Proactiveinvestors Australia Latin Resources Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Latin Resources Ltd RSS feed en Wed, 19 Jun 2019 06:59:58 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Latin Resources gains new substantial shareholder in Lind Partners ]]> https://www.proactiveinvestors.com.au/companies/news/222195/latin-resources-gains-new-substantial-shareholder-in-lind-partners-222195.html Latin Resources Ltd (ASX:LRS) has a new substantial shareholder with prominent New York-based investor Lind Partners LLC taking a 5.59% stake.

This interest has been accumulated in the Latin American-focused explorer since March 7, 2019.

Lind Asset Management XII LLC, which is managed by Lind Partners, now holds more than 202 million securities.

READ: Latin Resources excited by lithium prospects in Brazil’s ‘mining-friendly’ Minas Gerais region

LRS has recently turned its focus to the world-class Minas Gerais lithium region of Brazil after enduring an ongoing lengthy wait for permitting in Argentina.

The company is excited by the lithium potential presented by the prolific yet underexplored region and is seeking to secure a number of priority targets in the Jequitinhonha valley region.

These targets are in proximity to the projects of active Eastern Brazilian pegmatite province players Sigma Lithium Resources Corp (CVE:SGMA) (OTCMKTS:SGMLF) and Companhia Brasileira de Lítio (CBL).

READ: Latin Resources non-executive director acquires 7.5 million shares

Sigma has drilled out a world-class lithium resource base which stands at 45.7 million tonnes at 1.38% Li2O to date while CBL is mining spodumene pegmatites, producing a spodumene concentrate.

The former is focused on 10 high-grade hard-rock lithium pegmatites, nine of which were past-producing lithium mines, and has reported more than 200 pegmatites within its tenure.

CBL’s concentrate is transferred to a chemical plant in Divisa Alegre, Minas Gerais, where it is transformed into industrial-grade lithium hydroxide.

Latin’s managing director Chris Gale described the Minas Gerais region, and wider Brazil, as one of the great mining jurisdictions of the world.

READ: Latin Resources targets returns in Brazil’s Minas Gerais region

“We have a bit more work to do in securing concessions, but we are well and truly onto that," he said.

“To get confidence back in the company we have to secure new ground and start drilling.

"The more we investigate Minas Gerais the more we get excited about the huge potential this region holds.

"I am very confident that the company can quickly and effectively execute exploration programs in Brazil which we hope will deliver positive news to shareholders in a much timelier fashion.”

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Mon, 17 Jun 2019 15:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222195/latin-resources-gains-new-substantial-shareholder-in-lind-partners-222195.html
<![CDATA[News - Latin Resources targets returns in Brazil’s Minas Gerais region ]]> https://www.proactiveinvestors.com.au/companies/news/218988/latin-resources-targets-returns-in-brazils-minas-gerais-region-218988.html Latin Resources Ltd (ASX:LRS) (FRA:XL5) specialises in minerals exploration in South America, turning its attention to Brazil in recent months. It is run by managing director Chris Gale, an experienced corporate leader and the former chairman of the Council on Australian Latin American Relations (COALAR) for the Australian Government Department of Foreign Affairs and Trade (DFAT).

Gale is the executive chairman of Perth-based boutique corporate advisory firm Allegra Capital Pty Ltd, past chairman of CorpCloud Pty Ltd and former chief executive officer of telecommunications player Swiftel Ltd, now part of Vocus Communications group.

What is Latin Resources progressing?

The company has projects in Argentina and Peru, consistent with its long-term strategy to explore for minerals in Latin America and build and create shareholder wealth through the definition of resources.

A key focus for Western Australian-based Latin Resources is now Brazil and the country’s lithium-rich but underexplored Minas Gerais region.

READ: Latin Resources excited by lithium prospects in Brazil’s ‘mining-friendly’ Minas Gerais region

Latin Resources is on the hunt for priority-one targets in the region after permitting delays in Argentina where the company holds acreage.

Sigma Lithium Resources Corp (CVE:SGMA) (OTCMKTS:SGMLF) and Companhia Brasileira de Lítio (CBL) hold acreage in Brazil’s Minas Gerais, both operating in the area and demonstrating its prospectivity.

Sigma has drilled out a world-class lithium resource base which stands at 45.7 million tonnes at 1.38% Li2O.

An operating CBL lithium mine near Araçuaí in the area has produced 70,000 tonnes a year at 6% Li2O.

Latin Resources holds hope for the lithium prospectivity of the region, with Gale describing it as one of the great mining jurisdictions of the world during an interview two weeks ago with Proactive Investors about the company’s Brazil ambitions.

Pegmatites are a particular focus for the company’s exploration in South America. Hard-rock lithium deposits, or pegmatite deposits, can contain extractable lithium, niobium, tin and tantalum.

While lithium in pegmatites can be found in spodumene, the minerals petalite, lepidolite, amblygonite and eucryptite can also feature the battery mineral.

Despite underexploration of the Minas Gerais region, the area holds considerable amenities, including a lithium spodumene plant with a 20-year history and a newer lithium hydroxide plant.

The company hopes to obtain tenements in Minas Gerais’ Jequitinhonha valley sub-region which hosts the country’s Eastern Brazilian pegmatite province.

Its geologists are based in the city of Salvador near their area of focus, having completed three trips to the region.

They are continuing to find spodumene not known or reported.

After the geology team finishes its investigation, the company plans to secure the highest priority targets to grab the most well-advanced tenure to quickly take to JORC-compliant status.

Sigma has more than 200 pegmatites in its tenure, with the company’s focus being on 10 high-grade hard-rock lithium pegmatites, nine at past-producing lithium mines.

Brazilian lithium company CBL is also mining spodumene pegmatites to produce a spodumene concentrate that is despatched to a Minas Gerais chemical plant in Divisa Alegre where it becomes industrial-grade lithium hydroxide.

What is Latin Resources’ reporting schedule?

Latin Resources reports its annual results to shareholders on a calendar year basis, last filing its annual results in April 2019.

The company presents its cashflow and activities reports to the market on a quarterly basis. It’s next quarterly reporting is expected by the end of this month.

Inflection points

Exploration successes

Tenure acquisition

Regulatory approvals

Resource drilling, definition and upgrade results

Scoping and feasibility studies work

Significant transactions and key partnerships

Managing director Chris Gale excited by opportunity in Brazil

“The more we investigate Minas Gerais the more we get excited about the huge potential this underexplored region holds,” managing director Chris Gale said.

“This significant time investment into Brazil marks a broadening of the company’s lithium strategy as we work to identify lithium opportunities outside of Argentina.

“I am very confident that the company can quickly and effectively execute exploration programs in Brazil which we hope will deliver positive news to shareholders in a much timelier fashion.

“We have a bit more work to do in securing concessions but we are well and truly onto that and we will start seeing more news flow.

“To get confidence back in the company we have to secure new ground and start drilling.”

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Thu, 25 Apr 2019 18:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218988/latin-resources-targets-returns-in-brazils-minas-gerais-region-218988.html
<![CDATA[News - Latin Resources excited by lithium prospects in Brazil’s ‘mining-friendly’ Minas Gerais region ]]> https://www.proactiveinvestors.com.au/companies/news/218734/latin-resources-excited-by-lithium-prospects-in-brazils-mining-friendly-minas-gerais-region-218734.html Latin Resources Ltd (ASX:LRS) is excited by the lithium potential presented by the prolific yet underexplored Minas Gerais region of Brazil and is seeking to secure a number of priority one targets.

After enduring an ongoing lengthy wait for permitting in Argentina, the company has turned its attention to the world-class lithium region which is within a mining-friendly state and country.

READ: Latin Resources non-executive director acquires 7.5 million shares

Evidence of the Minas Gerais region’s prospectivity comes from Sigma Lithium Resources Corp (CVE:SGMA) (OTCMKTS:SGMLF) and Companhia Brasileira de Lítio (CBL), which are both active.

Sigma Lithium has world-class resource

Sigma has drilled out a world-class lithium resource base which stands at 45.7 million tonnes at 1.38% Li2O.

Latin’s managing director Chris Gale told Proactive Investors that it had not been sitting on its hands while enduring frustration associated with permitting delays in Argentina.

“The delays have allowed us to assess other opportunities and we have been looking at pegmatites in other countries.

“I was sent information on Sigma Lithium and we decided to have a look in the Minas Gerais region.”

He described the region, and wider Brazil, as one of the great mining jurisdictions of the world.

Latin Resources area of interest in northwest Minas Gerais, Brazil.

Existing lithium infrastructure

In terms of lithium, he said the company was excited with the existing lithium infrastructure in the region, which was still largely unexplored.

This includes a lithium spodumene plant that has been there for about 20 years as well as a newer lithium hydroxide plant.

“What appears to be a diamond”

Gale said: “We have taken advantage of the time lag, looked at other opportunities and come up with what appears to be a diamond.

“There is existing infrastructure that we don't have in Argentina which means we can hit the ground running.”
The company is seeking to obtain tenements in the Jequitinhonha valley region of Minas Gerais which hosts the Eastern Brazilian pegmatite province.

Geologists based in region

Latin Resources geologists have based themselves out of the city of Salvador in close proximity to the area of interest.

The team has just completed their third trip to the region and have continued to locate occurrences of spodumene never previously known or reported.

Sampling of pegmatite trenches.

Due diligence work

Due diligence is being carried out and upon completion, Latin intends to begin securing its top priority targets.

Focus will be given to well-advanced tenure which will allow the company to rapidly drill test any potential spodumene deposit and enable it to quickly be advanced to JORC compliant status.

Sigma is focused on 10 high-grade hard-rock lithium pegmatites, nine of which were past-producing lithium mines, yet have reported more than 200 pegmatites within their tenure.

CBL is mining spodumene pegmatites, producing a spodumene concentrate which is then transferred to a chemical plant in Divisa Alegre, Minas Gerais, where it is transformed into industrial-grade lithium hydroxide.

CBL underground spodumene mining operation.

Lithium hydroxide potential

Latin Resources is particularly excited by the opportunities this may present in the future for battery-grade lithium hydroxide production.

Gale said: “We have a bit more work to do in securing concessions but we are well and truly onto that and we will start seeing more news flow.

“To get confidence back in the company we have to secure new ground and start drilling.

“Excited” about potential

"The more we investigate Minas Gerais the more we get excited about the huge potential this underexplored region holds.

"This significant time investment into Brazil marks a broadening of the company’s lithium strategy as we work to identify lithium opportunities outside of Argentina.

"I am very confident that the company can quickly and effectively execute exploration programs in Brazil which we hope will deliver positive news to shareholders in a much timelier fashion.”

About the San Luis projects in Argentina, Gale said these still offered an outstanding opportunity to the company once permitting was completed.

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Wed, 17 Apr 2019 15:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218734/latin-resources-excited-by-lithium-prospects-in-brazils-mining-friendly-minas-gerais-region-218734.html
<![CDATA[News - Latin Resources non-executive director acquires 7.5 million shares ]]> https://www.proactiveinvestors.com.au/companies/news/216149/latin-resources-non-executive-director-acquires-75-million-shares-216149.html Latin Resources Ltd’s (ASX:LRS) non-executive director Brent Jones has taken up 7.5 million shares at 0.2 cents each as part of the company’s share purchase plan.

READ: Latin Resources seeks to raise $1 million from shareholders via share purchase plan

The company is progressing towards obtaining drill permits for its lithium concessions in San Luis, Argentina.

READ: Latin Resources progressing towards obtaining drill permits in San Luis, Argentina

Latin’s chairman David Vilensky visited Argentina along with managing director, Chris Gale, between 18 - 23 February 2019.

The chairman’s visit included meetings with key stakeholders in Argentina including government officials in the province of San Luis where some of Latin’s most prospective lithium tenements are located.

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Mon, 11 Mar 2019 15:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216149/latin-resources-non-executive-director-acquires-75-million-shares-216149.html
<![CDATA[News - Latin Resources closes share purchase plan ]]> https://www.proactiveinvestors.com.au/companies/news/215970/latin-resources-closes-share-purchase-plan-215970.html Latin Resources Ltd (ASX:LRS) has issued more than 261 million new shares following the receipt of applications totalling $523,100 for its Share Purchase Plan (SPP).

The SPP provided registered shareholders with the opportunity to subscribe for up to $15,000 worth of shares at an offer price of 0.2 cents per share without having to pay brokerage or other transaction costs.

This represented a 16% discount to the average market price of the five trading days previous to the offer being opened.

READ: Latin Resources extends closing date for share purchase plan by one week

The funds will be used to bolster the company’s general working capital position, maintain a strong net cash position and to fund exploration, including drilling on its Argentine projects.

 

The company thanks all shareholders who participated in the SPP for their ongoing support.

Earlier this week, Latin Resources said it was making positive and encouraging progress towards obtaining drill permits for its lithium concessions in San Luis province.

READ: Latin Resources progressing towards obtaining drill permits in San Luis, Argentina

Chairman David Vilensky last month visited Argentina along with managing director Chris Gale.

This visit included meetings with key Argentine stakeholders including provincial officials in San Luis where some of Latin’s most prospective lithium tenements are situated.

The province’s political leaders are concluding their own investigations into the benefits of a lithium industry in the province and how best to develop such an industry ahead of their own fact-finding tour of the emerging lithium industry in Western Australia in the coming month.

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Thu, 07 Mar 2019 16:48:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215970/latin-resources-closes-share-purchase-plan-215970.html
<![CDATA[News - Latin Resources progressing towards obtaining drill permits in San Luis, Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/215883/latin-resources-progressing-towards-obtaining-drill-permits-in-san-luis-argentina-215883.html Latin Resources Ltd’s (ASX:LRS) progress towards obtaining drill permits for its lithium concessions in San Luis, Argentina remains positive and encouraging.

The company’s chairman David Vilensky visited Argentina along with managing director, Chris Gale, between 18 - 23 February 2019.

