Latin Resources Limited’s Post

#ASXNews Latin Resources Limited is pleased to provide an update on the Colina Deposit Mineral Resource Estimate at the Company’s 100% owned Salinas Lithium Project in Brazil. • Global Salinas Project Mineral Resource Estimate (“MRE”) (Colina and Fog’s Block Deposits) now provides for 77.7Mt @ 1.24% of Li2O with the Fog’s Block JORC Exploration Target Range ("ETR”) of 7.0 to 18.0 Mt at grade ranging from 0.8% to 1.1% Li2O providing potential for Salinas to exceed over 80Mt in the near term with further #drilling. • The Colina Lithium Deposit MRE now stands at 70.9Mt @ 1.25% Li2O, placing it amongst one of the largest scale, Tier-One, undeveloped lithium deposits globally. • Significant increase in high confidence JORC classification, with 95% of the Colina Resource in the Measured and Indicated JORC classification. • The substantial increase of the Measured and Indicated portions of the MRE underpins the Salinas Definitive Feasibility Study (“DFS”), which is expected to have a significant positive effect on the economics by targeting improved cash flow and longer mine life. DFS is due for release in Q3 2024. • Colina MRE now at 70.9Mt @ 1.25% Li2O above a cut-off of 0.5% Li2O, including: • Measured resource to 28.64Mt @ 1.31% Li2O • Indicated resource to 38.63Mt @ 1.23% Li2O • Measured and Indicated resource to 67.27Mt @ 1.27% Li2O • Inferred resource to 3.6Mt @ 1.10% Li2O • Diamond drilling remains ongoing at the Salinas Lithium Project (“Salinas”), including 4 rigs on the Planalto Prospect, which offers further upside growth potential providing the Company with the opportunity to reach over the 100Mt Global MRE target. • May 2024 MRE upgrade was based on 297 holes for 98,958m, an increase of 99 holes and 36,308m since the December 2023 MRE. #LRS Managing Director, Christopher Gale, commented: "This is another fantastic result from the Latin Resources exploration team, delivering another uplift in MRE tonnage and significantly improving the confidence in the Colina Lithium Deposit. This truly cements the Project as hosting one of the largest scale undeveloped #lithium deposits on a global scale.” Full announcement: https://bit.ly/3yG0Dc2 #LatinResources #MiningNews #ASX

LithiumBank announces largest-known high-grade lithium discoveries across North America: LithiumBank has announced high-grade lithium resources of an estimated 10,078,000 tonnes of inferred Lithium Carbonate Equivalent (LCE) at a grade of 79.4 mg/L within the Leduc Formation. Furthermore, the Company has discovered 11,603,000 tonnes of inferred LCE at 80.9 mg/L high-grade lithium within the Swan Hills Fm aquifer underlying its 100% owned Park Place lithium brine project. “LithiumBank spent the past five years consolidating Park Place brine-hosted mineral licenses. This work has now culminated in 100% ownership of the largest LCE inferred mineral resource in North America and with the highest recorded lithium grade in Alberta,” said Rob Shewchuk, CEO of LithiumBank. He added: “The Park Place resource puts LithiumBank’s collective lithium brine resources inventory for the Company’s Alberta projects at 27.78 million tonnes LCE. This presents district scale potential opportunity for Canada to become a major supplier of lithium in North America.” Read the whole story here, at the Innovation News Network website: https://lnkd.in/eqFxex7z For more information on LithiumBank, visit their Innovation News Network Partner Profile: https://lnkd.in/eYZuzS4s #lithium #mining #esg #criticalrawmaterials #canada #batteries #evbatteries #alberta

LithiumBank announces largest-known high-grade lithium discoveries across North America. LithiumBank Resources has announced high-grade lithium resources of an estimated 10,078,000 tonnes of inferred Lithium Carbonate Equivalent (LCE) at a grade of 79.4 mg/L within the Leduc Formation. Furthermore, the Company has discovered 11,603,000 tonnes of inferred LCE at 80.9 mg/L high-grade lithium within the Swan Hills Fm aquifer underlying its 100% owned Park Place lithium brine project. Rob Shewchuk Chairman & CEO LithiumBank https://lnkd.in/eUJUvfmB #lithium #lithiumbatteries #energystorage #energytransition #criticalrawmaterials #USA #NorthAmerica The initial mineral resource estimate assessments were prepared by global technology company SLB (NYSE: SLB) using 3D static modelling mining workflows. These assessments were then used to determine the resource estimates and reviewed and validated by a Qualified Person as defined by National Instrument 43-101 of Canada.

Pan Asia Metals (ASX:PAM) Secures High-Grade Rosario Copper Project in Chile (ASX: PAM) Managing Director Paul Lock commented: “We have entered into this transaction as the Rosario Copper Project ticks all PAM’s boxes: the Project is located in an infrastructure rich setting, with all processing needs nearby; it demonstrates peer group leading copper grades from a large suite of rock chips’ and it is located in a premier copper producing region which is known for its cost advantages. The Project has what is needed to gain a position in the lower third of the cost curve.” “Rosario represents a tremendous opportunity to position PAM with a high grade, low cost copper project. We view copper as an equally important metal with lithium in the global electrification transition, the supply-demand dynamics are compelling with deficits projected due to declining production and grades, and a lack of new discoveries. Importantly, Rosario is not a pivot, the Project is strategic, has the right fundamentals and offers PAM strategic options.” Read our article below: https://lnkd.in/gBJaNhAX #copper #mining #resources #geology #stocks #pam #asx #chile

