This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsLatin Resources (LRS) 주식 개요라틴 리소스는 호주, 페루, 아르헨티나, 브라질에서 광산 프로젝트를 탐사하고 개발하는 회사입니다. 자세히 보기LRS 펀더멘털 분석스노우플레이크 점수가치 평가1/6미래 성장0/6과거 실적0/6재무 건전성4/6배당0/6위험 분석수익이 USD$1m 미만입니다(A$87K)cash runway 경력이 1년 미만입니다.향후 3년 동안 수익이 연평균 51.4% 감소할 것으로 예상됩니다.현재 수익성이 없으며 향후 3년 동안 수익을 낼 것으로 예상되지 않습니다.+ 위험 1건 추가모든 위험 점검 보기LRS Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.173.3k% 고평가 내재 할인율Est. Revenue$PastFuture-143m8m2016201920222025202620282031Revenue AU$8.3mEarnings AU$1.1mAdvancedSet Fair ValueView all narrativesLatin Resources Limited 경쟁사GR Engineering ServicesSymbol: ASX:GNGMarket cap: AU$877.0mSovereign MetalsSymbol: ASX:SVMMarket cap: AU$406.7mBrazilian Rare EarthsSymbol: ASX:BREMarket cap: AU$1.8bioneerSymbol: ASX:INRMarket cap: AU$445.8m가격 이력 및 성과Latin Resources 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가AU$0.1752주 최고가AU$0.2852주 최저가AU$0.11베타2.081개월 변동13.33%3개월 변동-11.69%1년 변동21.43%3년 변동372.22%5년 변동4,150.00%IPO 이후 변동-83.92%최근 뉴스 및 업데이트Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$58m free cash flow). Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Revenue is less than US$1m (AU$87k revenue, or US$59k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$30m net loss in 2 years). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding).New Risk • Sep 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Revenue is less than US$1m (AU$91k revenue, or US$61k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$17m net loss in 2 years). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).New Risk • Aug 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (6.7% increase in shares outstanding).Board Change • May 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 04New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$43m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$11m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (AU$371k sold).더 많은 업데이트 보기Recent updatesBoard Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$58m free cash flow). Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Revenue is less than US$1m (AU$87k revenue, or US$59k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$30m net loss in 2 years). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding).New Risk • Sep 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Revenue is less than US$1m (AU$91k revenue, or US$61k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$17m net loss in 2 years). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).New Risk • Aug 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (6.7% increase in shares outstanding).Board Change • May 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 04New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$43m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$11m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (AU$371k sold).New Risk • Apr 28New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$19m Forecast net loss in 3 years: AU$10m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$10m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (AU$371k sold).Breakeven Date Change • Apr 28No longer forecast to breakevenThe 2 analysts covering Latin Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$94.0m in 2026. New consensus forecast suggests the company will make a loss of AU$10.3m in 2026.공시 • Apr 11Latin Resources Limited, Annual General Meeting, May 30, 2024Latin Resources Limited, Annual General Meeting, May 30, 2024, at 11:00 W. Australia Standard Time. Location: 3/32 Harrogate Street West Leederville 6007 AustraliaRecent Insider Transactions • Mar 06Independent Non-Executive Chairman recently sold AU$371k worth of stockOn the 28th of February, David Vilensky sold around 2m shares on-market at roughly AU$0.21 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.공시 • Feb 16Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development CommitteeLatin Resources has appointed Peter Oliver as Executive Director and Chairman of the Development Committee, with immediate effect to proactively accelerate the Salina's Lithium Project into production. Mr. Oliver, who has been serving as a Non-Executive Director to the Board since October 2022, brings a wealth of experience and expertise to Latin Resources. With over two decades of experience in the lithium industry, Mr. Oliver's leadership roles have encompassed global mergers and acquisitions, financing, and managing mining operations. Most notably, he served as Chief Executive Officer /Managing Director of Talison Lithium, the owner and operator of the lithium mine, Greenbushes, in Western Australia. Mr. Oliver's background in Chemistry and extensive experience in the Western Australian Mining industry have been pivotal to his success. During his tenure at Talison, he held various key positions, including General Manager of Wodgina and Greenbushes, Chief Operating Officer, and Chief Executive Officer/Managing Director. Under his leadership, Talison Lithium experienced significant growth, including a successful IPO process that led to its listing on the Toronto Stock Exchange, substantial expansions, and eventual acquisition by Tianqi Lithium. As an advisor to Tianqi Lithium from 2013 until March 2022, Mr. Oliver played a crucial role in overseeing substantial expansions in Greenbushes lithium concentrate production capacity, and the establishment of Tianqi Lithium's Kwinana Lithium Hydroxide plant. Until June 2021, Mr. Oliver remained a Non-Executive Director of Talison Lithium, a joint venture between Tianqi Lithium and Albemarle Corp. Mr. Oliver's extensive skill set in the lithium sector, coupled with his experience in leading corporate teams, managing public companies, and acting in advisory capacities for corporate structures, global mergers and acquisitions, and financing, will significantly strengthen Latin's position to become a global Tier one lithium producer. His appointment reflects Latin Resources' commitment to driving the next phase of growth, focusing on advancing the Salinas Lithium Project in Brazil.New Risk • Feb 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$196k revenue, or US$128k). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 3 analysts covering Latin Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$109.9m in 2026. Average annual earnings growth of 72% is required to achieve expected profit on schedule.New Risk • Dec 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 9.6% per year for the foreseeable future. Revenue is less than US$1m (AU$196k revenue, or US$128k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$13m net loss in 3 years). