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Latin Resources
Latin Resources
(ASX:LRS)


Mineral Exploration

Our Entry Price $ Current Price $ Current Return Highest Price $ Highest Return
$ 0.030 $ 0.053 77% $ 0.100 233%

Catalysts

LITHIUM IN SOUTH AMERICA: DEFINE DRILL TARGETS COMPLETE
Article Catalyst Timeframe Share Price Published
LRS Set to Drill Lithium Assets in South America WEEKS $0.078 01 Mar 2021
NOOMBENBERRY: HALLOYSITE ASSAY RESULTS COMPLETE
Article Catalyst Timeframe Share Price Published
LRS Likely Days Away From Revealing Halloysite Drilling Results DAYS $0.075 18 Feb 2021
Emerging Discovery: Can the $90M Capped LRS Eclipse its $656M Capped Halloysite Peer? NOW $0.092 24 Feb 2021
NOOMBENBERRY: HALLOYSITE DRILLING COMPLETE
Article Catalyst Timeframe Share Price Published
CATALYST ALERT: LRS to Drill for Halloysite, Hoping to Emulate Some of ADN’s 700% Run DAYS $0.031 26 Nov 2020
NOOMBENBERRY: MAIDEN JORC RESOURCE ESTIMATE COMPLETE
Article Catalyst Timeframe Share Price Published
LRS Likely Days Away From Revealing Halloysite Drilling Results MONTHS $0.075 18 Feb 2021
🏹 MAJOR CATALYST ALERT: JORC Resource Estimate Lands in a Few Weeks WEEKS $0.049 28 Apr 2021
LRS delivers Maiden Jorc Resource: Is it better than Andromeda? NOW $0.080 31 May 2021
Emerging Discovery: Can the $90M Capped LRS Eclipse its $656M Capped Halloysite Peer? MONTHS $0.092 24 Feb 2021

Overview

We invested in Latin Resources (ASX: LRS) in November 2020 and continue to maintain a large holding.

We invested as we liked the potential in LRS’s halloysite project.

Latin Resources is exploring a halloysite-kaolin project in WA, but is also currently working on lithium projects and ongoing exploration activities in South America.

Halloysite globally is in short supply, and since China recently closed a number of environmentally damaging mines, the market has opened up.

LRS is currently capped at $97M and is now sitting on what could become the single-largest undeveloped Kaolin-Halloysite deposit in Australia.

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.

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

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
CATALYST ALERT: LRS to Drill for Halloysite, Hoping to Emulate Some of ADN’s 700% Run

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