The chairman’s visit included meetings with key stakeholders in Argentina including government officials in the province of San Luis where some of Latin’s most prospective lithium tenements are located.

The province’s political leaders are concluding their own investigations into the benefits of a lithium industry in the province and how best to develop such an industry ahead of their own fact-finding tour of the emerging lithium industry in Western Australia in the coming month.

READ: Latin Resources advances battery metals portfolio in Argentina

Latin is assisting the concession holder of the Geminis tenements with responding to some observations made by the Mining Directorate of San Luis.

The observations are considered by the company and the concession holder to be of a non-material nature and have been responded to by the concession owner as part of the process in place in San Luis province.

Latin chairman David Vilensky said: “Based on the best advice and my own close up examination and personal observations of process and personalities in the province of San Luis, I believe it is only a matter of time before drill permits are issued.

“We were always told to be patient and the consensus is that more patience is required to achieve the company’s objective of commencing its drill and exploration program in San Luis.

“Remaining patient is probably the biggest challenge right now. No stone is being left unturned in the company’s pursuit of its objective.”

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Wed, 06 Mar 2019 17:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215883/latin-resources-progressing-towards-obtaining-drill-permits-in-san-luis-argentina-215883.html
<![CDATA[News - Latin Resources extends closing date for share purchase plan by one week ]]> https://www.proactiveinvestors.com.au/companies/news/214773/latin-resources-extends-closing-date-for-share-purchase-plan-by-one-week-214773.html Latin Resources Ltd (ASX:LRS) has extended the close date for its share purchase plan (SPP) by one week to Thursday February 28, 2019.

The company will receive applications from shareholders and the extension will ensure all eligible shareholders have ample time to submit their applications. 

Under the SPP, Latin is offering its shareholders the opportunity to subscribe for up to $15,000 in fully paid ordinary shares per eligible shareholder at an issue price of $0.002 per share without incurring brokerage or transaction costs.

READ: Latin Resources signs community agreement for Argentinian lithium development

The offer price represents a 16% discount to the volume weighted average price of the company’s shares over the 5 trading days prior to the announcement of the SPP on January 31, 2019.

The company is trying to raise up to $1 million from the SPP subject to any discretionary scale-back.

Directors may able decide to increase acceptances in the vent of oversubscriptions, subject to any limitations under the ASX listing rules.

READ: Latin Resources advances battery metals portfolio in Argentina

Latin Resources is advancing lithium opportunities in the San Luis region of Argentina, explorating at Catamarca and finishing testing of its spodumene-to-lithium-carbonate process.

The company's three Argentinian projects, Catamarca and San Luis focused on lithium and La Rioja focused on cobalt, are all 100%-owned and comprise nearly 250,000 hectares of ground. 

- Jessica Cummins

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Mon, 18 Feb 2019 00:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214773/latin-resources-extends-closing-date-for-share-purchase-plan-by-one-week-214773.html
<![CDATA[News - Latin Resources seeks to raise $1 million from shareholders via share purchase plan ]]> https://www.proactiveinvestors.com.au/companies/news/213678/latin-resources-seeks-to-raise-1-million-from-shareholders-via-share-purchase-plan-213678.html Latin Resources Ltd (ASX:LRS) is offering shareholders the opportunity to increase their shareholding in the company at a discount to the record date market price without incurring brokerage or other transaction costs.

The $1 million share purchase plan (SPP) offers eligible shareholders the ability to subscribe for $2,000, $4,000, $7,500, $10,000 or a maximum of $15,000 worth of fully paid ordinary shares in Latin.

Proceeds from the SPP will be used to bolster the company's s general working capital position, maintain a strong net cash position and to fund exploration, including drilling on its Argentina projects.

READ: Latin Resources advances battery metals portfolio in Argentina

The issue price under the offer will be 0.20 cents per share, representing a 16% discount to the average market price of the past five trading days (0.24 cents).

Latin has resolved to proceed with the SPP following feedback from shareholders expressing a desire to participate in a capital raising at a discounted share price.

READ: Latin Resources’ agreement another step on path towards drilling Argentine lithium projects

The volume-weighted average price (VWAP) of Latin’s shares for the month of December 2018 was 0.32 cents, and the SPP price of 0.2 cents represents a discount of 38% to this.

Latin’s board noted that the company’s present share price is at a record low, which gives shareholders the opportunity to purchase shares at a price which the company believes significantly undervalues its current asset portfolio.

SPP details

Shareholders who are recorded on the share register as at 4.00 pm (WST) on January 30, 2019 (record date) with a registered address in either Australia, New Zealand, Germany or the United Kingdom will be eligible to participate in the SPP.

The SPP is expected to close at 5:00 pm (WST) on February 22, 2019 and is not subject to shareholder approval.

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Thu, 31 Jan 2019 17:21:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213678/latin-resources-seeks-to-raise-1-million-from-shareholders-via-share-purchase-plan-213678.html
<![CDATA[News - Latin Resources’ agreement another step on path towards drilling Argentine lithium projects ]]> https://www.proactiveinvestors.com.au/companies/news/213207/latin-resources-agreement-another-step-on-path-towards-drilling-argentine-lithium-projects-213207.html Latin Resources Ltd (ASX:LRS) has taken another step towards establishing a resource for its highly prospective targets in Argentina by signing a preliminary agreement with San Luis province.

This agreement further enhances the co-operative relationship being developed between the company and the province of San Luis and is a precursor to the issue of long-awaited drill permits.

READ: Latin Resources advances battery metals portfolio in Argentina

It assists in establishing parameters for issuing the permits, which would enable the company to begin exploration activities as it aims to develop a sustainable local mining industry.

This industry would be based around known lithium deposits in the locality of the company’s projects known as Geminis, Don Gregorio and Maria Del Huerto.

“An important milestone”

Managing director Chris Gale said: “We are extremely pleased by the signing of this agreement with the Province of San Luis.

“It is an important milestone which is the first step to commence work on our lithium projects in San Luis.

“Upon the approval of the drilling permits for our San Luis projects the company will move forward with our objective of developing our maiden JORC resource.”

READ: Latin Resources signs community agreement for Argentinian lithium development

The new agreement follows a social and environmental agreement reached last November with the communities of San Francisco and Rio Gomez in the province.

With the preliminary agreement signed, the company’s authorised representative will enter discussions with the provincial government with the objective of signing a more detailed MOU setting out the criteria to develop a lithium industry.

After permits are issued drilling will begin on selected projects where drill targets have been identified.

Focus on Geminis and Don Gregorio projects

The Geminis and Don Gregorio projects remain the focus of Latin Resources’ exploration team in San Luis.

These tenements contain numerous large underexplored pegmatites with known spodumene mineralisation, most famously the Geminis Mine.

Latin Resources’ tenements in central Argentina.

Final stage testing complete

A team from UnCuyo University in Mendoza has completed final stage test work on a spodumene to lithium carbonate process pilot plant.

A report on the work highlights the establishment of optimal dissolution conditions to obtain a percentage of lithium carbonate extraction of 88%, with 90% of the maximum expected value with the patented procedure.

The optimal conditions of chemical precipitation and the filtration surface have also been identified.

Gale said: “We are also very excited about the success of the final test work conducted by the UnCuyo University on the spodumene to lithium carbonate technology.

“This will now lead us into building the next stage of proving up the commercial viability of a large-scale lithium carbonate operation.”

Peruvian approval imminent

In Peru, Latin Resources expects final government approval next month to develop exploration work to begin official drill permitting by First Quantum Minerals Limited (TSE:FM).

The drill design has been completed for a 5000-metre diamond drilling program to be conducted once permits have been approved.

With the Ausquest JV Copper Project in southern Peru, the transfer of concessions from Latin Resources to Canadian partner Westminster Resources Ltd (CVE:WMR) will be completed next month, enabling the JV arrangement to begin.

Westminster has entered a farm-In agreement with AusQuest Limited (ASX:AQD) covering five of the 36 Peruvian copper licences acquired by Westminster from Latin Resources, covering 4,900 hectares.

Gale added: “The corporate strategy of joint venturing our copper projects in Peru should also hopefully bring some positive news from our JV partners First Quantum and Westminster Resources once drilling starts on these exciting copper projects in one of the world’s largest copper provinces.”

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Thu, 24 Jan 2019 11:59:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213207/latin-resources-agreement-another-step-on-path-towards-drilling-argentine-lithium-projects-213207.html
<![CDATA[News - Latin Resources advances battery metals portfolio in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/211112/latin-resources-advances-battery-metals-portfolio-in-argentina-211112.html Latin Resources Ltd's (ASX:LRS) (FRA:XL5) Argentinian achievements include advancing lithium opportunities in San Luis to permitting stage, exploring at Catamarca and finishing the latest stage of pilot plant testing of a spodumene-to-lithium-carbonate process.

The Western Australian company's agreement with two San Louis communities will allow it to approach the San Luis provincial government for exploration and drilling permits, and other mining-related concessions.

LRS has been on the hunt for tenure in areas prospective for lithium and cobalt as it executes a long-term strategy to explore for minerals in South America.

READ: Latin Resources signs community agreement for Argentinian lithium development

The two provincial communities with which Latin Resources reached social and environmental agreement are San Francisco and Rio Gomez.

A community peace treaty acknowledged San Francisco and Rio Gomez’s interest in LRS’ Geminis and Don Gregorio, and Maria Del Huerto projects as well as other mining concessions in San Luis province.

Latin Resources’ lithium and cobalt projects in north-western and central Argentina

LRS managing director Chris Gale said, “We are extremely pleased by the signing of the agreement between the Province of San Luis and the communities.

“It is an important milestone which will enable us at last to commence work on our lithium projects.”

READ: Latin Resources appoints exploration manager in Argentina

LRS’ treaty achievement allows it to enter into memorandum of understanding discussions with San Luis government to lay down a criteria for developing a lithium and battery manufacturing industry in the province.

Permits and concessions could then be granted with the MOU.

LRS plans to drill selected drill targets at projects within San Luis province once permits are received.

The Estanzuela spodumene pegmatite in San Luis province

San Luis province projects

The company has flagged its Geminis and Don Gregorio project is its exploration team’s focus in the province.

This project has known spodumene mineralisation, with spodumene being a luminosilicate mineral that is a source of lithium.

The company reported in a projects update that contractors had been invited to quote on upgrading and constructing a surveyed access road to the project from the town of La Carolina.

LRS wrote on November 30, “Once permits have been received the exploration strategy will include a first-pass exploration drilling program to be conducted at the Geminis pegmatite.

Latin America’s Las Cuevas lithium mine and concessions in Argentina

LRS’ tenement package in San Luis province also includes the Estanzuela, Maria Del Huerto and the Trapiche pegmatites.

The company secured 100% ownership of the Las Cuevas mine and four extra concessions in the province in April 2018.

Las Cuevas mine, 133 kilometres from the San Luis provincial capital, has been intermittently operated since its debut in 1952.

The mine has been one of Argentina’s largest producers of spodumene, beryl and tantalite.

Felspar and quartz are other recent outputs of the mine.

READ: Latin Resources well-funded to advance lithium, cobalt strategy in Argentina

The mine concession contains a number of exposed pegmatites, with the main pegmatite being the focus of historical mining.

It has an exposed strike length of more than 400 metres, thickness of about 70 metres in the central zone and a central dip west of 30 degrees.

LRS believes it is a good target for drilling and, potentially, low-strip quarrying.

The company believes potential strike extensions to the north and south require further drilling.

NW Alto’s location in LRS’ Catamarca province tenement package

Catamarca province projects

LRS has reported its focus in the Catamarca region has shifted from known small spodumene occurrences to large pegmatite swarms found in NW Alto.

It said, “In mid-May the LRS geological team began the systematic mapping and sampling of these extensive (pegmatite) swarms.

“Since then the exploration team has continued to improve their understanding of the area and remain optimistic that with further work they can identify valuable drill targets.”

 

As previously highlighted by the company, a rock chip from the Buena Estrella small mine that had been exploited for beryl had returned 1.219% lithium oxide.

LRS wrote on November 30, “The sample was not of any traditional lithium ore mineral, however, the exploration team is encouraged by the presence of lithium in the NW Alto and will continue to progress its understanding here.”

The geographical formation where NW Alto’s .219% lithium rock chip was found in Catamarca province

Cobalt ground

The company also holds a cobalt project in the central north Argentinian province of La Rioja.

Latin’s three exploration licences at La Rioja cover the 22,563 hectares that surround the historical King Tut high-grade cobalt-gold mine.

The main activity in the region was in the early 1900s with a recorded production of between 60 and 80 tonnes of cobalt ore with an average grade of 1.3% cobalt.

Sources dating back to 1984 suggest King Tut mine usually has grades between 0.2% and 2.45% cobalt.

Rock chip sample results from Cecilia concession at Latin Resources’ La Rioja Cobalt Project

Process plant work

The National University of Cuyo (UnCuyo) in Argentina has completed the second phase of test work on its lithium carbonate process pilot plant in Mendoza, issuing a technical report.

An advance technical report details partial results from experimental tests to come up with optimal recovery conditions.

The next steps for the research will involve the team “determining the best way to extract lithium carbonate from the spodumene concentrate produced in the pilot plant”.

Latin Resources’ granted concessions at La Rioja Cobalt Project in Argentina

Latin American ground

LRS has ambitions to build its presence in the lithium and cobalt space, with good acreage to work with in Latin America.

The company has more than 263,000 hectares of lithium exploration concessions in Argentina and 22,563 hectares of cobalt exploration ground at La Rioja.

Other opportunities

LRS is also willing to explore opportunities to pick up projects, having a particular focus on battery metals projects in Argentina and Latin America.

The company is undertaking joint venture and offtake agreement discussions with parties interested in partnerships on permitted Argentinian lithium assets.