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding).Buying Opportunity • Nov 06Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be AU$0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to decline by 38% in the next 2 years.공시 • Oct 14Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million.Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million on October 13, 2023. Under the terms of agreement, Maverick will issue 6,000,000 fully paid ordinary shares at a deemed issue price of AUD 0.20 per share and 5,000,000 options to acquire Shares of Maverick exercisable at AUD 0.30 on or before the date which is 5 years from the date of issue of the Options. Maverick will issue a further 1,000,000 Shares to the Company at a deemed issue price of AUD 0.20 per Share to extinguish an inter-company loan payable by project to Latin. The transaction is subject to completion of financial, legal and technical due diligence by Maverick and Maverick completing a capital raising of at least AUD 4,000,000 and receiving conditional approval for admission to the official list of the ASX.Recent Insider Transactions • Sep 01Independent Non-Executive Director recently sold AU$150k worth of stockOn the 24th of August, Brent Jones sold around 423k shares on-market at roughly AU$0.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.New Risk • Jun 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$186k revenue, or US$124k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$19m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding).Breakeven Date Change • Apr 08Forecast to breakeven in 2025The 3 analysts covering Latin Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$23.0m in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.공시 • Feb 18Latin Resources Limited Provides the Latest Assay Results and an Update on the Progress of the 2023 Drilling Campaign At the Company's 100% Owned Colina Lithium DepositLatin Resources Limited to provide the latest assay results and an update on the progress of the 2023 drilling campaign at the Company's 100% owned Colina Lithium Deposit ("Colina") located in the state of Minas Gerais, Brazil (Appendix 1). Results from drilling completed in late 2022 have been returned from the laboratory and continue to show good correlation with the JORC 2012 Indicated and Inferred Mineral Resource Estimate ("MRE"). Results include holes from both within the existing Colina Deposit MRE model, and the Colina West area which is currently outside of the MRE block model. Recent intersections include: SADD061: 20.70m @ 1.51% Li2O from 159.00m; SADD062: 10.00m @ 1.13% Li2O from 149.51m, SADD063: 4.03m @ 1.60% Li2O from 125.12m and: 6.79m @ 1.52% Li2O from 267.37m, SADD070: 5.03m @ 1.64% Li2O from 192.97m and 5.52m @ 1.50% Li2O from 292.03m and, 16.43m @ 1.69% Li2O from 323.57m and, 18.89m @ 1.56% Li2O from 356.91m. The Company reported that the 2023 drilling campaign is gathering momentum with seven diamond drilling rigs currently onsite drilling, with the final rig due in the coming weeks. Drilling is on track with over 3,000m of the planned 65,000m drilling program already completed. Currently six of the seven drilling rigs are focused on the Colina West areas, where the logging of drill core continues to show the presence of thick spodumene rich pegmatites including intersections of SADD072: 27.67m from 333.82m and SADD077: 33.00m from 319.65m. These results coupled with the latest assay results from the 2022 drilling campaign have enabled the development of a preliminary leapfrog interpretation of the Colina West mineralisation envelope. This has revealed a shallow easterly dipping zone extending for over 500m along strike and 300m up dip. The development of this model greatly assists in the planning and targeting of additional drilling. In addition to the aggressive drilling campaign currently underway on site, Latin is actively progressing exploration activities across its wider tenement package at Salinas. This work includes: Infill geochemical soil sampling at the Salinas South Prospect to better define initial soil broad anomalism encountered in the initial stream sediment and soil sampling; Mapping and reconnaissance work to the Southwest of Colina/Colina West along an interpreted prospective lithium corridor and other tenement include Lajinha and Monte Alto; Detailed airborne geophysical magnetic surveys over the Colina/Colina West areas. The Company has also engaged with several suitable drilling contractors for the supply of up to two Reverse Circulation ("RC") drilling rigs to add to the existing fleet to bring the total to ten rigs operating in the area. The RC drilling rigs will be tasked with completing rapid stepout drill fences to define the prospective lithium corridor further to the west and southwest of the known Colina/Colina West mineralisation. RC drilling may also be used as a first pass exploration tool to test mapped pegmatites, or geochemical anomalies where there is no physical outcrop, as is the case with some parts of the Salinas South tenements.공시 • Feb 08Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in BrazilLatin Resources Limited provide an update on the expansion of the Salinas Lithium Project ("Salinas") in Brazil, which hosts the Company's 100% owned Colina Lithium Deposit. The Company significantly expanded its mineral exploration title holdings in the highly prospective Bananal Valley District in Minas Gerais, Brazil, through lodging 17 new applications with the Brazilian National Mining Agency (ANM), over an area of more than 29,940 hectares of what the Company believes to be favourable basement lithologies. The Company now controls approximately 38,100 hectares (381km2), which represents a significant land position in the region. The new tenements are located to the north of the Company's existing land holdings where theCompany has defined a maiden Mineral Resource Estimate ("MRE"), for the Colina Deposit 1 of 13.3 Mt @ 1.2% Li2O, along with a JORC Exploration Target Range1 ("ETR") for Colina of 13.5 22 Mt with a grade range of 1.2 1.5% Li2O, in early December 2022. Utilising the available government and other proprietary data sets, including regional magnetic data, mineral mapping and solid in-house geological interpretations, the Company has undertaken a regional desktop prospectivity review of the wider Bananal Valley District surrounding the Colina Deposit. The resulting new tenement applications cover areas that have been interpreted by the Company to be favourable for the presence of lithium bearing pegmatites. The majority of these areas are considered by the Company to be `green-fields' exploration areas. The Company will commence preliminary reconnaissance work including the ground truthing and geological mapping and regional scale geochemical sampling. Other works including airborne geophysical and remote sensing survey may also be undertaken over specific areas highlighted as part of the initial reconnaissance work by the Company's field explorationteams.