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Latin Resources Ltd to reveal placement for lithium expansion

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Latin Resources Ltd (ASX:LRS) is preparing to outline details of a placement, with the ASX granting the company a trading halt to prepare.

Earlier in the month the company signed a binding term sheet to form a joint-venture with Lepidico Limited which will seek to acquire and advance lithium projects in Argentina and Peru.

A key to the joint venture is that it proposes to utilise the proprietary Lepidico L-Max technology to extract lithium from mica ores.

The halt will remain in place until the opening of trade on Monday 16th May 2016, or earlier if an announcement is made to the market.

 

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Quick facts: Latin Resources Ltd

Price: 0.009 AUD

ASX:LRS
Market: ASX
Market Cap: $1.4 m
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