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Thu, 13 Dec 2018 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211112/latin-resources-advances-battery-metals-portfolio-in-argentina-211112.html
<![CDATA[News - Latin Resources signs community agreement for Argentinian lithium development ]]> https://www.proactiveinvestors.com.au/companies/news/209989/latin-resources-signs-community-agreement-for-argentinian-lithium-development-209989.html Latin Resources Ltd (ASX:LRS) has signed a social and environmental agreement with two communities in Argentina’s San Luis province where the lithium explorer is developing several hard rock lithium projects.

The company can now enter discussions with the San Luis government for a memorandum of understanding which will include the issue of exploration and drill permits, as well as certain concessions.

Metallurgical work has progressed and the company has received an advanced technical report with second-stage results from spodumene to lithium carbonate process test work undertaken by UnCuyo University.

LRS is also in preliminary discussions with several different parties for potential joint venture or offtake agreements in respect to its Argentinian lithium assets.

READ: Latin Resources appoints exploration manager in Argentina

Latin Resources managing director Chris Gale said the company was extremely pleased with the signing of the agreement.

Gale said: “It is an important milestone which will enable us at last to commence work on our lithium projects.

“The discussions with the government of San Luis province will now commence to establish a framework to develop a lithium industry after the exploration phase is completed by Latin Resources.

“Following the approval of the drilling permits for our San Luis projects the company will move forward with our objective of developing our maiden JORC resource.”

The Geminis pegmatite

  READ: Latin Resources leveraged to farm-in agreement over Peruvian copper projects

The social and environmental agreement also referred to as a community peace treaty, confirms the communities’ interest in actively participating in and supporting the development of a sustainable local mining industry.

It also obligates LRS to conduct educational and technical talks in relation to its projects; provide mining intellectual property and expertise in developing hard rock lithium pegmatites; provide free public courses presented by expert mining professionals; provide training and support to generate local jobs; and promote and sponsor community recreational activities.

The resulting MoU will outline the criteria for developing a lithium industry in San Luis and will also cover the potential manufacture of batteries and other associated products.

READ: Latin Resources well-funded to advance lithium, cobalt strategy in Argentina

The focus of exploration in San Luis is the Geminis mine and the surrounding Don Gregorio exploration concession.

Project tenements contain numerous large under-explored pegmatites with known spodumene mineralisation.

LRS is working on a detailed approach to systematically map and sample the pegmatite field to identify the potential for further lithium mineralisation in the area.

Once permits have been received the exploration strategy will include a first-pass drilling program to be conducted at the Geminis pegmatite.

The objective of the short program will be to ensure the pegmatite is extensive along strike and thick and well-mineralised throughout.

Other pre-drilling activities completed include surveying a proposed access route; receiving contractor quotes to upgrade and construct the access road; and engagement of a remote drilling specialist to provide options for early drill-testing.

Location of NW Alto in LRS' Catamarca tenement package

  READ: Latin Resources bags $6 million funding package to advance lithium, cobalt projects

The company has also shifted its focus in the Catamarca region from known small-scale occurrences to large pegmatite swarms in the Northwest Alto.

The NW Alto hosts hundreds of under-explored pegmatites outcropping over several square kilometres, with no modern exploration being conducted in the area.

Since May LRS’ geological team has been mapping and sampling the extensive swarms in NW Alto and remains optimistic that further work will identify drill targets.

A rock chip sample of 1.219% lithium was previously identified from within one of the only small mines in the region which had previously been exploited for beryl.

The sample was not of any traditional lithium ore mineral, however, the team is encouraged by the presence of lithium.

Location of the 1.219% lithium sample in the NW Alto

 

The technical report completed by UnCuyo University in Mendoza outlined results from the university’s second-stage test work on the spodumene to lithium carbonate process pilot plant.

The report presents partial results of experimental tests aimed at determining the best recovery conditions, by chemical precipitation, of the by-products of leaching spodumene with hydrofluoric acid.

The next stage will involve determining the best way to extract lithium carbonate from the spodumene concentrate produced in the pilot plant.

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Tue, 27 Nov 2018 00:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209989/latin-resources-signs-community-agreement-for-argentinian-lithium-development-209989.html
<![CDATA[News - Latin Resources appoints exploration manager in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/203840/latin-resources-appoints-exploration-manager-in-argentina-203840.html Latin Resources Ltd (ASX:LRS) has appointed Samuel Moyle as its new exploration manager for its Argentinian projects.

Moyle has 8 years experience in mineral exploration and resource development across Australia, Chile and Argentina working with a number of ASX-listed companies.

Most recently Moyle was with Pilbara Minerals Ltd (ASX:PLS) where he played a significant role enabling the discovery of the Pilgangoora Lithium Project in Western Australia.

READ: Latin Resources leveraged to farm-in agreement over Peruvian copper projects

Latin’s managing director Chris Gale said: “We are extremely pleased by the appointment of Sam Moyle as our new exploration manager to utilise his very sound knowledge and experience on hard rock lithium pegmatites in the WA Pilbara to develop our exciting lithium projects in Argentina.

“Sam is currently in Argentina familiarising himself with our projects.

“I am very confident that our San Luis projects will be permitted for drilling soon which in turn will enable the company to move forward with our objective of developing the company’s maiden JORC resource.

“We have also secured a solid funding arrangement with Lind Partners that finances our exploration including our drilling program.”

Gale visits new San Luis mining secretary

The company continues to make progress with project concessions being granted and drill permitting.

Latin’s managing director recently met with the new mining secretary for the San Luis province in Argentina.

The meeting was very positive and Latin is confidence that permitting is close to fruition.

Furthermore, as soon as the relevant permits are approved drilling will then commence on selected projects.

Spodumene to lithium carbonate result expected shortly

The National University of Cuyo (UnCuyo) has completed the first stage test work on the spodumene to lithium carbonate process pilot plant in Mendoza, Argentina.

The first stage test work assay results are expected to be released very shortly.

The trials are to test the patented process to convert spodumene concentrate to lithium carbonate product required by the battery market.

Latin has secured an exclusive licence to the technology being developed by UnCuyo.

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Thu, 30 Aug 2018 13:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203840/latin-resources-appoints-exploration-manager-in-argentina-203840.html
<![CDATA[News - Latin Resources leveraged to farm-in agreement over Peruvian copper projects ]]> https://www.proactiveinvestors.com.au/companies/news/203539/latin-resources-leveraged-to-farm-in-agreement-over-peruvian-copper-projects-203539.html Latin Resources Ltd (ASX:LRS) is leveraged to a farm-in agreement arranged by Westminster Resources (CVE:WMR) covering a number of copper projects in Peru.

The company is Westminster’s largest shareholder and the properties are among those recently divested to the Canadian-listed company.

Farm-in with AusQuest

Westminster has entered into the farm-in agreement with AusQuest Limited (ASX:AQD) which contemplates AusQuest completing 13,000 metres of drilling over 7.5 years to earn 65%.

There is also an option to earn 75% by completing a pre-feasibility study.

READ: Latin Resources completes non-core asset sale to Westminster Resources

This agreement covers five of the 36 Peruvian copper licences recently acquired by Westminster from Latin Resources, which total 4,900 hectares.

They form part of the Ilo Sur project, which Westminster acquired along with the Ilo Norte and Ilo Este projects.

Closure of the transaction includes Latin receiving 19 million Westminster shares and the appointment of Latin’s managing director Chris Gale to that company’s board.

READ: Latin Resources well-funded to advance lithium, cobalt strategy in Argentina

Westminster’s president and CEO Glen Indra said: “AusQuest is an active and well-funded explorer in the southern Peru region, and we welcome their involvement in our portfolio of projects.

“I’d like to thank Chris Gale, incoming director of Westminster, for his assistance in arranging this agreement, and look forward to AusQuest success, while Westminster focuses on its wholly-owned Ilo Norte and Ilo Este copper projects.”

Southwest of Ilo Este

The five licences being farmed into are southwest of the Ilo Este Copper Project.

AusQuest has licences adjacent to the Westminster licences which were drilled in 2016, providing encouragement to continue exploring this area for a possible buried porphyry copper target.

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Fri, 24 Aug 2018 16:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203539/latin-resources-leveraged-to-farm-in-agreement-over-peruvian-copper-projects-203539.html
<![CDATA[News - Latin Resources completes non-core asset sale to Westminster Resources ]]> https://www.proactiveinvestors.com.au/companies/news/201118/latin-resources-completes-non-core-asset-sale-to-westminster-resources-201118.html Latin Resources Ltd (ASX:LRS) will pocket 19 million shares of Westminster Resources Ltd (CVE:WMR) following the sale of its Ilo Norte and Ilo Este copper projects in Peru to Westminster.

Westminster has now completed the incorporation of its subsidiary in Peru, and has started the process to transfer the Peruvian copper projects acquired from Latin.

This completes the transaction revealed by Latin in September 2017.

READ:Latin Resources bags funds from non-core asset sale to Westminster Resources

Importantly, the closing of the transaction includes the issue of 19 million shares of Westminster (worth about C$2.66 million today) to Latin, which vest as follows:

• 1 million shares vest on 8 August 2018;
• 3 million shares vest on 8 February 2019, along with the final US$100,000 payment; and
• 15 million shares vest on 8 August 2019.

Westminster has also appointed, Chris Gale, managing director of Latin Resources to its board.

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Thu, 19 Jul 2018 17:03:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201118/latin-resources-completes-non-core-asset-sale-to-westminster-resources-201118.html
<![CDATA[News - Latin Resources well-funded to advance lithium, cobalt strategy in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/200640/latin-resources-well-funded-to-advance-lithium-cobalt-strategy-in-argentina-200640.html Latin Resources Ltd (ASX:LRS) is well-funded to progress its lithium and cobalt projects in Argentina after securing a $6 million convertible security funding agreement (CSFA) from The Lind Partners, New York.

READ: Latin Resources bags $6 million funding package to advance lithium, cobalt projects

The new funding will provide working capital to pursue exploration activities including the commencement of drilling at Latin’s Catamarca lithium projects in Argentina.

Latin was recently granted 13 of the 14 mining licences under application at its Catamarca projects, taking the total concessions granted in Catamarca to 21.

 

Favourable conversion terms for Latin

The new funding will include an initial amount of $2 million to be advanced to Latin, and a further investment of up to $4 million, subject to certain conditions having been met.

Lind will have the option, with the permission of Latin, to waive the repayment of $2.4 million for the initial amount and, instead, take a 5% direct equity ownership into the lithium projects.

It is worth noting that the CSFA has a fixed conversion price of 1.5 cents per share, which is more than double the company’s current share price of 0.7 cents.

Latin can elect to pay back the convertible note with cash at any time.

READ: Latin Resources set to drill lithium targets in Argentina after securing mining concessions

The recently granted mining licences cover existing mining areas and future zones which will be the focus of drilling over the coming months.

Importantly, the granted licences allow Latin to proceed with drill permitting and mining operational permitting.

New lithium targets identified

Latin’s geology team has been working on two new prospects in the Catamarca project area to generate drilling targets - Loma Pelada and Ipizca I.

Loma Pelada and Ipizca I are high-quality prospects with the possibility of containing significant tonnages of lithium bearing pegmatites.

Ipizca I Adit wall with widespread pink spodumene

For both the prospects, initial drill hole design for a first pass drilling program using diamond drilling has been completed with the current field work to refine the final hole locations.

The 3,180 metre drilling program will cover the entirety of each prospect in wide spaced drilling to evaluate the overall scale and orientation of the prospects.

Upon completion of the drilling and return of assays, follow-up resource definition drilling will be planned and undertaken where warranted.

La Rioja cobalt project

The company is also planning to define drill targets at its La Rioja cobalt project.

Latin’s three exploration licenses at La Rioja cover an area of 22,563 hectares that completely surrounds the historical King Tut high grade cobalt-gold mine.

The main activity in the region was in the early 1900s with a recorded production of between 60 tonnes and 80 tonnes of cobalt ore with an average grade of 1.3% cobalt.

Sources that date back to 1984 suggests the King Tut mine is the only known cobalt deposit in Argentina and contains grades usually ranging between 0.2% and 2.45% cobalt.

Unlocking lithium, cobalt bounty in Argentina

Latin has over 263,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca, San Luis and Salta Provinces, Argentina.

This is in addition to 22,563 hectares of prime cobalt exploration ground at La Rioja.

The company is also progressing its iron oxide copper-gold (IOCG) and copper porphyry projects in the Ilo region in Peru with joint venture partner First Quantum Minerals Limited (TSE:FM).

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Thu, 12 Jul 2018 15:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200640/latin-resources-well-funded-to-advance-lithium-cobalt-strategy-in-argentina-200640.html
<![CDATA[News - Latin Resources bags $6 million funding package to advance lithium, cobalt projects ]]> https://www.proactiveinvestors.com.au/companies/news/199092/latin-resources-bags-6-million-funding-package-to-advance-lithium-cobalt-projects-199092.html Latin Resources Ltd (ASX:LRS) has executed a $6 million convertible security funding agreement (CSFA) with an optional equity earn-in to its Argentinean lithium projects with The Lind Partners, New York.

The CSFA will provide a source of capital to enable Latin to pursue its program of project development and exploration across its portfolio of lithium and cobalt projects in Argentina.

Favourable conversion terms for Latin 

The funding will include an initial amount of $2 million to be advanced to Latin, and a further investment of up to $4 million, subject to certain conditions having been met.

Lind will have the option, with the permission of Latin, to waive the repayment of $2.4 million for the initial amount and, instead, take a 5% direct equity ownership into the lithium projects.

It is worth noting that the CSFA has a fixed conversion price of 1.5 cents per share, which represents a 100% premium to the company’s 5-day volume weighted average share price.

Latin can elect to pay back the convertible note with cash at any time.

READ: Latin Resources set to drill lithium targets in Argentina after securing mining concessions

The new funding will provide working capital to pursue exploration activities including the commencement of drilling at Latin’s Catamarca lithium projects which have now been granted.

