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    LRS   AU000000LRS6

LATIN RESOURCES LIMITED

(LRS)
Delayed Australian Stock Exchange  -  02:11 2022-06-29 am EDT
0.0650 AUD   -1.52%
06/28Latin Resources Limited Updates Outstanding Kaolin Brightness Results from Cloud Nine Infill Drilling
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06/28Latin resources ltd - new pegmatite zone at depth at colina lithium prospect
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06/26Latin Resources Validates New Pegmatite Zone at Salinas Project in Brazil; Shares Jump 8%
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Latin Resources Limited Announces the Commencement of Resource Definition Drilling Campaign

05/18/2022 | 07:01pm EDT

Latin Resources Limited announce the commencement of a resource definition drilling campaign at the newly named "Colina Prospect" at the Company's Bananal Valley Project in Brazil. Resource definition drilling campaign comprising an estimated 100 holes for 22,000 - 25,000m, has commenced at the Company's newly named "Colina Prospect" where previous first pass drilling has identified high-grade lithium pegmatites over a strike extent of 600-800m. The first hole of the campaign SADD016 has intersected a very wide 27.78 meters coarse grained fresh pegmatite, with geological logging identifying a core zone of 21.48 meters with a visual estimation of spodumene of over 20%. This intersection is notable wider than those in the holes SADD003 and SADD004 on section to the north which reported high-grade intersections of 17.05 meters and 17.38 meters respectively. The drilling rig has now moved 50m to the east of hole SADD016 to test further down dip from this latest wide pegmatite zone. One additional drilling rig is scheduled to arrive on site in early June to expediate the drilling of the resource definition campaign, taking the active rigs on site at the wider Salinas Project to three. A fourth, larger drilling rig is also anticipated to arrive on site in July to facilitate the completion of the deeper >300m planned depth holes.


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All news about LATIN RESOURCES LIMITED
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Financials
Sales 2021 0,09 M 0,06 M 0,06 M
Net income 2021 -4,36 M -3,01 M -3,01 M
Net cash 2021 0,64 M 0,44 M 0,44 M
P/E ratio 2021 -9,27x
Yield 2021 -
Capitalization 125 M 86,8 M 86,8 M
EV / Sales 2020 202x
EV / Sales 2021 442x
Nbr of Employees -
Free-Float 91,4%
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Managers and Directors
Christopher Gale Managing Director & Executive Director
David Vilensky Independent Non-Executive Chairman
Sharnah Joanne Meier Administrator
Brent Jones Non-Executive Director
Pablo Tarantini Non-Executive Director
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