www.latinresources.com.au
Industry
Mining
Company size
11-50 employees
Headquarters
West Leederville, WA
Type
Public Company
Specialties
Lithium, Cobalt, Copper, #Gold, #Halloysite, and #Kaolin

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