공시 • Jan 24Latin Resources Limited Announces Exceptional Assay Results from Colina West PotentialLatin Resources Limited provided an update on drilling results from the Colina and Colina West areas from drilling completed in late 2022 at the Company's 100% owned Salinas Lithium Project (Salinas). 2022 Drilling Program - Assay results: The Company announced its maiden Mineral Resource Estimate ("MRE"), for the Colina Deposit of 13.3Mt @ 1.2% Li2O, along with a JORC Exploration Target Range ("ETR") for Colina of 13.5 22 Mt with a grade range of 1.2 1.5% Li2O, in early December 2022; neither of which include the potential additional resources that may be defined in the Colina West area (Figure 1). The MRE and ETR are based on assay results from a total of 47 diamond drill holes for some 10,528m of drilling, with an additional 25 holes completed at Colina and Colina West at the end of the 2022 drilling season, which were not included in the MRE and ETR calculations. Assay results for a total of thirteen of these drill holes (SADD048 SADD060), completed toward the end of the 2022 drilling campaign have been returned from the laboratory. A further ten (SADD061 SADD071) remain outstanding. Results from this latest batch of results include holes from within the main Colina Deposit MRE, as well as more holes drilled in the Colina West area. The holes collared within the footprint of the Colina MRE all show good correlation with the block model, and in some cases have returned higher grades than predicted by the MRE, notably holes SADD057 and SADD059. Significant intersections within the MRE footprint include: SADD053: 14.00m @ 1.35% Li2O from 289.58m; SADD057: 20.17m @ 1.66% Li2O from 136.99m; SADD059: 14.70m @ 1.27% Li2O from 109.90m; and SADD060: 15.96m @ 1.56% Li2O from 350.09m. Results from the holes drilled in the Colina West area have returned exceptional results that the Company believes significantly upgrades the prospectivity of the Colina West area. Drill hole SADD055, collared approximately 200m along strike to the south of the Colina West discovery hole SADD033, is a standout, having returned multiple highgrade intersections greater than 10 meters in thickness. In total, SADD055 intersected over 67 cumulative meters of highly mineralised pegmatites which are interpreted by the Company to continue up dip to the west. The ongoing 2023 drilling campaign will test the near surface and strike extensions of these pegmatites. These intersections remain open in all directions. Significant intersections include: SADD055: 13.73m @ 1.38% Li2O from 200.19m; and: 16.08m @ 1.07% Li2O from 306.69m; and: 10.85m @ 1.96% Li2O from 322.15m and: 11.16m @ 1.61% Li2O from 360.17m and: 16.00m @ 1.61% Li2O from 393.60m. Drill hole SADD060, collared 100m to the east of hole SADD033, is equally significant, as it confirms the continuity of the pegmatites in SADD033 at depth returning multiple significant intersections, including: SADD060: 2.29m @ 1.71% Li2O from 84.75m and: 1.88m @ 1.85% Li2O from 182.70m and: 1.96m @ 0.83% Li2O from 203.69m and: 2.84m @ 0.92% Li2O from 228.00m and: 2.89m @ 1.33% Li2O from 247.40m and: 1.55m @ 0.56% Li2O from 252.00m and: 15.95m @ 1.56% Li2O from 350.09m and: 1.41m @ 1.64% Li2O from 370.62m and: 2.00m @ 1.04% Li2O from 384.42m. All mineralisation at Colina and Colina West remains open along strike to the north and south as well as at depth. The current 65,000m diamond drilling campaign, which commenced in early January with the arrival of six diamond drilling rigs, is designed to test the area updip from the Colina West pegmatites intersected in holes SADD055 and SADD053, as well as along strike to the north and south. The proposed drill spacing of 100m by 100m is expected to provide sufficient data coverage for the estimation of an inferred MRE for Colina west, in line with the Company's plan to fast track rapid resource growth at the Colina and Colina West Deposits and underpin a rapid move towards potential future development.공시 • Jan 17Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium ProjectLatin Resources Limited announced that field teams and drilling rigs have arrived on site for the scheduled commencement of the 2023 drilling program at the Company's 100% owned Salinas Lithium Project. A total of six, small environmental footprint, man portable/modular diamond drilling rigs capable of drilling to depth of circa 400-450m below surface have arrived on site and have commenced drilling. The Company has a 65,000m diamond drilling program planned for 2023, and is committed to minimising the environmental impact of this work by using these innovative and low-impact rigs. A further two, larger track mounted, drilling rigs capable of drilling to far greater depths, and producing larger diameter PQ drill core are scheduled to arrive on site in February, bringing the total drilling fleet to eights rigs for the season. 