Latin will also submit drill permits for the Lomo Pelada and Ipizca 1 concessions in Catamarca.

In addition, the company will start defining drill targets at its La Rioja cobalt project.

READ: Latin Resources eyes cobalt targets near historical cobalt mine in Argentina

Once these drill targets are defined, permits will be applied for with drilling to commence thereafter.

Latin managing director Chris Gale said: ”The CFSA facility provided by our funding partners, Lind, provides the company necessary working capital as we expand operations in Argentina.

“Compared with an equity placement, the convertible security funding provides a cost effective source of capital and may also reduce the potential dilution of existing shareholders.”

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Tue, 19 Jun 2018 13:56:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199092/latin-resources-bags-6-million-funding-package-to-advance-lithium-cobalt-projects-199092.html
<![CDATA[News - Latin Resources set to drill lithium targets in Argentina after securing mining concessions ]]> https://www.proactiveinvestors.com.au/companies/news/198232/latin-resources-set-to-drill-lithium-targets-in-argentina-after-securing-mining-concessions-198232.html Latin Resources Ltd (ASX:LRS) has been granted 13 of the 14 mining licences under application at its Catamarca projects in Argentina, taking the total concessions granted in Catamarca to 21.

The areas converted covers existing mining areas and future zones which will be the focus of drilling over the coming months.

Importantly, the granted licences will allow Latin to proceed with drill permitting and mining operational permitting.

READ: Latin Resources continues to progress lithium, cobalt strategy in Argentina

Latin managing director Chris Gale said: “The granting of all of our concessions in the province of Catamarca now gives Latin Resources a new focus especially with some recently discovered spodumene drill targets.

“The goal for Latin to define a JORC resource to add incredible value to the company is fast approaching”

New lithium targets identified

The company has commenced drill permitting on its lithium projects in the Catamarca province with a number of new exciting targets recently identified.

Latin’s geology team has been working on two new prospects in the Catamarca project area to generate drilling targets.

Loma Pelada and Ipizca I are high-quality prospects with the possibility of containing significant tonnages of lithium bearing pegmatites.

Ipizca I Adit wall with widespread pink spodumene

Initial drill hole design completed

For both the prospects, initial drill hole design for a first pass drilling program using diamond drilling has been completed with the current field work to refine the final hole locations.

The 3,180 metre drilling program will cover the entirety of each prospect in wide spaced drilling to evaluate the overall scale and orientation of the prospects.

Upon completion of the drilling and return of assays, follow-up resource definition drilling will be planned and undertaken where warranted.

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Tue, 05 Jun 2018 15:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198232/latin-resources-set-to-drill-lithium-targets-in-argentina-after-securing-mining-concessions-198232.html
<![CDATA[News - Latin Resources eyes cobalt targets near historical cobalt mine in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/197155/latin-resources-eyes-cobalt-targets-near-historical-cobalt-mine-in-argentina-197155.html Latin Resources Ltd (ASX:LRS) has been granted three concessions totalling over 22,000 hectares at the La Rioja Cobalt Project in Argentina.

This clears the path for Latin to commence detailed exploration including trenching, geophysics and drill targeting to follow up on the broad mapping recently completed.

Latin’s three exploration licences cover prime cobalt exploration ground that surrounds the historical King Tut high-grade cobalt-gold mine.

Notably, the King Tut mine was operative in the early part of the last century and reportedly produced 60-80 tonnes of ore grading 1.3% cobalt between 1901-1902.

READ: Latin Resources continues to progress lithium, cobalt strategy in Argentina

Latin has also commenced drill permitting on its lithium projects in the Catamarca province of Argentina with a number of new exciting targets identified.

The company recently applied to convert about 40% of its exploration licences in Catamarca into mining licences (MDA’s).

Once the MDA’s are granted Latin will have the right to proceed with mining operational permitting. The MDA’s will, therefore, secure Latin’s long-term development plan.

Two high-quality drilling targets in Catamarca

Latin’s geology team has been working on two new prospects in the Catamarca project area to develop drilling targets.

Lomo Pelada and Ipizca I are considered to be high-quality prospects with the possibility of containing significant tonnages of lithium bearing pegmatites.

For both the prospects, initial drill hole design for a first pass drilling program using diamond drilling has been completed with current field work to refine the final hole locations.

This drilling will cover the entirety of each prospect in wide-spaced drilling to evaluate the overall scale and orientation of the prospects.

READ: Latin Resources focused on developing lithium resources at Maria del Huerto and Las Cuevas

Managing director Chris Gale said: “The granting of our concessions in the rich cobalt belt district of La Rioja now gives us the ability to define drill targets to then start drilling.

“We continue to have delays with permitting in San Luis so we will now turn our focus to some new exciting drill targets in Catamarca district.

“We will continue to persevere with San Luis permits and hopefully have the go-ahead to start drilling in this province as well very soon”

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Thu, 17 May 2018 14:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197155/latin-resources-eyes-cobalt-targets-near-historical-cobalt-mine-in-argentina-197155.html
<![CDATA[News - Latin Resources seeks to add to its Argentine lithium bounty through Las Cuevas acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/195429/latin-resources-seeks-to-add-to-its-argentine-lithium-bounty-through-las-cuevas-acquisition-195429.html Latin Resources Ltd (ASX:LRS) is likely to add to its suite of Argentine lithium prospects with an agreement providing a direct path to owning concessions around the historical Las Cuevas mine.

A binding letter of intent has been signed with the vendor to acquire 100% of the Las Cuevas concessions in the province of San Luis.

Las Cuevas has historical links to lithium mining in San Luis and contains high-grade lithium-bearing pegmatites.

READ: Latin Resources continues to progress lithium, cobalt strategy in Argentina

Managing director Chris Gale said, “A further acquisition of a known lithium mine is continuing to build the company’s strategy of controlling all known hard rock lithium pegmatites in Argentina.

"We now control the largest lithium hard rock concession base in Argentina”.

The mine has been operating sporadically via quarrying and underground methods since 1952 when it first went into production.

It has been one of Argentina’s largest producers of spodumene, beryl and tantalite while feldspar and quartz have also been recently produced.

READ: Latin Resources enhances lithium strategy in Argentina with additional prospects

In addition to Las Cuevas concession, there are four other concessions included in the agreement, which are also highly prospective for lithium and tantalum.

The concessions are within the Conlara pegmatite field, which is the central of three pegmatite fields in San Luis that are all part of the Pampean pegmatite province.

Prolific pegmatite field

This is the same pegmatite field that hosts Latin’s Maria del Huerto mine and the significant historical lithium mines of Cabeza de Novilla, La Meta, La Boca and La Puntillosa.

Las Cuevas concession contains several exposed pegmatites.

The main one, which has been the focus of historical activity, has an exposed strike length of more than 400 metres, an apparent thickness of up to 70 metres in the central zone and a gentle dip to the west of 30 degrees.

Attractive drilling target

This makes it an attractive target for drilling and potentially low strip quarrying.

There are possible strike extensions to this pegmatite to the north and south that will require drilling to delineate.

The western portion of the main pegmatite is exposed along its strike length by quarrying.

Gale said: “Latin Resources is very focused on moving forward to developing a JORC resource and then moving into production to take advantage of the buoyant and high lithium prices.”

Mapping and sampling planned

Latin plans further detailed geological mapping and sampling to confirm current thinking and to delineate possible extensions to the Las Cuevas deposit and the surrounding licences.

This will be done once the legal and permitting requirements including the environmental impact reports and reactivation of Las Cuevas mining concession are approved.

The company has secured more than 266,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca, San Luis and Salta provinces, Argentina.

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Fri, 20 Apr 2018 14:24:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195429/latin-resources-seeks-to-add-to-its-argentine-lithium-bounty-through-las-cuevas-acquisition-195429.html
<![CDATA[News - Latin Resources continues to progress lithium, cobalt strategy in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/194291/latin-resources-continues-to-progress-lithium-cobalt-strategy-in-argentina-194291.html Latin Resources Ltd (ASX:LRS) is continuing to make progress at its lithium, cobalt projects in Argentina and copper projects in Peru.

READ: Latin Resources enhances lithium strategy in Argentina with additional prospects

Latin managing director Chris Gale said: “The company is set to start drilling its Argentina lithium projects and its Copper projects in Peru which will hopefully produce some positive results.

“The exploration team in Argentina has spent considerable time in the field to define next targets once permits are approved.”

La Rioja Cobalt project in Argentina

Latin has conducted initial field work on the La Rioja concession applications in Argentina which surround the historical King Tut cobalt mine.

A total of 39 rock chip samples have been taken from this campaign and submitted for testing base and precious metals including cobalt.

These results are expected mid to late April. Ongoing field work will continue during the second quarter.

Maria De Huerto in San Luis, Argentina

Latin’s claims include the Maria Del Huerto deposit, which was mined between 1936 and 1940 and was one of the first spodumene deposits in the San Luis Province to have good grades.

Negotiations are continuing with contractors to finalise drill contracts subject to permitting.

Lithium carbonate for the battery market

The UnCuyo University in Mendoza, Argentina has commenced construction of the test bench process pilot plant with monetary contribution provided by Latin.

UnCuyo’s trials are to test a patented process to convert spodumene concentrate to a lithium carbonate product required by the battery market.

The completion of the pilot plant build is expected in April with trials to commence shortly after.

Sale of Peruvian copper assets

Latin is progressing drill target identification at the Pachamanca/MT-03 copper project in Peru along with Canadian mining giant First Quantum Minerals Ltd (TSE:FM), which is earning into the project.

The drill design process is being completed to conduct a drill program once drill permits have been approved.

The company recently received the initial cash payment of US$150,00 from the sale of its Ilo Copper Project in Peru to Westminster Resources (CVE:WMR) for a total consideration of circa $6.8 million.

Latin’s focus is largely on its portfolio of battery mineral assets, and funds from the divestment of the Ilo Copper Project will assist in progressing these interests.

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Thu, 05 Apr 2018 12:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194291/latin-resources-continues-to-progress-lithium-cobalt-strategy-in-argentina-194291.html
<![CDATA[News - Latin Resources appoints consultants to build relations in Germany ]]> https://www.proactiveinvestors.com.au/companies/news/192214/latin-resources-appoints-consultants-to-build-relations-in-germany-192214.html Latin Resources Ltd (ASX:LRS) has appointed European investor relations consultants to assist in building relations with German-speaking retail and institutional investors.

Appointment of Frankfurt-based Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA) will also position the company in the German-speaking media environment.

This appointment provides Latin Resources with the opportunity to expand the level of interest in its lithium, cobalt and copper strategy throughout Europe.

Complements German listing

It also complements the company’s listing on German stock exchanges in Frankfurt, Berlin and Stuttgart.

The boutique European investment and financial markets consulting firm, founded by Stefan Müller, has assisted ASX-listed European Lithium Ltd (ASX:EUR) in a similar capacity.

READ: Latin Resources adds significant value to portfolio as it focuses on battery mineral assets

Chris Gale, managing director said, "We are very pleased to have secured Mr Müller's services and his recent record speaks for itself.

"He is very experienced in the German markets and his investor following is exceptionally credible having recently been involved in developing investor support for European Lithium.

"The promotion to the sophisticated investors of Europe will enable Latin to get great exposure to a massive investor market in this region."

READ: Latin Resources enhances lithium strategy in Argentina with additional prospects ]]>
Tue, 27 Feb 2018 08:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192214/latin-resources-appoints-consultants-to-build-relations-in-germany-192214.html
<![CDATA[News - Latin Resources enhances lithium strategy in Argentina with additional prospects ]]> https://www.proactiveinvestors.com.au/companies/news/191749/latin-resources-enhances-lithium-strategy-in-argentina-with-additional-prospects-191749.html Latin Resources Ltd (ASX:LRS) is enhancing its lithium strategy in Argentina by seeking an additional five concessions close to its existing San Luis Province projects.

The Condor lithium concessions comprise 44,177 hectares in the northeast of the Sierra de San Luis and in the vicinity of historic lithium mines.

Latin now controls more than 145,000 hectares of lithium prospective tenements in San Luis and 294,000 hectares in Argentina.

Binding term sheet is signed

The company has signed a binding terms sheet with Kontrarian Resources Fund No 1 to secure the tenements for total consideration of $3.5 million in cash and shares.

Chris Gale, managing director, said: “The acquisition of the Condor concessions is further to Latin Resources’ strategy of building scale by controlling all of the known hard rock lithium pegmatites in Argentina.

“Latin Resources is very focused on developing a JORC resource and then moving into production to take advantage of the buoyant and high lithium prices.”

READ: Latin Resources receives approvals paving way for lithium drilling

The area hosts known historical lithium pegmatite mines that produced spodumene concentrate grading 6.3% to 8.1% lithium carbonate, including La Meta and Cabeza de Novilla.

Many smaller-scale pegmatite outcrops are evident within the concessions with some larger bodies being exploited by open pit mining for feldspar and quartz.

Latin’s geological staff recently examined close-spaced pegmatites with thicknesses up to 30 metres and extending for more than a kilometre in strike.

Pegmatites considered prospective

Given the location and proximity to known spodumene occurrences, these pegmatites are considered prospective for lithium mineralisation.

The area is within Sierras Pampeanas geological province which contains more than 95% of Argentina’s pegmatites and has historically been the source of spodumene, beryl, quartz, feldspar muscovite and tantalite.

Latin Resources is securing additional concessions in San Luis Province.

Until now, there has been little to no modern exploration on the concessions and Latin intends to incorporate them into its grassroots exploration plan for 2018.

This will include detailed mapping and geochemical sampling to identify prospective zones for follow-up drilling.

READ: Latin Resources attracts investors as news flows from Argentina and Peru

San Luis Province has an established small mining industry that produces quartz and feldspar for the glass and ceramics industry from hundreds of small mines.

There are circa eight crushing/grinding plants that process and sell minerals up the value chain for the ceramics and glass industry.

