LRS
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Company News
Weekly wrap: six days of gains as rate cuts outlook improves
Expectations of central bank interest rate cuts drove global markets higher, carrying the Australian market up for its sixth straight day of gains. Stronger than expected US retail spending prompted a solid day on Wall Street after retail sales data topped expectations and jobless applications were lower than expected. That strength carried over on to […]
Pilbara Minerals to expand lithium footprint in Brazil with Latin Resources acquisition
Hard-rock lithium producer Pilbara Minerals (ASX: PLS) has secured a deal to acquire all the shares in Latin Resources (ASX: LRS) and manage the development of Latin’s highly prospective Salinas lithium project in Brazil. The on-strategy, counter-cyclical transaction is expected to be accretive to Pilbara across a range of key metrics including net asset value, […]
Latin Resources notches 241% lift in Colina lithium resource, project much larger than expected
Latin Resources (ASX: LRS) has reported a 241% boost in resources at its Colina deposit in Brazil, which now stands at 45.2 million tonnes at 1.34% lithium oxide. That includes a measured and indicated 30.2Mt at 1.4% lithium oxide, with the previous mineral resource estimate having stood at 13.25Mt. The upgraded resource of 45Mt represents […]
Solis Minerals acquires new exploration licences at Borborema lithium project
Solis Minerals (ASX: SLM) has acquired 22 exploration licences across 248 square kilometres at the Borborema lithium project in northeastern Brazil. The new areas are greenfield sites which have seen limited systematic exploration for lithium-caesium-tantalum (LCT) bearing pegmatites. The structural geological setting is believed to be similar to the Colina deposit owned by Solis’ largest […]
Latin Resources confirms ‘very’ high-grade halloysite at Noombenberry along with kaolin
Heavily diversified explorer Latin Resources (ASX: LRS) has confirmed it has “very high-grade” halloysite and ultra-bright white kaolin at its Noombenberry project in Western Australia. The company reports that, from the initial batch of 100 samples submitted for detailed test work, results have confirmed a very high grade halloysite, with multiple intercepts having grades above 20%. The […]
Investors continue to pump money into mining shares as hard assets shine
Interest rates near zero or negative, uncertainty about whether we are heading for inflation or deflation, the growing global debt mountain, central banks prolifically printing money — all of these swirling scenarios may be creating an increasing appetite for metals as a hard asset. While the big funds can actually trade in metals derivatives, others […]
Latin Resources gets backing from Argentine investment house for key lithium project
Perth-based Latin Resources (ASX: LRS) has inked a deal with Argentinian investment group Integra Capital, which will see aggressive exploration work unleashed on the company’s Catamarca lithium pegmatite projects. By spending US$1 million (A$1.4 million) on exploration and development, Integra will earn a 50% interest in the project. The investment firm also has an option […]
Latin Resources and First Quantum re-confirm Peru copper joint venture
Latin Resources (ASX: LRS) and TSX-listed First Quantum Minerals’ copper joint venture in Peru will remain on track after the duo’s subsidiaries inked an extended binding term sheet following delays in the permitting process, which resulted in drilling permitting approvals issued this week. Latin’s wholly-owned subsidiary Peruvian Latin Resources secured the agreement extension with First […]
Latin Resources shoulders into WA’s halloysite space with Electric Metals acquisition
After a failed attempt to lock-in a joint venture on its lithium assets in Argentina, Latin Resources (ASX: LRS) has revived investor faith with news it has agreed to acquire the Noombenberry halloysite-kaolin project in Western Australia. Latin Resources has entered a conditional binding terms sheet to acquire Electric Metals Pty Ltd, which owns 100% […]