2023 Drilling Program The planned 65,000m program focuses on the rapid expansion of the Company's maiden Indicated and Inferred JORC Mineral Resource Estimate of 13.3Mt @ 1.2% Li2O 1 at the Colina Deposit; as well as providing sufficient drill coverage over the Colina West Prospect to enable the expansion of the existing MRE into this emerging high priority area. Previous drilling at Colina West, including SADD033, has shown the presence of multiple spodumene bearing pegmatites including some thick high-grade intersections, which currently fall outside the limits of the MRE. Additional drilling completed in late 2022 has intersected these same pegmatites in multiple drillholes, confirming the continuity both up and down dip from SADD033 (assay results pending). Infill and extension drilling at the Colina Deposit itself will focus on the down dip extensions of the high-grade mineralisation in the north, where the current MRE block model shows thick high-grade mineralisation open at depth. Ongoing other works at the Salinas Project Other work currently underway on site includes: The expansion of the Company's core processing and storage facility on site at Salinas, to facilitate the planned significant increase in drilling activity in 2023. This work is expected to be completed in early February 2023. Targeted large diameter PQ diamond core drilling to collect sufficient representative pegmatite samples for the planned large scale DMS and flotation pilot plant testwork scheduled to commence in the 2023 March quarter. Detailed drone magnetic and other geophysical surveys to assist with targeting of step-out regional exploration drilling along strike from the Colina/Colina West areas. This survey is scheduled for late January 2023.Breakeven Date Change • Dec 31Forecast to breakeven in 2025The 3 analysts covering Latin Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$23.0m in 2025. Average annual earnings growth of 70% is required to achieve expected profit on schedule.Recent Insider Transactions • Mar 04Independent Non-Executive Chairman recently sold AU$459k worth of stockOn the 2nd of March, David Vilensky sold around 5m shares on-market at roughly AU$0.092 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.공시 • Sep 24Latin Resources Limited Provides Exploration UpdateLatin Resources Limited provided the following update on its various projects and ongoing exploration activities in NSW and WA. The Yarara Gold project, NSW; Latin has now completed the compilation and detailed review of the available regional and project scale geological, geophysical and historic geochemical data covering the Yarara Gold project located in the highly prospective Lachlan Fold Belt in NSW. The project is situated 70 kilometres to the east of Albury in the East Riverina area, covering a 47- kilometre strike length of prospective volcanic and meta-sedimentary lithologies, and the regionally significant Yarara Shear zone. The project area contains numerous old gold workings with at least four main historic high-grade gold mines that targeted high-grade quartz vein systems, including the Billabong Mine, Rangatira Mine, Perseverance Mine and the Just-in-time Mine. In the northern part of the project area, historic gold occurrences are hosted within quartz vein stockworks around the intersection NE-SW trending faults and the main north-south regional shears. Latin's geologists believe that these targets and reactive sedimentary sequences proximal to these structural setting represent high priority target areas. An initial structural interpretation based on the available regional datasets, has highlighted well over 30 target areas, including numerous `Priority 1' areas, which Latin believes are highly prospective for a range of gold mineralization styles. Latin has focused land access efforts on four `Priority 1' target areas with the Company's NSW based team conducting on-site meetings with a number of key land holders. Initial meetings with most landholders have been positive, and Latin will continue to progress these discussions to facilitate the commencement of on-ground activities. In parallel with land holder negotiations, access permits to allow reconnaissance drilling in the state forest area covering the highly prospective Rangatira and Just-in-Time mines have been drafted are now ready for submission to the relevant state authorities by Latin technical team in early September, with the aim of advancing site access discussions with key land holders and finalising site access track for the proposed drilling campaign. The company intends to carry out reconnaissance exploration drilling to ascertain the extent and material characteristics of the Halloysite mineralisation discovered during previous surface sampling 1. Additional reconnaissance prospecting while on site has led the Company to secure additional tenure in the area through the submission of a new exploration licence. While the initial target area is currently under crop, an extensive network of farm access and fence line tracks will enable the completion of the initial Phase 1 drilling with minimal disruption to the current activities of landholders. The aim of the proposed Phase 1 drilling is to provide an indication of continuity of the identified high-value Halloysite mineralisation, as well as allow the collection of samples throughout the mineralised thickness for deposit analysis and indication of tenor. Latin will then make assessments around a larger drilling program on the success of this initial reconnaissance work. Pending receipt of final Program of Work ("POW") approvals from the WA Department of Mines, Industry Regulation and Safety, Latin anticipates undertaking this Phase 1 exploration drilling in the upcoming quarter.공시 • Sep 08Latin Resources Limited announced that it expects to receive AUD 0.652 million in fundingLatin Resources Limited (ASX:LRS) announced a private placement of 59,272,728 common shares at an issue price of AUD 0.011 per share for gross proceeds of AUD 652,000.008 on September 8, 2020. The transaction was oversubscribed by AUD 102,000. The transaction will include participation from professional and sophisticated investors. The issue price has been carried out at market price and represents a 4% premium to the company’s 10-day VWAP. The company is also issuing one free attaching listed options for every one share subscribed for and issued, with an expiry date December 31, 2022 and AUD 0.012 exercise price. The transaction is expected to close on September 11, 2020.공시 • Jul 18Latin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1508 million.Latin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1508 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 230,160,000 Price\Range: AUD 0.005공시 • Jul 08Latin Resources Limited announced that it has received AUD 0.2152 million in fundingOn June 26, 2020, Latin Resources Limited (ASX:LRS) closed the transaction.주주 수익률LRSAU Metals and MiningAU 시장7D0%-1.7%0.08%1Y21.4%54.5%3.1%전체 주주 수익률 보기수익률 대 산업: LRS은 지난 1년 동안 54.5%의 수익을 기록한 Australian Metals and Mining 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: LRS은 지난 1년 동안 3.1%를 기록한 Australian 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is LRS's price volatile compared to industry and market?LRS volatilityLRS Average Weekly Movement7.3%Metals and Mining Industry Average Movement12.1%Market Average Movement10.5%10% most volatile stocks in AU Market17.5%10% least volatile stocks in AU Market4.3%안정적인 주가: LRS는 지난 3개월 동안 Australian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: LRS의 주간 변동성(7%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2008n/aChris Galewww.latinresources.com.au라틴 리소스는 호주, 페루, 아르헨티나, 브라질에서 광산 프로젝트를 탐사하고 개발하는 회사입니다. 