Processing options

Latin is in discussions with plant owners/operators to enable a spodumene circuit to be added to an existing crushing plant.

It has recently appointed Western Australian-based Primero Group, a turnkey design, construction and commission engineering company with experience on hard rock spodumene deposits.

The brief for Primero is to start test work on Latin’s spodumene samples to determine a flowsheet to produce a spodumene concentrate.

Use of an existing plant would negate the normally lengthy process of mine plant approvals based on building a new plant as well as provide cost-saving benefits.

Gale said the acquisition coupled with other lithium pegmatite projects and plant processing capacity presented a unique opportunity to fast-track production of spodumene concentrate.

READ: Latin Resources adds significant value to portfolio as it focuses on battery mineral assets

The company has recently positioned itself to take advantage of the production of battery minerals by divesting its Peruvian copper assets. 

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Fri, 16 Feb 2018 14:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191749/latin-resources-enhances-lithium-strategy-in-argentina-with-additional-prospects-191749.html
<![CDATA[News - Latin Resources adds significant value to portfolio as it focuses on battery mineral assets ]]> https://www.proactiveinvestors.com.au/companies/news/191346/latin-resources-adds-significant-value-to-portfolio-as-it-focuses-on-battery-mineral-assets-191346.html Latin Resources Ltd (ASX:LRS) has positioned itself to generate value for its shareholders through the divestment of its Peruvian copper assets.

The company’s focus is largely on its portfolio of battery mineral assets, and funds from the divestment of its Peruvian copper assets will assist in progressing these interests.

Through joint venture agreements and the development of established lithium and cobalt projects, Latin Resources will be able to make actively target the battery mineral space.

The company also has other copper projects at various stages of exploration.

Sale of Peruvian copper assets finalised

Latin Resources has finalised the sale of its Peruvian copper assets to Westminster Resources Limited (TSX-V:WMR) for a total of circa $6.8 million in cash shares.

Westminster Resources is listed company on the Toronto Venture Exchange.

The sale and transfer will entitle Westminster to 100% ownership of a total of 44 concessions, including the Ilo Norte and Ilo Este projects.

These are spread over 36,000 hectares held by Latin’s 100% owned subsidiary, Peruvian Latin Resources SAC.

The formal Property Purchase Agreement has been executed by both parties with Latin Resources to receive the first instalment of USD$150,000 ($195,000) within 7 days.

Issue of 19 million Westminster shares part of consideration

Upon transfer of ownership of the concessions, Westminster will issue 19 million shares to Latin as part of the consideration.

These will be placed into voluntary escrow as milestones are met through to 18 months from the signing of the agreement.

Based on the current share price of WMR of CAD$0.345, the sale transaction has a total value of more than AUD$6.8 million.

This comprises $6.5 million in shares and US$250,000 in cash.

 Circa $6.8 million adds tangible value to portfolio

The current market capitalisation of Latin Resources is $26 million based on a share price of $0.01 per share.

This indicates that the divestment of the copper assets for over $6.8m adds significant tangible value to Latin Resource's portfolio.

The company received $1 million in funding from an Asian resources fund in November through a placement at $0.008 to assist in executing on its lithium strategy.

READ: Latin Resources lithium strategy attracts investment from Asian fund

Latin Resources will also maintain a material strategic interest in the projects that have been divested through its 43% stake in Westminster.

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Thu, 08 Feb 2018 14:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191346/latin-resources-adds-significant-value-to-portfolio-as-it-focuses-on-battery-mineral-assets-191346.html
<![CDATA[News - Latin Resources attracts investors as news flows from Argentina and Peru ]]> https://www.proactiveinvestors.com.au/companies/news/189058/latin-resources-attracts-investors-as-news-flows-from-argentina-and-peru-189058.html Latin Resources Ltd's (ASX:LRS) shares have more than doubled to $0.01 over the past six weeks' as the company continues to advance its assets in South America.

The company is set for strong news flow into 2018 on both the lithium and cobalt front, while also being leveraged to the improving copper price.

READ: Latin Resources lithium strategy attracts investment from Asian fund

First up Latin Resources has received the go-ahead to order equipment for the UnCuyo University spodumene technology first stage pilot plant, with construction to commence in January 2018, and should be completed in February.

The initial investment is minimal and in the vicinity of USD$50,000, with a further investment to scale plant to full pilot plant size.

Initial test work will commence in March 2018.

If proven successful the test work will lead to the building of a full scale pilot plant to further prove the process of turning a spodumene concentrate into a lithium carbonate product over which Latin Resources has secured a technology license agreement.

Chris Gale, managing director, commented:

"Latin Resources has now set a strong foundation in 2017 to commence serious development of its lithium projects in Argentina.

"The plan to develop a JORC resource and then move into a pre-feasibility study proves to be exciting times for Latin in 2018."

Loma Pelada, Catamarca

Mapping and sampling have been completed at the Lomo Pelada project in Catamarca province.

Historical mapping and a first pass visit in early 2017 showed the likelihood of multiple sub parallel pegmatites.

This has now been confirmed with drill targets currently being determined with drilling to commence in the first-quarter of 2018.

Coming up

Latin Resources will undertake exploration and resource development drilling at the Maria del Huerto project in San Luis commencing in late January 2018 once the drilling operator has been appointed.

Drilling will be funded from existing cash resources.

Metallurgical test work will be carried out on a material derived from drill core, and the company strategy is to run the scoping study in parallel with the drilling to determine a JORC resource in respect of its lithium projects in Argentina.

The purpose of this work is to provide Latin Resources an indicative CAPEX for a stand-alone process plant.

Adding to the news flow, concession applications covering over 98,000 hectares in San Luis are expected to be granted early 2018.

Moving to cobalt

At the La Rioja Cobalt project, the consultants that submitted the concession applications and completed the supporting EIA’s have advised that the approvals of the EIA’s and the issue of the concessions is imminent.

They also advise that geological work such as mapping and sampling can be carried out now.

Consequently, fieldwork will commence in the first-quarter of 2018 for further mapping and sampling to assist in determining drill targets.

Copper leverage

First Quantum Minerals has commenced an induced polarization geophysics program on the MT03 copper concessions in Ilo District, Southern Peru.

The data will be analysed and on completion used to generate drill targets with the drill permitting to commence shortly thereafter.

Gale added: "The possibility of First Quantum drilling our copper project in Ilo along with our new sister company Westminster Resources developing our other Ilo copper projects adds further value to LRS with copper prices recently reaching 5 years highs."

Also, the sale of the company's copper assets in Southern Peru to Westminster Resources Ltd (TSXV:WMR) is nearing completion.

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Wed, 20 Dec 2017 13:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189058/latin-resources-attracts-investors-as-news-flows-from-argentina-and-peru-189058.html
<![CDATA[News - Latin Resources lithium strategy attracts investment from Asian fund ]]> https://www.proactiveinvestors.com.au/companies/news/187864/latin-resources-lithium-strategy-attracts-investment-from-asian-fund-187864.html Latin Resources Ltd (ASX:LRS) has pocketed $1 million through a placement at $0.008 to a strategic Asian resources fund.

The funds will be allocated to exploration work on the lithium targets identified in Argentina, to maintain the Peruvian mineral properties in good standing and for working capital.

READ: Latin Resources receives approvals paving way for lithium drilling

Latin Resources is also continuing preliminary discussions with a number of parties to enter into a potential joint venture and offtake arrangement.

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Tue, 28 Nov 2017 10:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187864/latin-resources-lithium-strategy-attracts-investment-from-asian-fund-187864.html
<![CDATA[News - Latin Resources receives approvals paving way for lithium drilling ]]> https://www.proactiveinvestors.com.au/companies/news/186620/latin-resources-receives-approvals-paving-way-for-lithium-drilling-186620.html Latin Resources (ASX:LRS) has had its Environmental Impact Report approved for the Maria del Huerto project in Argentina clearing the way for lithium exploration and drilling.

Further detailed mapping and sampling has been completed at the site which has generated targets for initial exploration and resource development drilling.

Circa 1,200 metres of diamond drilling and 3,000 metres of reverse circulation drilling has been planned to target the sheeted pegmatite mineralisation.

The target zone contains at least three, possibly four closely spaced pegmatites that are separated by 20-30 meters, dip at 50-60 degrees and extend over a 400-metre strike length.

It is the company’s intention to carry out the drilling at Maria del Huerto in conjunction with another project to reduce and share the cost of mobilising rigs and drill crews.

Chris Gale, managing director, commented

“Latin Resources is consistently adding value to its lithium landholding in Argentina by securing new lithium ground discovered by our in country exploration team.

“Latin now has over 90,000 hectares over hard rock pegmatites is San Luis province, one of the largest landholdings in Argentina.

“The approval of the environmental and drilling permit for Latin’s Maria de Huerto project will know allow us to commence drilling over the coming months.”

More exploration ground applied for

Latin has also recently submitted 10 new exploration concession applications covering 73,243 hectares in the San Luis Province, Argentina.

The submission comes after an evaluation was complete identifying possible pegmatitic outcrops using satellite imagery analysis and then ground trothing the outcrops to confirm they were pegmatites.

The company now has 98,030 hectares under application or agreement in San Luis Province.

Final agreement signed at Geminis Mine

Last week, the final agreement was signed with the owners of the Geminis Mine and Don Gregorio exploration concessions located in Argentina.

This solidifies the company’s pathway to 100% ownership of the prized historic lithium mine and allows the continuation with certainty of the steps required for the permitting to allow the resource development work to commence at the project.

READ NOW: Latin Resources identifies high-grade lithium at newly acquired Geminis Mine

Under the terms of the agreement, Latin now has six months to gain the approval of the environmental impact report and the reactivation plan.

This is a maximum time frame however it is the company’s intention to fast track this process to gain the approvals as quickly as possible.

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Thu, 02 Nov 2017 15:22:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186620/latin-resources-receives-approvals-paving-way-for-lithium-drilling-186620.html
<![CDATA[News - Latin Resources' strategic lithium projects attract Speculative Buy ]]> https://www.proactiveinvestors.com.au/companies/news/185540/latin-resources-strategic-lithium-projects-attract-speculative-buy-185540.html Latin Resources Ltd (ASX:LRS) continues to advance its lithium strategy in Argentina, and has now attracted a Speculative Buy rating from Resource Capital Research.

The following is an extract from the report.

Focused on near-term lithium production in Argentina

Latin Resource's has emerged from a period of transformation with a portfolio that includes strategic hardrock lithium projects in Argentina and First Quantum as a JV partner at the Ilo Sur copper project in Southern Peru.

Lithium concessions include historic spodumene production and exciting potential for large scale, high grade discovery (drilling 4Q17 10,000m), potential for fast track resource definition 1Q18 and production at a third party processing plant from 2020.

Investment Points

- Mineral exploration and development company focused on lithium and cobalt in Argentina, and copper in Peru.

- Southern Peru copper belt is a major copper producing region. LRS has strategic exposure through a JV with First Quantum for Ilo Sur and a 43% stake in TSX.V:WMR for Ilo Este and Ilo Norte projects. Projects are proximal to power and key transport infrastructure - rail, road and port.

- Ilo Sur Copper Project (100/49/20/0% LRS) – potential large porphyry copper target interpreted from geophysics. Global copper producer First Quantum Minerals (TSX:FM) JV partner. LRS free carried.

- LRS holds over 100,000ha in Argentina prospective for hardrock lithium pegmatite. Drilling San Luis 4Q17 (10,000m); potential resource 1Q18.

- Geminis Lithum Mine (San Luis district, Argentina) acquired (binding LOI Aug '17): historic high grade lithium (spodumene) production. Potential for fast track, small scale production from 2020.

- Turnkey engineering company appointed by LRS to develop flowsheet for spodumene concentrate production at San Luis.

- Guadalupito  mineral sands project (100% LRS, Peru): World class resource 1.1bt @ 6.1% Heavy Mineral (HM); conceptual exploration target 4.5bt @ 6.1% HM. Very large and shallow deposits. PFS stage. Seeking partner.

- Global lithium-ion battery capacity is expected to increase 521% from 2016 to 2020. Lithium battery offtake is expected to reach 374,000t LCE by 2025 up from 64,000t in 2015, driven by EV and grid storage.

Share price catalysts

- Fast track exploration and development milestones for lithium projects in  Argentina - drilling 4Q17 (10,000m);

- Potential resource 1Q18;

- PFS 2H18;

- Potential drilling La Rioja cobalt project 1H18;

- Ongoing copper exploration in Peru; and

- Potential sale of Guadalupito.

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Fri, 13 Oct 2017 11:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185540/latin-resources-strategic-lithium-projects-attract-speculative-buy-185540.html
<![CDATA[News - Latin Resources bags $1.5M for lithium exploration in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/185306/latin-resources-bags-15m-for-lithium-exploration-in-argentina-185306.html Latin Resources Ltd (ASX:LRS) is raising circa A$1.5 million via a placement of shares at $0.0035 each to progress the exploration work on its lithium targets in Argentina.

The shares, along with one-for-two free attaching options, will be issued to sophisticated and professional investors.

The funds raised from the placement will be used to further exploration work on the lithium targets identified in Argentina and maintain Latin’s Peruvian mineral properties in good standing.

Latin recently signed an agreement that gives the company a direct path to 100% ownership of the prized Geminis Mine and surrounding Don Gregorio concessions, located in Argentina.

The company’s technical team has rated the spodumene mineralisation at the mine as the best they had explored in the country.

The main pegmatite is up to 18 metres thick, and more than 200 metres long, while gently dipping at 20-30 degrees.

The area contains multiple similar unexplored pegmatites.

Interestingly, the individual pegmatites vary from 4 metres up to 20 metres in thickness and dip at between 15 to 30 degrees, which is an ideal orientation for any future possible open pit mining.

Mining at Geminis began in the 1930’s and continued until 1959.

Since then very sporadic mining has taken place but there has been no recent activity.

