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Latin Resources Ltd

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

The company’s most prospective lithium tenements are located in the province of San Luis.

The Estanzuela spodumene pegmatite in San Luis
The Estanzuela spodumene pegmatite in San Luis

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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Market: ASX
Market Cap: $3.89 m
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