1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Latin Resources Limited
  6. News
  7. Summary
    LRS   AU000000LRS6

LATIN RESOURCES LIMITED

(LRS)
Delayed Australian Stock Exchange  -  05/20 02:10:08 am EDT
0.1400 AUD   +3.70%
05/20LATIN RESOURCES : Application for quotation of securities - LRS
PU
05/18Latin Resources Starts Resource Definition Drilling at Brazil's Bananal Valley; Shares Decline 7%
MT
05/18Latin Resources Limited Announces the Commencement of Resource Definition Drilling Campaign
CI
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Latin Resources Limited Provides Update on Salinas Lithium Project in Brazil

11/22/2021 | 05:27pm EDT

Latin Resources Limited provided an update of recent and ongoing activities at the Company's Salinas Lithium Project in Brazil, where the Company has defined multiple drill targets and submitted drill permits to commence drilling. The Company has also secured two new highly prospective tenements to grow its footprint at the project area with known outcropping high-grade lithium spodumene bearing pegmatites. Salinas is located in the highly prospective Jequitinhonha Valley district of Minas Gerais Province of eastern Brazil. Minas Gerais hosts the Eastern Brazilian lithium pegmatite province, home to TSX-V listed Sigma Lithium Corporation and lithium producer Companhia Brasilia de L?tio. The Company has finalised a total of 14 drill sites to test the outcropping high-grade Li bearing pegmatites identified in previous mapping and geochemical sampling programs. Drill permits have been submitted for the Phase I drillholes, with drilling scheduled to commence in February 2022. Additional permits for the follow-up Phase II holes will be lodged in the coming weeks. The drilling is designed to test two priority target areas where sampling has returned multiple high- grade results including 2.71% Li2O and 1.45% Li2Oi from highly weathered spodumene bearing pegmatites, mapped over a strike length of over 1.2 kilometres within the Company's tenure. The proposed drilling campaign will be the first drilling to test this highly anomalous and outcropping mineralised trend in an underexplored region that currently contains 100% of the Brazil's official lithium reserves. Lithium, as a highly volatile element, is rapidly leached and depleted from weathered spodumene. Therefore, the presence of remnant lithium anomalism of this calibre in weathered outcrop is extremely encouraging and worthy of a targeted drilling campaign.


© S&P Capital IQ 2021
All news about LATIN RESOURCES LIMITED
05/20LATIN RESOURCES : Application for quotation of securities - LRS
PU
05/18Latin Resources Starts Resource Definition Drilling at Brazil's Bananal Valley; Shares ..
MT
05/18Latin Resources Limited Announces the Commencement of Resource Definition Drilling Camp..
CI
05/16Latin Resources Expands Salinas Lithium Project in Brazil; Shares Climb 5%
MT
05/16Latin Resources Limited Continues to Expand High-Grade Salinas Lithium Project
CI
04/29LATIN RESOURCES : Application for quotation of securities - LRS
PU
04/26Latin Resources Hits Wide Lithium Intersection at Salinas Project in Brazil; Shares Slu..
MT
04/25LATIN RESOURCES : Application for quotation of securities - LRS
PU
04/25LATIN RESOURCES : Salinas Lithium Project Update
PU
04/25Latin Resources Limited Announces Diamond Drill Testing of High-Grade Outcropping Lithi..
CI
More news
Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 270 M 190 M 190 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 91,4%
Chart LATIN RESOURCES LIMITED
Duration : Period :
Latin Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LATIN RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
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
Sector and Competitors
1st jan.Capi. (M$)
LATIN RESOURCES LIMITED382.76%190
BHP GROUP LIMITED13.69%167 792
RIO TINTO PLC11.39%113 026
GLENCORE PLC32.64%80 919
ANGLO AMERICAN PLC16.83%53 326
GRUPO MÉXICO, S.A.B. DE C.V.14.72%40 129