An after-tax NPV of $3.6b, an IRR of 132% and total life-of-mine revenue of $12.6b – the Colina lithium project’s preliminary economic assessment (PEA) certainly didn’t disappoint the Latin Resources team in Brazil.

Stockhead’s Sarah Hughan sits down with Latin Resources (ASX:LRS) managing director Chris Gale to get the short end of the long story on the company’s latest announcement.

Shares in Latin Resources jumped more than 20% following the release of the PEA at Colina, which brought on results Gale called “absolutely outstanding”.

Now the company is chasing first production in 2026 following a Phase 1 capex of US$253m, while US$55m spent on Phase 2 will bring the asset’s production profile to 525,000tpa @ 5.5% lithium spodumene concentrate and 159,000tpa @ 3%.

“For us, it’s an outstanding result and as the resource grows when we build into the [definitive feasibility study] – it will only get better,” Gale told Stockhead TV.

Tune in to hear Latin Resources’ Chris Gale on the results of the PEA, how the asset will continue to reach its full potential and what role Brazil plays in global lithium supply.