Mining
Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, with projects in South America and Australia, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions.
The Company is focused on its flagship Salinas Lithium Project in the pro-mining district of Minas Gerais Brazil, where the Company has defined a Global Mineral Resource Estimate of 70.3Mt @ 1.3% Li2O
The classification of this JORC MRE includes:
• Colina Deposit MRE- 63.5Mt @ 1.3% Li2O (1.73Mt @ 1.47% Li2O Measured + 39.29Mt @ 1.36% Li2O Indicated) + 22.47Mt @ 1.21% Li2O Inferred.
• Fog’s Block Deposit MRE- 6.8Mt @ 0.9% Li2O Inferred.
The Company recently defined a Preliminary Economic Assessment (PEA) which contemplates a proposed 3.6Mtpa standalone mining and processing operation over two phases. where the economics show after-tax NPV8% of A$3.6 billion (US$2.5 billion) and combined after-tax IRR of 132%.
Latin also holds the Catamarca Lithium Project in Argentina and through developing these assets, aims to become one of the key lithium players to feed the world’s insatiable appetite for battery metals.
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Investor Guide: Battery Metals FY2023
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