Latin Resources (ASX:LRS) talks potential JV interest in projects


by Jessica Amir

Latin Resources (ASX:LRS) Managing Director, Chris Gale provides an update on the company's projects, its focus on lithium and potential partnering options.


· Latin Resources (ASX:LRS) has the largest hard-rock land holding of lithium pegmatites in Argentina.
· It’s moving to drill to create a JORC resources
· Market Cap of $20m, market cap has significant upside
· Catamarca lithium project: Drilling finished and showed positive grades. It’s looking to find more viable drill targets
· Its 100 per cent owned San Luis site has 90,000 hectares of lithium concessions. Further drilling and environment permits will see LRS gain JORC position
· Sales agreement for copper assets in Peru to be completed by Christmas. Selling assets to Canadian listed company (Westminster Resources (TSX-V:WMR)) for USD$250,000 and 19 million shares over 18 months
· Latin Resources to own $40 per cent of Westminster Resources (equating to $6-7 million)
· Retaining JV with Canada’s largest copper producer, First Qantum Minerals. To drill 1QFY18
· In discussions with other potential partners
· LRS’ share price has gained considerably of late   

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.