이 회사는 주로 리튬, 구리, 금 매장지를 탐사합니다. 주력 프로젝트는 브라질 미나스 제라이스 주에 위치한 약 38,000헥타르 규모의 살리나스 리튬 프로젝트입니다.더 보기Latin Resources Limited 기초 지표 요약Latin Resources의 순이익과 매출은 시가총액과 어떻게 비교됩니까?LRS 기초 통계시가총액AU$477.00m순이익 (TTM)-AU$18.63m매출 (TTM)AU$87.09k5,477x주가매출비율(P/S)-25.6x주가수익비율(P/E)LRS는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표LRS 손익계산서 (TTM)매출AU$87.09k매출원가AU$0총이익AU$87.09k기타 비용AU$18.72m순이익-AU$18.63m최근 보고된 실적Jun 30, 2024다음 실적 발표일해당 없음주당순이익(EPS)-0.0064총이익률100.00%순이익률-21,390.24%부채/자본 비율0%LRS의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/02/04 18:36종가2025/01/22 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Latin Resources Limited는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Stuart HoweBell PotterReg SpencerCanaccord GenuityTimothy HoffCanaccord Genuity
Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$58m free cash flow). Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Revenue is less than US$1m (AU$87k revenue, or US$59k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$30m net loss in 2 years). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding).
New Risk • Sep 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Revenue is less than US$1m (AU$91k revenue, or US$61k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$17m net loss in 2 years). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).
New Risk • Aug 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (6.7% increase in shares outstanding).
Board Change • May 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 04New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$43m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$11m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (AU$371k sold).
Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$58m free cash flow). Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Revenue is less than US$1m (AU$87k revenue, or US$59k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$30m net loss in 2 years). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding).
New Risk • Sep 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Revenue is less than US$1m (AU$91k revenue, or US$61k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$17m net loss in 2 years). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).
New Risk • Aug 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (6.7% increase in shares outstanding).
Board Change • May 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Brent Jones was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 04New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$43m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$43m free cash flow). Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$11m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (AU$371k sold).
New Risk • Apr 28New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$19m Forecast net loss in 3 years: AU$10m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$91k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$10m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (AU$371k sold).
Breakeven Date Change • Apr 28No longer forecast to breakevenThe 2 analysts covering Latin Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$94.0m in 2026. New consensus forecast suggests the company will make a loss of AU$10.3m in 2026.
공시 • Apr 11Latin Resources Limited, Annual General Meeting, May 30, 2024Latin Resources Limited, Annual General Meeting, May 30, 2024, at 11:00 W. Australia Standard Time. Location: 3/32 Harrogate Street West Leederville 6007 Australia
Recent Insider Transactions • Mar 06Independent Non-Executive Chairman recently sold AU$371k worth of stockOn the 28th of February, David Vilensky sold around 2m shares on-market at roughly AU$0.21 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.
공시 • Feb 16Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development CommitteeLatin Resources has appointed Peter Oliver as Executive Director and Chairman of the Development Committee, with immediate effect to proactively accelerate the Salina's Lithium Project into production. Mr. Oliver, who has been serving as a Non-Executive Director to the Board since October 2022, brings a wealth of experience and expertise to Latin Resources. With over two decades of experience in the lithium industry, Mr. Oliver's leadership roles have encompassed global mergers and acquisitions, financing, and managing mining operations. Most notably, he served as Chief Executive Officer /Managing Director of Talison Lithium, the owner and operator of the lithium mine, Greenbushes, in Western Australia. Mr. Oliver's background in Chemistry and extensive experience in the Western Australian Mining industry have been pivotal to his success. During his tenure at Talison, he held various key positions, including General Manager of Wodgina and Greenbushes, Chief Operating Officer, and Chief Executive Officer/Managing Director. Under his leadership, Talison Lithium experienced significant growth, including a successful IPO process that led to its listing on the Toronto Stock Exchange, substantial expansions, and eventual acquisition by Tianqi Lithium. As an advisor to Tianqi Lithium from 2013 until March 2022, Mr. Oliver played a crucial role in overseeing substantial expansions in Greenbushes lithium concentrate production capacity, and the establishment of Tianqi Lithium's Kwinana Lithium Hydroxide plant. Until June 2021, Mr. Oliver remained a Non-Executive Director of Talison Lithium, a joint venture between Tianqi Lithium and Albemarle Corp. Mr. Oliver's extensive skill set in the lithium sector, coupled with his experience in leading corporate teams, managing public companies, and acting in advisory capacities for corporate structures, global mergers and acquisitions, and financing, will significantly strengthen Latin's position to become a global Tier one lithium producer. His appointment reflects Latin Resources' commitment to driving the next phase of growth, focusing on advancing the Salinas Lithium Project in Brazil.
New Risk • Feb 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$196k revenue, or US$128k). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).
Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 3 analysts covering Latin Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$109.9m in 2026. Average annual earnings growth of 72% is required to achieve expected profit on schedule.
New Risk • Dec 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 9.6% per year for the foreseeable future. Revenue is less than US$1m (AU$196k revenue, or US$128k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$13m net loss in 3 years). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding).
Buying Opportunity • Nov 06Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be AU$0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to decline by 38% in the next 2 years.
공시 • Oct 14Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million.Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million on October 13, 2023. Under the terms of agreement, Maverick will issue 6,000,000 fully paid ordinary shares at a deemed issue price of AUD 0.20 per share and 5,000,000 options to acquire Shares of Maverick exercisable at AUD 0.30 on or before the date which is 5 years from the date of issue of the Options. Maverick will issue a further 1,000,000 Shares to the Company at a deemed issue price of AUD 0.20 per Share to extinguish an inter-company loan payable by project to Latin. The transaction is subject to completion of financial, legal and technical due diligence by Maverick and Maverick completing a capital raising of at least AUD 4,000,000 and receiving conditional approval for admission to the official list of the ASX.
Recent Insider Transactions • Sep 01Independent Non-Executive Director recently sold AU$150k worth of stockOn the 24th of August, Brent Jones sold around 423k shares on-market at roughly AU$0.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
New Risk • Jun 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$186k revenue, or US$124k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$19m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding).
Breakeven Date Change • Apr 08Forecast to breakeven in 2025The 3 analysts covering Latin Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$23.0m in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.
공시 • Feb 18Latin Resources Limited Provides the Latest Assay Results and an Update on the Progress of the 2023 Drilling Campaign At the Company's 100% Owned Colina Lithium DepositLatin Resources Limited to provide the latest assay results and an update on the progress of the 2023 drilling campaign at the Company's 100% owned Colina Lithium Deposit ("Colina") located in the state of Minas Gerais, Brazil (Appendix 1). Results from drilling completed in late 2022 have been returned from the laboratory and continue to show good correlation with the JORC 2012 Indicated and Inferred Mineral Resource Estimate ("MRE"). Results include holes from both within the existing Colina Deposit MRE model, and the Colina West area which is currently outside of the MRE block model. Recent intersections include: SADD061: 20.70m @ 1.51% Li2O from 159.00m; SADD062: 10.00m @ 1.13% Li2O from 149.51m, SADD063: 4.03m @ 1.60% Li2O from 125.12m and: 6.79m @ 1.52% Li2O from 267.37m, SADD070: 5.03m @ 1.64% Li2O from 192.97m and 5.52m @ 1.50% Li2O from 292.03m and, 16.43m @ 1.69% Li2O from 323.57m and, 18.89m @ 1.56% Li2O from 356.91m. The Company reported that the 2023 drilling campaign is gathering momentum with seven diamond drilling rigs currently onsite drilling, with the final rig due in the coming weeks. Drilling is on track with over 3,000m of the planned 65,000m drilling program already completed. Currently six of the seven drilling rigs are focused on the Colina West areas, where the logging of drill core continues to show the presence of thick spodumene rich pegmatites including intersections of SADD072: 27.67m from 333.82m and SADD077: 33.00m from 319.65m. These results coupled with the latest assay results from the 2022 drilling campaign have enabled the development of a preliminary leapfrog interpretation of the Colina West mineralisation envelope. This has revealed a shallow easterly dipping zone extending for over 500m along strike and 300m up dip. The development of this model greatly assists in the planning and targeting of additional drilling. In addition to the aggressive drilling campaign currently underway on site, Latin is actively progressing exploration activities across its wider tenement package at Salinas. This work includes: Infill geochemical soil sampling at the Salinas South Prospect to better define initial soil broad anomalism encountered in the initial stream sediment and soil sampling; Mapping and reconnaissance work to the Southwest of Colina/Colina West along an interpreted prospective lithium corridor and other tenement include Lajinha and Monte Alto; Detailed airborne geophysical magnetic surveys over the Colina/Colina West areas. The Company has also engaged with several suitable drilling contractors for the supply of up to two Reverse Circulation ("RC") drilling rigs to add to the existing fleet to bring the total to ten rigs operating in the area. The RC drilling rigs will be tasked with completing rapid stepout drill fences to define the prospective lithium corridor further to the west and southwest of the known Colina/Colina West mineralisation. RC drilling may also be used as a first pass exploration tool to test mapped pegmatites, or geochemical anomalies where there is no physical outcrop, as is the case with some parts of the Salinas South tenements.
공시 • Feb 08Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in BrazilLatin Resources Limited provide an update on the expansion of the Salinas Lithium Project ("Salinas") in Brazil, which hosts the Company's 100% owned Colina Lithium Deposit. The Company significantly expanded its mineral exploration title holdings in the highly prospective Bananal Valley District in Minas Gerais, Brazil, through lodging 17 new applications with the Brazilian National Mining Agency (ANM), over an area of more than 29,940 hectares of what the Company believes to be favourable basement lithologies. The Company now controls approximately 38,100 hectares (381km2), which represents a significant land position in the region. The new tenements are located to the north of the Company's existing land holdings where theCompany has defined a maiden Mineral Resource Estimate ("MRE"), for the Colina Deposit 1 of 13.3 Mt @ 1.2% Li2O, along with a JORC Exploration Target Range1 ("ETR") for Colina of 13.5 22 Mt with a grade range of 1.2 1.5% Li2O, in early December 2022. Utilising the available government and other proprietary data sets, including regional magnetic data, mineral mapping and solid in-house geological interpretations, the Company has undertaken a regional desktop prospectivity review of the wider Bananal Valley District surrounding the Colina Deposit. The resulting new tenement applications cover areas that have been interpreted by the Company to be favourable for the presence of lithium bearing pegmatites. The majority of these areas are considered by the Company to be `green-fields' exploration areas. The Company will commence preliminary reconnaissance work including the ground truthing and geological mapping and regional scale geochemical sampling. Other works including airborne geophysical and remote sensing survey may also be undertaken over specific areas highlighted as part of the initial reconnaissance work by the Company's field explorationteams.
