Latin Resources Limited (ASX:LRS) (“Latin” or “the Company”) is pleased to announce that Westminster Resources Ltd. (TSX.V:WMR) (Westminster) has now completed the incorporation of its subsidiary in Peru, and has started the process to transfer the Peruvian copper projects acquired from Latin. This completes the transaction announced to ASX on 6 September 2017.
The projects consist of 36,225 hectares of exploration licences covering iron oxide copper gold (IOCG) and porphyry targets, near the port of Ilo in southern Peru, home to half of Peru’s copper production. Two of the projects, Ilo Norte and Ilo Este, are advanced targets with significant historical exploration results, with another four earlier-stage projects that are considered highly prospective, based on both historical geophysical surveys and mapping/sampling programs.
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