Our Initial Entry
5 Day VWAP
Our Current Returns
Nov 26 2020
Our Current Returns
What do Latin Resources (ASX: LRS) do?
LRS has a diversified portfolio of exploration projects including lithium projects in South America and a halloysite-kaolin project in WA.
The company is advancing its highly prospective spodumene tenure at the Salinas Lithium Project in Minas Gerais, Brazil. The mineral spodumene is a source of lithium used to produce lithium hydroxide, a crucial ingredient in Li-ion batteries for electric vehicles. LRS's project is not far from Sigma Lithium's largest hard rock lithium deposits in the Americas.
LRS is also advancing its 100% owned Noombenberry Halloysite-Kaolin Project in WA. The project has a global JORC Inferred Mineral Resource Estimate of 207 million tonnes of kaolinised granite at the project. This is one of Australia’s few known occurrences of ultra-high-grade halloysite, a naturally occurring nanotube.
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
✅ ESG Reporting Standards Adopted
🔲 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.
🔲 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:
✅ Lithium project. Maintains a diversified position and is ramping up exploration at its South American lithium projects.
✅ Maiden JORC Resource. LRS released a maiden resource estimate 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 that of Andromeda which trades at many multiples of LRS and it has plenty more ground to drill.
✅ Debt free. LRS is operating in a debt free capacity after building a strong cash position last year. It had $2.7M in the bank as at 30 June 2021.
Our Past Commentary on Latin Resources
Most recent catalysts for Latin Resources
Catalyst Hunter 18/11/2021
LRS Aims to Cut Cow Methane With Halloysite
Latin Resources (ASX:LRS) has just teamed up with a former CSIRO Chief Research Scientist to conduct R&D projects that will see if LRS can use its halloysite to develop technology that will reduce methane emissions.
Catalyst Hunter 26/10/2021
Great Time to Look for Lithium - LRS Building Lithium Footprint in Brazil
Latin Resources (ASX: LRS) isn’t just another “Johnny come lately” to the lithium game, it was focusing on its lithium projects long before lithium was cool. Today LRS announced two high grade lithium samples from initial outcropping sampling - 2.71% Li2O and 1.45% Li2O.
Catalyst Hunter 23/09/2021
LRS strengthens lithium story with commitment to ESG
Just over a month ago we commented on the news that Latin Resources (ASX:LRS) was making the best of the surging lithium market and the long term outlook for lithium investments, by placing an increased focus on exploration at its South American lithium project.
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.