공시 • Jan 24Latin Resources Limited Announces Exceptional Assay Results from Colina West PotentialLatin Resources Limited provided an update on drilling results from the Colina and Colina West areas from drilling completed in late 2022 at the Company's 100% owned Salinas Lithium Project (Salinas). 2022 Drilling Program - Assay results: The Company announced its maiden Mineral Resource Estimate ("MRE"), for the Colina Deposit of 13.3Mt @ 1.2% Li2O, along with a JORC Exploration Target Range ("ETR") for Colina of 13.5 22 Mt with a grade range of 1.2 1.5% Li2O, in early December 2022; neither of which include the potential additional resources that may be defined in the Colina West area (Figure 1). The MRE and ETR are based on assay results from a total of 47 diamond drill holes for some 10,528m of drilling, with an additional 25 holes completed at Colina and Colina West at the end of the 2022 drilling season, which were not included in the MRE and ETR calculations. Assay results for a total of thirteen of these drill holes (SADD048 SADD060), completed toward the end of the 2022 drilling campaign have been returned from the laboratory. A further ten (SADD061 SADD071) remain outstanding. Results from this latest batch of results include holes from within the main Colina Deposit MRE, as well as more holes drilled in the Colina West area. The holes collared within the footprint of the Colina MRE all show good correlation with the block model, and in some cases have returned higher grades than predicted by the MRE, notably holes SADD057 and SADD059. Significant intersections within the MRE footprint include: SADD053: 14.00m @ 1.35% Li2O from 289.58m; SADD057: 20.17m @ 1.66% Li2O from 136.99m; SADD059: 14.70m @ 1.27% Li2O from 109.90m; and SADD060: 15.96m @ 1.56% Li2O from 350.09m. Results from the holes drilled in the Colina West area have returned exceptional results that the Company believes significantly upgrades the prospectivity of the Colina West area. Drill hole SADD055, collared approximately 200m along strike to the south of the Colina West discovery hole SADD033, is a standout, having returned multiple highgrade intersections greater than 10 meters in thickness. In total, SADD055 intersected over 67 cumulative meters of highly mineralised pegmatites which are interpreted by the Company to continue up dip to the west. The ongoing 2023 drilling campaign will test the near surface and strike extensions of these pegmatites. These intersections remain open in all directions. Significant intersections include: SADD055: 13.73m @ 1.38% Li2O from 200.19m; and: 16.08m @ 1.07% Li2O from 306.69m; and: 10.85m @ 1.96% Li2O from 322.15m and: 11.16m @ 1.61% Li2O from 360.17m and: 16.00m @ 1.61% Li2O from 393.60m. Drill hole SADD060, collared 100m to the east of hole SADD033, is equally significant, as it confirms the continuity of the pegmatites in SADD033 at depth returning multiple significant intersections, including: SADD060: 2.29m @ 1.71% Li2O from 84.75m and: 1.88m @ 1.85% Li2O from 182.70m and: 1.96m @ 0.83% Li2O from 203.69m and: 2.84m @ 0.92% Li2O from 228.00m and: 2.89m @ 1.33% Li2O from 247.40m and: 1.55m @ 0.56% Li2O from 252.00m and: 15.95m @ 1.56% Li2O from 350.09m and: 1.41m @ 1.64% Li2O from 370.62m and: 2.00m @ 1.04% Li2O from 384.42m. All mineralisation at Colina and Colina West remains open along strike to the north and south as well as at depth. The current 65,000m diamond drilling campaign, which commenced in early January with the arrival of six diamond drilling rigs, is designed to test the area updip from the Colina West pegmatites intersected in holes SADD055 and SADD053, as well as along strike to the north and south. The proposed drill spacing of 100m by 100m is expected to provide sufficient data coverage for the estimation of an inferred MRE for Colina west, in line with the Company's plan to fast track rapid resource growth at the Colina and Colina West Deposits and underpin a rapid move towards potential future development.
