Tillkännagivande • Apr 11
Latin Resources Limited, Annual General Meeting, May 30, 2024 Latin Resources Limited, Annual General Meeting, May 30, 2024, at 11:00 W. Australia Standard Time. Location: 3/32 Harrogate Street West Leederville 6007 Australia Tillkännagivande • Feb 16
Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development Committee Latin 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. Tillkännagivande • Oct 14
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. 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. Tillkännagivande • Feb 18
Latin 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 Deposit Latin 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. Tillkännagivande • Feb 08
Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in Brazil Latin 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. Tillkännagivande • Jan 24
Latin Resources Limited Announces Exceptional Assay Results from Colina West Potential Latin 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. Tillkännagivande • Jan 17
Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium Project Latin 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.