Latin Resources Limited

Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, developing a low-cost, sustainable, tier one lithium operation in the premier mining jurisdiction of Minas Gerais, Brazil. The Company is focused on its flagship Salinas Lithium Project, where the Company has defined a Global Mineral Resource Estimate at its Colina Lithium Deposit* of 70.3Mt @ 1.3% Li2O, reported above a cut-off of 0.5% Li2O. The classification of this JORC MRE includes: Colina MRE- 63.5Mt @ 1.3% Li2O (1.73Mt @ 1.47% Li2O Measured + 39.29Mt @ 1.36% Li2O Indicated)+ 22.47Mt @ 1.21% Li2O Inferred. Fogs Block MRE- 6.8Mt @ 0.9% Li2O Inferred. The Company recently defined a Preliminary Economic Assessment (PEA)** which contemplates a proposed 3.6Mtpa standalone mining and processing operation over two phases. where the economics show after-tax NPV8% of A$3.6 billion (US$2.5 billion) and combined after-tax IRR of 132%. Latin also holds the Catamarca Lithium Project in Argentina an...