공시 • Jan 17Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium ProjectLatin Resources Limited announced that field teams and drilling rigs have arrived on site for the scheduled commencement of the 2023 drilling program at the Company's 100% owned Salinas Lithium Project. A total of six, small environmental footprint, man portable/modular diamond drilling rigs capable of drilling to depth of circa 400-450m below surface have arrived on site and have commenced drilling. The Company has a 65,000m diamond drilling program planned for 2023, and is committed to minimising the environmental impact of this work by using these innovative and low-impact rigs. A further two, larger track mounted, drilling rigs capable of drilling to far greater depths, and producing larger diameter PQ drill core are scheduled to arrive on site in February, bringing the total drilling fleet to eights rigs for the season. 2023 Drilling Program The planned 65,000m program focuses on the rapid expansion of the Company's maiden Indicated and Inferred JORC Mineral Resource Estimate of 13.3Mt @ 1.2% Li2O 1 at the Colina Deposit; as well as providing sufficient drill coverage over the Colina West Prospect to enable the expansion of the existing MRE into this emerging high priority area. Previous drilling at Colina West, including SADD033, has shown the presence of multiple spodumene bearing pegmatites including some thick high-grade intersections, which currently fall outside the limits of the MRE. Additional drilling completed in late 2022 has intersected these same pegmatites in multiple drillholes, confirming the continuity both up and down dip from SADD033 (assay results pending). Infill and extension drilling at the Colina Deposit itself will focus on the down dip extensions of the high-grade mineralisation in the north, where the current MRE block model shows thick high-grade mineralisation open at depth. Ongoing other works at the Salinas Project Other work currently underway on site includes: The expansion of the Company's core processing and storage facility on site at Salinas, to facilitate the planned significant increase in drilling activity in 2023. This work is expected to be completed in early February 2023. Targeted large diameter PQ diamond core drilling to collect sufficient representative pegmatite samples for the planned large scale DMS and flotation pilot plant testwork scheduled to commence in the 2023 March quarter. Detailed drone magnetic and other geophysical surveys to assist with targeting of step-out regional exploration drilling along strike from the Colina/Colina West areas. This survey is scheduled for late January 2023.
Breakeven Date Change • Dec 31Forecast to breakeven in 2025The 3 analysts covering Latin Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$23.0m in 2025. Average annual earnings growth of 70% is required to achieve expected profit on schedule.
Recent Insider Transactions • Mar 04Independent Non-Executive Chairman recently sold AU$459k worth of stockOn the 2nd of March, David Vilensky sold around 5m shares on-market at roughly AU$0.092 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.
공시 • Sep 24Latin Resources Limited Provides Exploration UpdateLatin Resources Limited provided the following update on its various projects and ongoing exploration activities in NSW and WA. The Yarara Gold project, NSW; Latin has now completed the compilation and detailed review of the available regional and project scale geological, geophysical and historic geochemical data covering the Yarara Gold project located in the highly prospective Lachlan Fold Belt in NSW. The project is situated 70 kilometres to the east of Albury in the East Riverina area, covering a 47- kilometre strike length of prospective volcanic and meta-sedimentary lithologies, and the regionally significant Yarara Shear zone. The project area contains numerous old gold workings with at least four main historic high-grade gold mines that targeted high-grade quartz vein systems, including the Billabong Mine, Rangatira Mine, Perseverance Mine and the Just-in-time Mine. In the northern part of the project area, historic gold occurrences are hosted within quartz vein stockworks around the intersection NE-SW trending faults and the main north-south regional shears. Latin's geologists believe that these targets and reactive sedimentary sequences proximal to these structural setting represent high priority target areas. An initial structural interpretation based on the available regional datasets, has highlighted well over 30 target areas, including numerous `Priority 1' areas, which Latin believes are highly prospective for a range of gold mineralization styles. Latin has focused land access efforts on four `Priority 1' target areas with the Company's NSW based team conducting on-site meetings with a number of key land holders. Initial meetings with most landholders have been positive, and Latin will continue to progress these discussions to facilitate the commencement of on-ground activities. In parallel with land holder negotiations, access permits to allow reconnaissance drilling in the state forest area covering the highly prospective Rangatira and Just-in-Time mines have been drafted are now ready for submission to the relevant state authorities by Latin technical team in early September, with the aim of advancing site access discussions with key land holders and finalising site access track for the proposed drilling campaign. The company intends to carry out reconnaissance exploration drilling to ascertain the extent and material characteristics of the Halloysite mineralisation discovered during previous surface sampling 1. Additional reconnaissance prospecting while on site has led the Company to secure additional tenure in the area through the submission of a new exploration licence. While the initial target area is currently under crop, an extensive network of farm access and fence line tracks will enable the completion of the initial Phase 1 drilling with minimal disruption to the current activities of landholders. The aim of the proposed Phase 1 drilling is to provide an indication of continuity of the identified high-value Halloysite mineralisation, as well as allow the collection of samples throughout the mineralised thickness for deposit analysis and indication of tenor. Latin will then make assessments around a larger drilling program on the success of this initial reconnaissance work. Pending receipt of final Program of Work ("POW") approvals from the WA Department of Mines, Industry Regulation and Safety, Latin anticipates undertaking this Phase 1 exploration drilling in the upcoming quarter.
공시 • Sep 08Latin Resources Limited announced that it expects to receive AUD 0.652 million in fundingLatin Resources Limited (ASX:LRS) announced a private placement of 59,272,728 common shares at an issue price of AUD 0.011 per share for gross proceeds of AUD 652,000.008 on September 8, 2020. The transaction was oversubscribed by AUD 102,000. The transaction will include participation from professional and sophisticated investors. The issue price has been carried out at market price and represents a 4% premium to the company’s 10-day VWAP. The company is also issuing one free attaching listed options for every one share subscribed for and issued, with an expiry date December 31, 2022 and AUD 0.012 exercise price. The transaction is expected to close on September 11, 2020.
공시 • Jul 18Latin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1508 million.Latin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1508 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 230,160,000 Price\Range: AUD 0.005
공시 • Jul 08Latin Resources Limited announced that it has received AUD 0.2152 million in fundingOn June 26, 2020, Latin Resources Limited (ASX:LRS) closed the transaction.