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Tue, 10 Oct 2017 12:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185306/latin-resources-bags-15m-for-lithium-exploration-in-argentina-185306.html
<![CDATA[News - Latin Resources to reveal corporate update following exclusive license over lithium extraction technology ]]> https://www.proactiveinvestors.com.au/companies/news/185151/latin-resources-to-reveal-corporate-update-following-exclusive-license-over-lithium-extraction-technology-185151.html Latin Resources Ltd (ASX:LRS) this week entered into an agreement for an exclusive license to use patented lithium extraction technology in Argentina, Australia,  China, Canada and the U.S.

READ NOW: Latin Resources secures option over lithium extraction technology

The company is now preparing to outline details of a capital raising and corporate update, with the ASX granting a trading halt.

The halt will remain in place until the opening of trade on Tuesday 10th October 2017, or earlier if an announcement is made to the market.

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Fri, 06 Oct 2017 09:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185151/latin-resources-to-reveal-corporate-update-following-exclusive-license-over-lithium-extraction-technology-185151.html
<![CDATA[News - Latin Resources secures option over lithium extraction technology ]]> https://www.proactiveinvestors.com.au/companies/news/185090/latin-resources-secures-option-over-lithium-extraction-technology-185090.html Latin Resources (ASX:LRS) has signed an option agreement for an exclusive licence to use patented lithium extraction technology in Argentina, Australia,  China, Canada and the U.S.

The patented, environmentally-friendly, spodumene to lithium carbonate technology was developed by the National University of Cuyo (UnCuyo) in Mendoza, Argentina.

Importantly, this technology will potentially allow Latin to develop its large-scale hard rock spodumene pegmatite projects in Argentina into lithium carbonate production.

Latin has over 1,000 square kilometres of prospective exploration concessions in the lithium pegmatite districts of Catamarca and San Luis Provinces in Argentina.

The company’s focus is on developing a JORC resource over the coming months and then moving into design phase for a spodumene concentrate plant.

Chris Gale, managing director, commented

“The securing of a lithium carbonate technology is another step forward for Latin Resources to move into the lucrative production of the highly valued electric battery minerals market.

“The current price of spodumene concentrate is $700‐$900 compared to lithium carbonate price of between $12,000-$15,000, this will add incredible value if the technology is proven successful at commercial scale.”

Opportunity to fast-track production

The company’s lithium exploration projects together with existing plant processing capacity in San Luis presents a unique opportunity for Latin Resources to fast-track production of spodumene concentrate.

READ: Latin Resources identifies high-grade lithium at newly acquired Geminis Mine

The successful development of the lithium carbonate technology would then enable Latin to provide the full value chain of processing hard rock to spodumene concentrate to lithium carbonate for the expanding global electric battery market.

The strategy moving forward is now to produce a maiden JORC resource, to run in parallel with the design and permitting of a spodumene plant to add to an existing mining plant operation in San Luis.

Lithium extraction technology

The UNCuyo researchers discovered and developed the technology as an alternative to the current method of lithium extraction.

The rock is crushed and, through chemical treatments, the lithium is recovered in the form of salts.

The method is environmentally friendly, and it leaves no environmental legacies which other procedures do that are currently being used for lithium carbonate recovery.

Dr Mario Rodriguez, researcher, commented: “It is an alternative process that lowers the costs and makes intensive use of the mineral besides lithium; several commercially important products are also obtained through the process." 

Proving the technology

Pursuant to the agreement, Latin will support the development of the technology through the financing and scaling up of the technology.

The first stage of funding to be provided by Latin will enable UnCuyo to build a lab scale pilot plant to test the technology within their Mendoza campus.

The second stage funding will then allow UnCuyo to build a full-size pilot plant to test the technology at a commercial scale level.

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Thu, 05 Oct 2017 15:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185090/latin-resources-secures-option-over-lithium-extraction-technology-185090.html
<![CDATA[News - Latin Resources identifies high-grade lithium at newly acquired Geminis Mine ]]> https://www.proactiveinvestors.com.au/companies/news/184184/latin-resources-identifies-high-grade-lithium-at-newly-acquired-geminis-mine-184184.html Latin Resources Ltd (ASX:LRS) recently signed an agreement that gives the company a direct path to 100% ownership of the prized Geminis Mine and surrounding Don Gregorio concessions, located in Argentina.

Latin Resources' technical team rated the spodumene mineralisation at the mine as the best they had explored in the country.

The main pegmatite is up to 18 metres thick, and more than 200 metres long, while gently dipping at 20-30 degrees.

The area contains multiple similar unexplored pegmatites.

READ NOW: Latin opens potential lithium production window in Argentina

Latin Resources has now revealed positive field activities which included mapping and sampling.

Analysis of twenty nine samples collected from exposures of pegmatites in historical underground mine workings and adjacent outcrops in multiple pegmatites within the Geminis and Don Gregorio concession have reported grades of up to 3.83% lithium.

Chris Gale, managing director, commented:

"The acquisition of the Geminis mine and subsequent positive field work that displays pegmatites with strike length of 7.5 kilometres, thickness of 4 to 20 metres coupled with high grades of lithium gives Latin a fantastic opportunity to develop a JORC resource quickly then into a potential open pit mine.

"With the delay in permitting due to local elections over, this will now allow Latin to finish of its EIA and Drill permit to start drilling very soon."

Initial work details

The initial work has concentrated efforts in and around the Geminis Mine workings and then expanded out into the Don Gregorio exploration concession.

In the mine area six pegmatite bodies have been mapped sometime as discreet structures over a strike length of 1.6 kilometres following the major trend of the orebody that has been exploited through historical mining.

The individual pegmatites vary from 4 metres up to 20 metres in thickness and dip relatively gently to the south east at between 15 to 30 degrees which is an ideal orientation for any future possible open pit mining.

History of Geminis

Mining at Geminis began in the 1930’s and continued until 1959.

Since then very sporadic mining has taken place but there has been no recent activity.

Apart from a small open pit to the south of the operations all of the mining was undertaken using underground methods.

The underground workings that have been observed consist of three adits which access a series of tunnels that vary in size and length.

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Tue, 19 Sep 2017 14:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184184/latin-resources-identifies-high-grade-lithium-at-newly-acquired-geminis-mine-184184.html
<![CDATA[News - Latin Resources bags funds from non-core asset sale to Westminster Resources ]]> https://www.proactiveinvestors.com.au/companies/news/183496/latin-resources-bags-funds-from-non-core-asset-sale-to-westminster-resources-183496.html Latin Resources Ltd (ASX:LRS) will pocket $6.8 million in cash and shares from the sale of its Ilo Norte and Ilo Este copper projects in Peru to Westminster Resources Ltd (TSX-V:WMR).

Following due diligence and receipt of all necessary regulatory approvals, the consideration for the deal will be A$6.5 million in shares and US$250k in cash.

The current market cap of Latin is circa A$12 million, so the divestment of the copper assets adds significant tangible value to the company's portfolio.

Following the deal, Latin will be the largest shareholder of Westminster with a 45% stake.

Latin to focus on lithium and cobalt

The sale of the assets will enable Latin to focus its resources on the development of its Lithium projects in Argentina

READ NOW: Latin opens potential lithium production window in Argentina WATCH NOW: Latin aligns a plan for near-term lithium production in Argentina Analysis

Latin Resources gets a dual-benefit from the deal.

The first is extracting value from these non-core assets so the focus can remain on its lithium and cobalt strategy, while secondly, Latin maintains exposure to upside in the assets through Westminster.

Latin will also save $140,000 a year in concession costs.

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Wed, 06 Sep 2017 11:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183496/latin-resources-bags-funds-from-non-core-asset-sale-to-westminster-resources-183496.html
<![CDATA[News - Latin Resources to provide update on sale of non-core assets ]]> https://www.proactiveinvestors.com.au/companies/news/183337/latin-resources-to-provide-update-on-sale-of-non-core-assets-183337.html Latin Resources Ltd (ASX:LRS) is moving towards monetising some non-core assets, and this morning the ASX has granted the company a trading halt pending an update on the sale of its llo Copper assets.

The company recently positioned itself with a potential opportunity for lithium production.

READ MORE: Latin Resources opens lithium production window in Argentina

The halt will remain in place until the opening of trade on Wednesday 6th September 2017, or earlier if an announcement is made to the market.

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Mon, 04 Sep 2017 09:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183337/latin-resources-to-provide-update-on-sale-of-non-core-assets-183337.html
<![CDATA[Media files - Latin Resources aligns a plan for potential near-term lithium production in Argentina ]]> https://www.proactiveinvestors.com.au/companies/stocktube/7957/latin-resources-aligns-a-plan-for-potential-near-term-lithium-production-in-argentina-7957.html Mon, 21 Aug 2017 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/7957/latin-resources-aligns-a-plan-for-potential-near-term-lithium-production-in-argentina-7957.html <![CDATA[News - Latin Resources opens potential lithium production window in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/182164/latin-resources-opens-potential-lithium-production-window-in-argentina-182164.html Latin Resources Ltd (ASX:LRS) has struck a deal and aligned a plan for potential near-term lithium production.

LRS has signed an agreement that gives the company a direct path to 100% ownership of the prized Geminis Mine and surrounding Don Gregorio concessions.

The Geminis mine has been historically linked to lithium mining in San Luis and has been rated with high grade lithium bearing pegmatites.

Now LRS is in discussions with two plant owners/operators to enable a spodumene circuit to be added to the existing crushing plant.

Chris Gale, managing director, commented:

"The added bonus of securing a known lithium deposit in San Luis province that has had decades of mineral production could potentially develop Latin Resources into a new term producer.

"Latin Resources is very focused on developing a JORC resource over the coming months and then moving into production to take advantage of the buoyant and high lithium prices."

Value of the San Luis Province

The San Luis Province has an established small mining industry that actively produces quartz and feldspar for the glass and ceramics industry from literally hundreds of small mines.

There are around 100 miners in all of which the top five might produce nearly 75% of the total minerals, along with eight crushing/grinding plants that process and sell these minerals up the value chain for the ceramics and glass industry.

Importance of Primero Group in production plan

LRS has recently appointed Western Australian based Primero Group who are a turnkey design, construction and commission engineering company with specific experience on hard rock spodumene deposits.

The brief for Primero is to commence testwork on the company's Argentinian spodumene samples to determine a flowsheet to produce a spodumene concentrate.

Primero is experienced in hard rock lithium/tantalum projects and was called in as specialist engineers to revisit modifications after delays at Galaxy Resources Ltd's (ASX:GXY) Mt Cattlin operation in August 2016.

Therefore Primero brings to LRS significant experience as project managers in the construction, commissioning and ramp-up of other hard rock lithium/tantalum projects very similar to Mt Cattlin.

Analysis

The acquisition of the lithium Geminis deposit coupled with the company's other lithium pegmatite concessions along with existing plant processing capacity in San Luis presents a unique opportunity to fast track production of spodumene concentrate.

Today's news further builds on the company's strategy of controlling all of the known hard rock lithium pegmatites in Argentina.

Field and drill permitting work has commenced on the Geminis Mine and Don Gregorio concessions.

Adding interest, LRS noted that the spodumene mineralisation is the best the technical team has explored in Argentina.

An example has the main pegmatite up to 18 metres thick, more than 200 metres long and gently dipping at 20-30 degrees.

Adding to the prospectivity, the area contains multiple similar unexplored pegmatites.

LRS remains focused on the lithium production prize and is, therefore, a stock to watch.

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Wed, 09 Aug 2017 12:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182164/latin-resources-opens-potential-lithium-production-window-in-argentina-182164.html
<![CDATA[News - Latin Resources to monetise Ilo Norte and Ilo Este copper projects ]]> https://www.proactiveinvestors.com.au/companies/news/181171/latin-resources-to-monetise-ilo-norte-and-ilo-este-copper-projects-181171.html Latin Resources Ltd (ASX:LRS) will enhance its focus on lithium as the company moves to sell its Ilo Norte and Ilo Este copper projects in Peru.

Latin has entered into an agreement with Ore Capital Partners, a Canadian private company based in Vancouver, to assist in selling the assets.

The agreement gives the right to Ore Capital Partners to negotiate the sale of the Ilo Norte, Ilo Este and other Ilo concessions with companies listed on the Toronto Venture Stock Exchange.

Preliminary discussions on the sale of the assets have taken place.

Potential of the projects

Latin’s Ilo Projects are in the heart of the Prolific Copper District of Southern Peru.

The western flanks of southern Peru’s Andes Mountains host more than 125 billion pounds of contained copper in published reserves and resources.

These are all within 100 kilometres of Latin’s concession areas that host both IOCG and porphyry copper mineralisation.

Placement

Latin has also agreed to place 250 million shares at $0.004 to raise $1 million, which will include a 1 for 2 free attaching option with a two year expiry and an exercise price of $0.01.

These funds will be used to fund exploration work on the lithium targets identified in Argentina, maintain the Peruvian mineral properties and for working capital.

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Thu, 20 Jul 2017 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181171/latin-resources-to-monetise-ilo-norte-and-ilo-este-copper-projects-181171.html
<![CDATA[News - Latin Resources Ltd to reveal sale of llo Copper, capital raising details ]]> https://www.proactiveinvestors.com.au/companies/news/181013/latin-resources-ltd-to-reveal-sale-of-llo-copper-capital-raising-details-181013.html Latin Resources Ltd (ASX:LRS) has been granted a trading halt by the ASX this morning, pending details in relation to the sale of llo Copper and a capital raising.

The halt will remain in place until the opening of trade on Thursday 20th July 2017, or earlier if an announcement is made to the market.

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Tue, 18 Jul 2017 09:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181013/latin-resources-ltd-to-reveal-sale-of-llo-copper-capital-raising-details-181013.html
<![CDATA[News - Latin Resources to lift funds ]]> https://www.proactiveinvestors.com.au/companies/news/177080/latin-resources-to-lift-funds-177080.html Latin Resources (ASX:LRS) has been granted a trading halt by the ASX, with its shares placed in pre-open.

