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Latin Resources

Latin Resources

(ASX:LRS)


 

  Our Initial Entry
Price

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

ASX:LRS
$0.018
$0.030
Nov 26 2020
$0.037
$0.047
    167%

ASX:LRS
Our Current Returns
167%




Overview

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

Portfolio Initiation
$5M Cap Raise @3c
⚔️ LRS vs ADN Comparison
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2
🔲 Unexpected Positive Announcement 3

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.

Key

🔲 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.



Most recent catalysts for Latin Resources

Latin Resources eyes lithium potential at Salinas Project
Cloud Nine infill and stepout drilling points to Resource expansion for LRS at Noombenberry
Halloysite Head to Head Hit Out
Halloysite Heavyweights Go Head to Head - LRS vs ADN
LRS delivers Maiden Jorc Resource: Is it better than Andromeda?
🏹 MAJOR CATALYST ALERT: JORC Resource Estimate Lands in a Few Weeks
LRS Set to Drill Lithium Assets in South America
Emerging Discovery: Can the $90M Capped LRS Eclipse its $656M Capped Halloysite Peer?
LRS Likely Days Away From Revealing Halloysite Drilling Results

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