Our Initial Entry
5 Day VWAP
Our Current Returns
Nov 26 2020
Our Current Returns
Latin Resources (ASX: LRS) is exploring a halloysite-kaolin project in WA, but is also currently working on lithium projects and ongoing exploration activities in South America.
LRS has released its Maiden JORC Resource (MRE).
A global Inferred Mineral Resource of 207 million tonnes of kaolinised granite has been estimated at Noombenberry, comprising two separate domains:
- 123 million tonnes of bright white kaolin-bearing material; and
- 84 million tonnes of kaolin/halloysite-bearing material.
Halloysite globally is in short supply, and since China recently closed a number of environmentally damaging mines, the market has opened up.
LRS Company Milestones
Salinas Lithium Project (Main Bet #1)
✅ New Exploration Program Commences
✅ Fieldwork Complete
🔲 Assay Results Received
🔲 Drill Testing Begins
🔲 Drill Targets Identified
🔲 New Milestones Added
Noombenberry: Halloysite (Main Bet #2)
✅ 3,500m of Aircore Drilling Commenced
✅ 3,500m of Aircore Drilling Complete
✅ Assay Results from Aircore Drilling
✅ JORC Resource Estimate
✅ Aircore Drilling Commenced
✅ Infill and Step Out Drilling Commenced
🔲 JORC Resource Upgrade
🔲 Pre-Feasibility Studies (Noombenberry)
Catalyst Hunter Investment Milestones
✅ Initial Investment @1.76c (before key catalyst)
✅ Increase Investment @4.49c (before key catalyst)
✅ Price increases 250% from initial entry|
🔲 Price increases 500% from initial entry
🔲 Price increases 1,000% from initial entry
🔲 Free Carry
🔲 Take Some Profit
🔲 Hold position for key drilling event
🔲 Decide New Investment Plan after key catalyst
“Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.
🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
🔄 In Progress
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added
Why we are attracted us to LRS:
✅ Maiden JORC Resource. LRS has been working toward its MRE for the last six months and has now released it, following receipt of its highly positive test-work results from the Noombenberry Halloysite-Kaolin Project.
✅ Comparison to Andromeda. On initial read, LRS' 207mt maiden JORC resource looks to be better than $475M capped Andromeda’s 210mt resource. LRS has drilled only the first of 5 of its projects - its land holding is 7 times the size of Andromeda.
✅ Debt free. LRS is operating in a debt free capacity after building a strong cash position last year. It has $4M in the bank as at March 31.
✅ Lithium project. Maintains a diversified position and continues its significant exploration at its South American lithium projects.
LRS is one of the busiest stocks in our portfolio and consistently solid results have led LRS to become one of our better performers.
We would expect that as LRS continues to expand resource estimate, its share price could be in for a re-rate.
Our Past Commentary on Latin Resources
|Type||Date||Share Price $||Title|
|19-Aug-2021||$ 0.044||Latin Resources eyes lithium potential at Salinas Project|
|13-Aug-2021||$ 0.042||Cloud Nine infill and stepout drilling points to Resource expansion for LRS at Noombenberry|
|Article||02-Jun-2021||$ 0.065||Halloysite Head to Head Hit Out|
|Article||02-Jun-2021||$ 0.065||Halloysite Heavyweights Go Head to Head - LRS vs ADN|
|31-May-2021||$ 0.080||LRS delivers Maiden Jorc Resource: Is it better than Andromeda?|
|28-Apr-2021||$ 0.049||🏹 MAJOR CATALYST ALERT: JORC Resource Estimate Lands in a Few Weeks|
|Article||01-Mar-2021||$ 0.078||LRS Set to Drill Lithium Assets in South America|
|Article||24-Feb-2021||$ 0.092||Emerging Discovery: Can the $90M Capped LRS Eclipse its $656M Capped Halloysite Peer?|
|Article||18-Feb-2021||$ 0.075||LRS Likely Days Away From Revealing Halloysite Drilling Results|
|Article||26-Nov-2020||$ 0.031||CATALYST ALERT: LRS to Drill for Halloysite, Hoping to Emulate Some of ADN’s 700% Run|
Most recent catalysts for Latin Resources
Catalyst Hunter 19/08/2021
Latin Resources eyes lithium potential at Salinas Project
We invested in Latin Resources (ASX: LRS) back in November 2020, adding it to the Catalyst Hunter investment portfolio at 3.0¢. At the time, we identified the obvious potential of the company’s halloysite project in WA — one of Australia’s few known occurrences of ultra-high-grade halloysite, a naturally occurring nanotube.
Catalyst Hunter 13/08/2021
Cloud Nine infill and stepout drilling points to Resource expansion for LRS at Noombenberry
Latin Resources Limited (ASX: LRS) yesterday reported that Resource infill drilling to upgrade the current Inferred Mineral Resource Estimate to a JORC Indicated classification has been completed.
Catalyst Hunter 02/06/2021
Halloysite Head to Head Hit Out
On Monday, Latin Resources (ASX: LRS) delivered its Maiden Inferred Mineral Resource for its 100% owned Halloysite-Kaolin Project The market has been waiting for LRS to release its news for some time - as it has given investors the opportunity to get a better idea of how LRS might stack up against its bigger and more advanced halloysite peer, ADN.
Catalyst Hunter 02/06/2021
Halloysite Heavyweights Go Head to Head - LRS vs ADN
On Monday, Latin Resources (ASX: LRS) delivered its Maiden Inferred Mineral Resource The $87M capped LRS is trying to follow the same pathway as Andromeda Metals (ASX: ADN), currently capped at $442M.
Jonathan Jackson 31/05/2021
LRS delivers Maiden Jorc Resource: Is it better than Andromeda?
Our $96M capped Halloysite hero Latin Resources (ASX: LRS) just announced a 207mt maiden JORC resource which on our initial read looks to be better than $475M capped Andromeda’s 210mt resource.
Jonathan Jackson 28/04/2021
🏹 MAJOR CATALYST ALERT: JORC Resource Estimate Lands in a Few Weeks
Latin Resources (ASX: LRS) has received the final assay results required for it to move ahead with its maiden resource estimate - due in May just a few weeks from now.
Jonathan Jackson 01/03/2021
LRS Set to Drill Lithium Assets in South America
Latin Resources (ASX: LRS) is preparing to conduct a new exploration program on its 100% owned and optioned lithium tenements in the state of Minas Gerais in Brazil.
Jonathan Jackson 24/02/2021
Emerging Discovery: Can the $90M Capped LRS Eclipse its $656M Capped Halloysite Peer?
Latin Resources (ASX: LRS) has today released the first results from its maiden air-core drilling program at its 100% owned Noombenberry Halloysite-Kaolin Project in WA. The results confirmed very high-grade halloysite, with grades of up to 37% Halloysite, and multiple intersections over 20% Halloysite.
Jonathan Jackson 18/02/2021
LRS Likely Days Away From Revealing Halloysite Drilling Results
Having completed a maiden air-core drilling program at its 100% owned Noombenberry Halloysite-Kaolin Project in WA in January, Latin Resources (ASX:LRS) is due to release what are expected to be exceptional assay results.