LRS requested the halt pending details of a capital raising.

The halt will remain in place until the opening of trade on Wednesday 3rd May 2017, or earlier if an announcement is made to the market.

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Mon, 01 May 2017 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177080/latin-resources-to-lift-funds-177080.html
<![CDATA[News - Latin Resources receives final lithium assays in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/176894/latin-resources-receives-final-lithium-assays-in-argentina-176894.html Latin Resources (ASX:LRS) has received all remaining assay results from the initial reverse circulation drilling program at its Ancasti Lithium Project located in Catamarca, Argentina.

A total of forty reverse circulation drill holes were completed for a total of 2,680 meters.

Significant grades of up to 4.6% lithium oxide and 622 ppm tantalum pentoxide were assayed at the La Culpable prospect within the project.

The prospectivity remains high at Catamarca with further exploration to be undertaken.

The next step is advanced exploration and drilling at the San Luis concessions, 450 kilometres away from the Ancasti Lithium Project.

Chris Gale, managing director, commented, “Latin Resources was very pleased with the initial drill program at our Catamarca project. The presence of high grade lithium is extremely encouraging.”


Drill result details

The aim of the drilling program was to provide initial geological information on four of the eleven historically mined pegmatites that make up the Ancasti Lithium Project.

Drilling at the prospects was as follows:

- Campo el Abra: 8 holes for 393 metres;
- Ipizca II: 5 holes for 372 metres;
- La Culpable: 5 holes for 369 metres;
- Reflejos del Mar: 13 holes for 986 metres; and
- Santa Gertrudis: 8 holes for 560 metres.

Highlights from the final assays include:

- 6 metres at 1.62% lithium oxide;
- 4 metres at 2.03% lithium oxide;
- 3 metres at 2.98% lithium oxide;
- 4 metres at 0.85% lithium oxide; and
- 5 metres at 0.89% lithium oxide.


Next steps

The next stage of exploration work will now take place at Latin’s concessions in the San Luis province, located 450 kilometres south of the Catamarca projects.

Initially detailed trenching, mapping and sampling will be carried out at the Maria del Huerto Project where at least three pegmatites exist in a potential open pit area.

One pegmatite has been the subject of previous mining and is well exposed with spodumene mineralisation evident.

Initial work by Latin will confirm that each of the pegmatites is prospective for lithium and or other minerals such as tantalum and niobium prior to commencing drilling at this target.


Analysis

Drill results from the initial program show potential for a collective of smaller, high grade deposits in near proximity of each other offering a viable and reliable source of lithium spodumene.

The infrastructure in the Ancasti province is excellent with the local community having shown to be supportive from the initial work on site.

Latin’s near term objective remains to achieve its maiden JORC resource and San Luis shows good potential for this as the pegmatites run hundreds of meters long.

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Wed, 26 Apr 2017 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176894/latin-resources-receives-final-lithium-assays-in-argentina-176894.html
<![CDATA[News - Latin Resources receives more encouraging lithium assays ]]> https://www.proactiveinvestors.com.au/companies/news/176418/latin-resources-receives-more-encouraging-lithium-assays-176418.html Latin Resources (ASX:LRS) has received  assay results from its first pass reverse circulation drilling program at its Ancasti Lithium Project located in Catamarca, Argentina.

The 40 hole, 2,680 metre drill program has intersected spodumene at the Reflejos del Mar, Campo el Abra, Santa Gertrudis and La Culpable prospects.

All assays have now been received for Reflejos del Mar and Campo el Abra intersecting grades of up to 2.4% lithium oxide.

Results for the remaining samples from the Santa Gertrudis and La Culpable rospects are expected within the next week.

Chris Gale, managing director, commented: “The continuing evidence of solid lithium assay results now combined with significant thickness on our spodumene pegmatites is building our lithium strategy in Catamarca.

“We can now build a strong case that the majority of pegmatites on our 70,000 hectare project area will contain viable lithium grades.”


Drill result details

The aim of the drilling program was to provide initial geological information on four of the eleven historically mined pegmatites that make up the Ancasti Lithium Project.

In addition five holes were drilled into La Culpable prospect, making the total number of prospects now initially assessed five.

Drilling at the prospects was as follows:

- Campo el Abra: 8 holes for 393 metres;
- Ipizca II: 5 holes for 372 metres;
- La Culpable: 5 holes for 369 metres;
- Reflejos del Mar: 13 holes for 986 metres; and
- Santa Gertrudis: 8 holes for 560 metres.

Significant results include:

- 7 metres at 2.17% lithium oxide;
- 5 metres at 1.29% lithium oxide;
- 6 metres at 1.39% lithium oxide;
- 12 metres at 1.38% lithium oxide; and
- 15 metres at 0.87% lithium oxide.

Campo el Abra mineralisation is open along strike to the north and south and at depth down dip to the east.

Significant grades of up to 2.4% lithium oxide intersected at Campo el Abra warrant follow up action.


Next steps

While the remaining assays from the completed drilling are expected shortly, Latin is preparing for the next stage of exploration drilling.

This will take place at Latin’s concessions in the San Luis province, located 450 kilometres to the south, in which drilling is expected to commence in May or June.


Analysis

Assay results continue to show that the company’s tenement holdings have the potential to host lithium resources exhibiting both scale and grade.

Significantly, this initial drilling at 5 prospects represents only 10% of the total controlled concessions area of 76,000 hectares.

Detailed mapping with further sampling of the project area will continue to identify the next high priority pegmatite drill targets.

Latin Resources remains leveraged to exploration based news flow as more assays are expected and drilling is to continue at San Luis where the structures are known to be thicker in nature and run hundreds of metres long.

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Thu, 13 Apr 2017 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176418/latin-resources-receives-more-encouraging-lithium-assays-176418.html
<![CDATA[News - Latin Resources hits lithium mineralisation in first assays ]]> https://www.proactiveinvestors.com.au/companies/news/174428/latin-resources-hits-lithium-mineralisation-in-first-assays-174428.html Latin Resources (ASX:LRS) has received the first assay results from reverse circulation drilling at its Ancasti Lithium Project located in Catamarca, Argentina.

Results from the first six holes include encouraging intersections such as 7 metres at 2.17% lithium oxide.

The initial six holes drilled had lithium grades of over 1% in three of the six holes.

Chris Gale, managing director, commented: “These first assays are extremely encouraging displaying high grade spodumene at depth.

“This result is once again proving our theory that the historical lithium mines that we have secured are potentially very economic.”


Drill result details

Current drilling is targeting an initial four targets being Ipizca II, Reflejos De Mar, Campo el Abra and Santa Gertrudis.

At Reflejos del Mar there has been 14 holes completed for 900 metres of drilling.

Assays have been received for the first 6 holes which includes:

- 1 metres at 0.60% lithium oxide;
- 6 metres at 1.12% lithium oxide;
- 7 metres at 2.17% lithium oxide;
- 3 metres at 2.77% lithium oxide; and
- 1 metre at 1.24% lithium oxide.

Assays from the remaining 8 holes will be analysed and released in the coming weeks.

The rig will move to Santa Gertrudis this week where it will continue the first pass drilling program.


Analysis

The aim of the first pass drilling program is to provide initial information on four of the eleven quality pegmatites that make up the Ancasti Lithium project and the lithium mineralisation encountered is an encouraging start.

Latin Resources has ample opportunities for discovery given the large scale of untested exploration ground throughout its Argentinian lithium projects.

Furthermore, it will remain leveraged to exploration based news flow in the short term with drilling ongoing and assays pending.

Shares are trading up 40% through 2017, currently priced at $0.017.

Latin’s strategy is to become a minerals supplier to the electric battery and storage market through both lithium and cobalt exploration.

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Wed, 08 Mar 2017 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174428/latin-resources-hits-lithium-mineralisation-in-first-assays-174428.html
<![CDATA[News - Latin Resources makes move to gain cobalt exposure ]]> https://www.proactiveinvestors.com.au/companies/news/174340/latin-resources-makes-move-to-gain-cobalt-exposure-174340.html Latin Resources (ASX:LRS) has applied for 282 square kilometres through three exploration concessions in the known cobalt province of La Rioja in Argentina.

The three tenements adjoin and fully surround an area that contains the historically producing King Tut Cobalt-Gold Mine.

King Tut is the only known cobalt deposit in Argentina and contains grades ranging between 0.2% and 2.45% cobalt.

It is centred on a mineralised vein or series of veins that contain high grade cobalt-gold material with recorded production of 60 to 80 tonnes of cobalt ore with an average grade of 1.3% cobalt.

The exploration tenements applied for have never been subject to systematic exploration.

Latin is now working towards controlling the concessions that host the known cobalt deposit that adjoin the tenements applied for.

Chris Gale, managing director, commented: “We are excited to have taken our first steps in securing a potential cobalt mineral asset in Argentina by lodging the exploration applications in La Rioja.”


Background

Latin’s strategy is to become a minerals supplier to the electric battery and storage market.

The addition of the cobalt project to its lithium projects in Argentina adds further value to Latin’s business of exploration and development of mineral resources focusing on the demand of batteries for electric vehicles and storage.

Latin is expecting to receive assay results from drilling in the coming days from its Ancasti Lithium Project in located Catamarca, Argentina.

Latin visually confirmed that 11 of 13 drill holes in the current drilling program contain significant spodumene pegmatite intercepts and all intercepts contain visible spodumene.

Current drilling is targeting an initial four targets being Ipizca II, Reflecto De Mar, Campo el Abra and Santa Gertrudis.

The positive visual preliminary drilling results from the first two targets, Ipizca II and Reflecto de Mar, provide confidence moving forward to the next two targets.


Analysis

Cobalt is a necessary metal for the production of the latest generation, high density lithium-ion batteries.

Due to its high run-time properties, the use of cobalt has risen dramatically as portable lithium-ion battery usage accelerates and electric vehicles become a reality.

Latin has experience in acquiring exploration land in Argentina as it used a similar strategy to acquire its lithium concessions in Catamarca which are now being drilled.

The company continues to work towards consolidating its position in the lithium rich Ancasti Ranges in Catamarca and the Maria del Huerto project in San Luis while broadening the search for other battery minerals such as cobalt.

Latin remains leveraged to exploration based news flow with drill results expected shortly from its Ancasti Lithium Project where the company aims to prove up a lithium resource.

Shares in Latin are expected to climb when the market opens.

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Tue, 07 Mar 2017 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174340/latin-resources-makes-move-to-gain-cobalt-exposure-174340.html
<![CDATA[News - Latin Resources in a trading halt pending cobalt concession details ]]> https://www.proactiveinvestors.com.au/companies/news/174247/latin-resources-in-a-trading-halt-pending-cobalt-concession-details-174247.html Latin Resources (ASX:LRS) has been granted a trading halt by the ASX, with its shares placed in pre-open.

LRS requested the halt pending details in relation to new concessions in a historic cobalt province of Argentina.

The halt will remain in place until the opening of trade on Wednesday 8th March 2017, or earlier if an announcement is made to the market.

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Mon, 06 Mar 2017 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174247/latin-resources-in-a-trading-halt-pending-cobalt-concession-details-174247.html
<![CDATA[News - Latin Resources expects lithium assays in coming days ]]> https://www.proactiveinvestors.com.au/companies/news/173966/latin-resources-expects-lithium-assays-in-coming-days-173966.html Latin Resources (ASX:LRS) is expecting to receive assay results from drilling in the coming days from its Ancasti Lithium Project in located Catamarca, Argentina. 

The samples are prepared by a lab in Mendoza and then flown to a Vancouver lab for final analysis, which has caused a small delay. 

Samples have now been received by the Vancouver lab and assaying has commenced.

Latin visually confirmed that 11 of 13 drill holes in the current drilling program contain significant spodumene pegmatite intercepts and all intercepts contain visible spodumene.

The apparent thicknesses of the pegmatite intercepts ranges from 1-9 metres and the intercepts range in depth from 9-47 metres.

Current drilling is targeting an initial four targets being Ipizca II, Reflecto De Mar, Campo el Abra and Santa Gertrudis.

The positive visual preliminary drilling results from the first two targets, Ipizca II and Reflecto de Mar, provide confidence moving forward to the next two targets.

Shares are trading up 50% through 2017, currently priced at $0.018.

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Wed, 01 Mar 2017 11:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173966/latin-resources-expects-lithium-assays-in-coming-days-173966.html
<![CDATA[News - Latin Resources eyes spodumene in all intercepts ]]> https://www.proactiveinvestors.com.au/companies/news/173570/latin-resources-eyes-spodumene-in-all-intercepts-173570.html Latin Resources (ASX:LRS) has visually confirmed that 11 of 13 drill holes in the current program contain significant spodumene pegmatite intercepts and all intercepts contain visible spodumene.

First pass exploration drilling is nearing completion at two of the first four targets at the 100% owned Ancasti Lithium Project in Catamarca, Argentina.

The apparent thicknesses of the pegmatite intercepts range from 1-9 metres and the intercepts range in depth from 9-47 metres.

Chris Gale, managing director, commented: “The extension of strike and thickness of intercepts of the pegmatites is extremely encouraging for our Catamarca project.

“The visible spodumene in all intercepts is even more encouraging this is now proving our theory that we do have lithium spodumene at depth at these historical lithium mines.”


Drilling update

Drilling is targeting an initial four targets in Ipizca II, Reflecto De Mar, Campo el Abra and Santa Gertrudis.

First pass exploration reverse circulation drilling at Ipizca II was completed last week and is nearing completion at Reflejos del Mar.

A total of thirteen holes for circa 800 metres has been drilled to a range of final depths of between 24 -126 metres.

Ipizca II

At Ipizca II five holes were completed for circa 400 metres. All holes intercepted the pegmatite dyke that is exposed at surface within an old open pit and tunnel system.

A thinner blind pegmatite was also intercepted from 9-11 metres in hole number IPIIRC003.

Follow up drilling is necessary to define the northern and down dip extents of mineralisation.

Reflejos del Mar

At Reflejos del Mar, eight holes have been completed for circa 400 metres.

Drilling is showing that the pegmatites continue at depth to the east and extend further along strike to the north beyond the mapped outcrop in the old open pit workings.

Drilling is continuing to extend the mineralisation to the north and to the east down dip.


Analysis

The positive preliminary drilling results from the first two targets, Ipizca II and Reflecto de Mar, provide confidence moving forward to the next two targets.

That being said, these 4 targets represent only 8% of the company’s total landholding of 70,000 hectares at Catamarca.

Latin Resources has ample opportunities for discovery given the large scale of untested exploration ground throughout its Argentinian lithium projects.

Assay results are expected before the end of February.

Shares are trading up over 50% through 2017, currently priced at $0.019.

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Thu, 23 Feb 2017 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173570/latin-resources-eyes-spodumene-in-all-intercepts-173570.html
<![CDATA[News - Latin Resources samples economic grade lithium in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/173235/latin-resources-samples-economic-grade-lithium-in-argentina-173235.html Latin Resources (ASX:LRS) has received economic lithium grade assays from 20 samples taken from the Maria del Huerto mining tenements in San Luis, Argentina.

The samples were taken from three pegmatites within and adjacent to old mine workings at the end of January, 2017.

Grades measured up to 1.93% lithium oxide with 5 of the 20 samples measuring above 1% lithium oxide.

Significantly, the first 400 metres of drilling at Catamarca has completed and there are clear visual signs of spodumene – drilling continues while samples have been sent for assay.

Chris Gale, managing director, commented: “The encouraging assay results from the San Luis project has now proven Latin Resources strategy of exploring known lithium occurrences to enable a fast track process to proving up a JORC Resource.”


Catamarca drilling update

Drilling recently commenced at the wholly-owned Ancasti Lithium Project in Catamarca, Argentina targeting four prospects.

The program aims to test the depth continuity and lithium content of the pegmatites that are exposed at surface both within old open pits and along strike extensions from the pit exposures.

The initial four targets are Ipizca II, Reflecto De Mar, Campo el Abra and Santa Gertrudis.

The first 400 metres of drilling has been completed at the Ipizca II concession at the Catamarca project.

There are clear visual signs of spodumene from the reverse circulation drilling program with the first round samples having now been lodged at the ALS laboratories for analysis.

The drill has now moved to the Reflejo del Mar prospect in the north of the project area.

There are eight holes planned for Reflejo del Mar but more will be added as required depending on initial results and assessment.


Analysis

Latin is now in an envious position that two of its projects have compelling results to continue the push towards its first maiden resource.

The drilling at Catamarca has shown signs of spodumene at depth, which bodes well for the pending official assay results.

At Maria del Huerto, the sample results returned have confirmed expectations that economic grades of lithium are contained within the mine exposure.

Furthermore, the adjacent pegmatite outcrops are showing elevated lithium grades in the outer zones despite being heavily weathered.

Latin aims to commence exploration and resource development drilling at this location in April-May after drill permitting.

The company continues to advance towards posting its maiden lithium resource estimate in the June quarter with mining studies expected to follow.

Latin shares are trading up over 50% year to date, currently priced at $0.02.

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Thu, 16 Feb 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173235/latin-resources-samples-economic-grade-lithium-in-argentina-173235.html
<![CDATA[News - Latin Resources shares climb as drilling begins at Ancasti Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/172825/latin-resources-shares-climb-as-drilling-begins-at-ancasti-lithium-project-172825.html Latin Resources (ASX:LRS) shares are trading 12.5% higher at $0.018 in afternoon trade as the company has now started the reverse circulation drill spinning at the wholly-owned Ancasti Lithium Project in Catamarca, Argentina.

Over 20 million shares have traded on the highly anticipated news.

The program will cover circa 3000 metres over the next three weeks, with first assays expected before the end of February.

Ancasti has a history of small scale lithium production, and with Latin using modern exploration techniques, there is the potential a discovery can be made.

Chris Gale, managing director, commented:

"The drill targets have recently had surface assay results returned that confirmed economic grades of lithium are contained within the target prospects.

"We now need to prove this occurs at depth which will prove the viability of our lithium project in Catamarca."


Drill program

Drilling is targeting four of the nine prospects Latin controls in Catamarca.

The program aims to test the depth continuity and lithium content of the pegmatites that are exposed at surface both within old open pits and along strike extensions from the pit exposures.

The initial four targets are Ipizca II, Reflecto De Mar, Campo el Abra and Santa Gertrudis.

Latin's exploration team recently collected a total of twenty nine rock chip samples from seven prospects.

Thirteen samples were taken from Ancasti prospects Ipizca II and Santa Gertrudis and fourteen samples were taken from the Villisman prospects La Herrumbrada, Lay Joyita, Lomo Pelada, Reflejos de Mar and Campo el Abra.

The results returned have confirmed that economic grades of lithium are contained within the drill target prospects with 19 of the 29 samples being 1% lithium or higher.

The average grade of all samples being 1.42% lithium.

Adding further interest, analysis also shows that the pegmatites contain anomalous values of tantalum and niobium.

Several results were above what may be considered economic grades which raises the potential that tantalum and niobium could contribute to the project economics as well.

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Wed, 08 Feb 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172825/latin-resources-shares-climb-as-drilling-begins-at-ancasti-lithium-project-172825.html
<![CDATA[News - Latin Resources begins drilling for maiden lithium JORC resource ]]> https://www.proactiveinvestors.com.au/companies/news/172142/latin-resources-begins-drilling-for-maiden-lithium-jorc-resource-172142.html Latin Resources (ASX:LRS) has had required drilling permits approved at its Catamarca lithium project located in Argentina.

The initial exploration drilling program will commence immediately and will incorporate a 24 hole reverse circulation holes for 3,000 metre at four prospects.

This program will take around 15 to 20 days with assay results commencing to be released in February.

The project’s prospectivity and ability to host a lithium deposit is supported by recently collected rock chip samples which graded up to 4.46% lithium oxide.

LRS is targeting a maiden JORC resource by mid-2017, which has the potential to provide a positive rerating for the company.

Chris Gale, managing director, commented: “The imminent commencement of drilling at the Catamarca lithium project takes Latin Resources into one of its most exciting phases since starting exploring in Argentina for lithium pegmatites.”


Background

The company has secured over 94,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca and San Luis provinces in Argentina.

LRS also has a portfolio of projects in Peru and is actively progressing its iron oxide-copper-gold (IOCG) and copper porphyry projects in the Ilo region with its joint venture partner First Quantum
Minerals (TSE:FM).

Mapping combined with rock chips results provide confirmation of drilling targets for the upcoming 3,000 metre reverse circulation program at the Catamarca lithium project.


Recent rock chip assays

LRS recently received assays from 29 rock chip samples collected from seven prospects during a detailed mapping program at the end of 2016.

Samples targeted areas previously mined for the lithium mineral spodumene in both the Villisman and Ancasti districts.

The aim of the sampling and mapping was to confirm the presence of lithium and to estimate the size and orientation of the pegmatite dykes containing the spodumene mineralisation.

The results returned have confirmed that economic grades of lithium are contained within the target prospects with 19 of the 29 samples being 1% lithium oxide or higher.

The best grades ranged from 2.02% to 4.46% lithium oxide with an average grade of all samples being 1.42% lithium oxide.

 

 

Analysis

The approval of drilling permits at the Catamarca lithium project is a significant milestone for LRS as it allows it to drill out prospects known to host lithium mineralisation.

With near 60 lithium explorers on the ASX, and under 10 with JORC resources, drilling provides LRS with the opportunity to move into an exclusive club of stocks.

Given a maiden JORC resource is planned for mid-2017, LRS is well positioned for a re-rating of its share price.

The company currently has an undiluted market cap of $23 million, providing plenty of opportunity for growth when compared to other ASX-listed lithium explorers.

Shares in LRS are trading up 15% intra-day, currently priced at $0.015.

LRS investors will remain leveraged to news flow over the short term with assays from the current drill program expected in February.

The company also has a short term opportunity to raise up to $6 million in cash with a number of $0.02 options on issue approaching their expiry date of 9 March, 2017.

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Wed, 25 Jan 2017 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172142/latin-resources-begins-drilling-for-maiden-lithium-jorc-resource-172142.html
<![CDATA[News - Latin Resources has a busy lithium work schedule in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/170906/latin-resources-has-a-busy-lithium-work-schedule-in-argentina-170906.html Latin Resources (ASX:LRS) is nearing final approval of its submitted environmental impact assessment (EIA) report, required for drilling at the Catamarca lithium project in Argentina.

It is expected that the permitting process can be completed before the end of the year and that the EIA approval will be completed shortly thereafter.

Following the approval of the EIA it is proposed to start drilling immediately at the three top ranked drill-ready prospects.

Each of the prospects will have 6-8 holes drilled using reverse circulation drilling technique.

Drilling is now expected to commence in early January with assays being processed throughout January and February.


Background

The company has secured over 94,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca and San Luis provinces in Argentina.

LRS was recently granted its final two tenements totalling 7,050 hectares, which expand the now 76,700 hectare Catamarca lithium project in Argentina.

The final two exploration tenements now granted cover the Vilisman and Ancasti project areas, each with past lithium mining activity and together hosting more than twenty lithium bearing pegmatite deposits.

The combined non-JORC estimates of spodumene content within 15 metres of surface of 12 of these deposits within the final two tenements now granted are in excess of 120,000 tonnes.

These lithium bearing pegmatite deposits have a history of small scale past production, having been intermittently exploited for lithium minerals, and associated beryl, tantalum and feldspars during the 1950s and 1970s.

Analysis of three samples collected within these final two tenements now granted reported grades of 7.1%, 6.3% and 4.9% lithium oxide.


Operations update

LRS has also recently completed fieldwork including mapping and sampling in Catamarca and has commenced field work at San Luis province of Argentina.

Planned due diligence for the Ansotana concessions in Salta will now occur after the completion of the first phase of drilling at Catamarca and commence in February, 2017.

During September, LRS signed a binding term sheet for the acquisition, via earn-in, of up to 90% in 442 square kilometres of lithium focused mining concessions in northern Argentina known as the Ansotana Project.

The project area was mined during 1943-1945 for tantalum and bismuth and is known to contain lithium-hosting minerals.

Ansotana is within a pegmatite district with sizes ranging in strike up to 800 metres and widths up to 40 metres.

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Fri, 23 Dec 2016 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170906/latin-resources-has-a-busy-lithium-work-schedule-in-argentina-170906.html
<![CDATA[News - Latin Resources: Ground Floor Lithium Opportunity ]]> https://www.proactiveinvestors.com.au/companies/news/170573/latin-resources-ground-floor-lithium-opportunity-170573.html Latin Resources (ASX:LRS) has received a Speculative Buy recommendation from PAC Partners equity research.

The following is an extract from the report: Ground Floor Lithium Opportunity.


Key Points

- Latin Resources Ltd (LRS) is a junior mineral exploration company that has been active in South America for a number of years and has recently added promising lithium projects to the portfolio.

- LRS has secured exploration concessions in prospective hard rock lithium regions of NW Argentina. In addition, they are progressing their copper projects in Peru.

- The recent granting of the concessions and the appointment of senior technical personnel is now starting to add depth to LRS’s lithium focus. The next steps will be the granting of the remaining concessions and then drilling in early CY17.


Argentina Hard Rock Lithium Focus

LRS has been granted access to mining concessions located in the lithium rich NW region of Argentina.

The target will be hard rock pegmatite lithium not the brine hosted targets also found in the region.

LRS has selected three project areas based on occurrences of known lithium bearing pegmatites.

- Building the Team: Recently LRS has taken on an Exploration Manager. The addition of an experienced mining professional is a key inclusion for LRS. The additional upside is the pegmatite mining experience that the hire also brings to the team.

- Other Assets: Copper - LRS signed rights and an earn-in option to transfer 70% ownership of its Ilo Este Project to Mineral Zahena S.A.C for a total consideration of US$1.0m cash over 3 years and minimum exploration work commitments. Mineral Sands
- LRS has suspended further work on their Guadalupito Andalusite Project, Peru. A joint venture partner is currently being sought limiting spending on the project until a suitable partner can be found to invest directly into the project.


Catalysts

Geological Exploration Results: Now that the granting of the concessions has commenced the next focus for LRS is getting on the ground and undertake geological mapping and sampling to prioritise the pegmatites for drilling.

Drilling: As soon as targets are defined and drilling permits awarded LRS plans to commence drilling. LRS is hopeful of commencing drilling in early 2017.

Risks: LRS is an early stage explorer and is yet to commence detailed studies of the lithium potential of the concessions they have been granted. Therefore there are a number of risks associated with the projects and the company. Please see page 4 for a summary of the risks.


Investment Summary

Latin has a strategic vision of securing a significant footprint in Argentinean hard rock lithium regions.

LRS has been able to leverage off of their South American experience to quickly secure a number of lithium prospective tenements.

There has been a number (~80) of ASX stocks with lithium exposure, some of these enjoying significant success.

We have looked at relevant peers and note a 12-13x rerating from discovery for successful explorers.

Similar success for LRS is tied to exploration success with the next round of drilling the main catalyst.

LRS have stated that they are targeting the objective of being a producer of spodumene concentrate and/or lithium carbonate in late 2018.

Given that the first pass drilling on the concessions is yet to be undertaken by LRS we see this target as very ambitious.

We will continue to monitor the progress of LRS’s in country team on the permitting and ground based activities to see if this target can be reached.

We see results the from the on ground lithium exploration as the main near term potential catalysts for the share price.

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Fri, 16 Dec 2016 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170573/latin-resources-ground-floor-lithium-opportunity-170573.html