Acquisition of a 50% interest in a portfolio of exploration licenses in Brazil from Foxfire Metals has been completed. The portfolio of projects includes 10 exploration licenses in locations hosting world-class REE Ionic Adsorption Clay deposits and significant lithium spodumene resources. The first phase exploration program will commence at Caldera REE Project this month with initial activities in the Lithium Valley to follow later in 2024. Managing Director, Jim Malone commented, “This is a great milestone for Si6 and its shareholders, which now include Foxfire Metals, who we welcome and look forward to working with. The Company is excited about commencing the initial exploration program at the highly prospective Caldera REE Project located close to significant REE discoveries by ASX-listed companies, Meteoric Resources (ASX:MEI) and Viridis Mining and Minerals (ASX: VMM). This program will be closely followed by a program in the Lithium Valley which is host to Latin Resources (ASX: LRS) and Sigma Lithium Corporation (NASDAQ: SGML), to name a few success stories. The Lithium Valley program will take place close to S-Type G4 supersuite granites that are typically known to host lithium in spodumene bearing pegmatites. We look forward to emulating the success of our peers in both the Caldera area and the Lithium Valley.” Read: https://lnkd.in/g2R5rzfe $SI6 #SI6 #REE #lithium #exploration #asxnews #Brazil

We've increased the graphite resource at our Kookaburra Graphite Project on the Eyre Peninsula by 𝟭𝟭𝟰% since September 2023. The total resource is now 𝟭𝟮.𝟴𝗠𝘁 @ 𝟳.𝟲% 𝗧𝗚𝗖, totalling 973,000 tonnes of contained graphite, confirming KGP as the second largest graphite resource on the Eyre Peninsula. The Resource Upgrade will underpin an updated KGP Pre-Feasibility Study examining a 60-100ktpa graphite concentrate project, due for delivery in 2H 2024 which has started to attract interest for potential offtake and partnerships. Additional drilling is planned for 2024 to further extend known mineralisation and explore new targets. This resource upgrade positions the KGP as a significant player in the graphite market, especially amid supply impacts from recent China export restrictions, which are likely to support graphite pricing. CEO Jonathon Trewartha commented: “After joining the Company late last year, we set an ambitious target to increase our Mineral Resource Estimate at the Kookaburra Graphite Project by at least 100% and I’m pleased to say that we have now exceeded that goal. This resource upgrade at KGP cements the project’s position as the second largest known graphite resource on South Australia’s Eyre Peninsula – Australia’s premier graphite province – and the team’s ability to deliver on our goal shows just how capable we are at growing and developing this strategic graphite resource and how fortunate we are to be developing a graphite project of this quality in such a compelling jurisdiction. “This updated MRE will serve as the basis for our PFS update planned for delivery later this year, which will build on the 2017 FS, but will target production at a much higher rate of 60,000 to 100,000 tonnes per year, which we believe will position KGP as a tier 1 graphite project that should garner strong interest from project partners and offtakers. “In the past six months, Lincoln has undergone a remarkable transformation. Our Kookaburra Graphite Project now stands as the second-largest graphite resource on the Eyre Peninsula. Additionally, we have identified a number of highly prospective uranium exploration targets and are excited about the potential value that could be realised from our 1.24 billion tonne Green Iron Project, which awaits a strategic partnership. Read the full ASX Announcement here: https://lnkd.in/ghbQuqcb #LML #LincolnMinerals #ASX #ASXNews #MiningNews #GraphiteExpansion #KookaburraProject #ResourceUpgrade #EyrePeninsula #MineralExploration #GraphiteSupply #SustainableMining #MineralResourceEstimate #GraphiteEconomics 

We are pleased to announce we have entered an option agreement to purchase up to 80% of two additional exploration licenses at the Lake Johnston pegmatite field in Western Australia’s southern Goldfield’s region. Asra has a 6 month exclusive option period to evaluate the two license areas and if proceeding, will own 51% and commence a JV with the vendor with the rights to increase to 80% ownership. Asra's Managing Director Rob Longley said "recent lithium bearing pegmatite discoveries, and investment by Rio Tinto into the Lake Johnston area, validates the districts enormous critical mineral potential, and its vastly under-explored status." Read the full announcement below 👇 https://lnkd.in/gnajKJRa #exploration #mining #lithium #westernaustralia #goldfields

White Cliff Minerals Limited (WCN) has made a major breakthrough at its Rae Copper Project in Nunavut, Canada, with rock chip assays returning exceptional high-grade copper results, including an outstanding 64.02% Cu and 223g/t Ag. This discovery positions Rae as a potentially world-class copper project, critical in the global energy transition. Key Highlights: ⭐ Highest assay returned 64.02% Cu and 223g/t Ag ⭐ Vision District results suggest large-scale mineralisation ⭐ Strong potential for bulk-tonnage and high-grade concentrate opportunities Managing Director Troy Whittaker remarked, “The Rae Copper Project is extraordinary in scope and scale. Having undertaken an extensive internet search, it is my belief that these results are the highest ever recorded copper assays from a representative rock chip sample anywhere in the world and in fact are approaching the stoichiometric maximum copper can reach in an ore forming mineral." This discovery sets the stage for further exploration, positioning White Cliff Minerals at the forefront of copper supply for the green energy revolution. Roderick McIllree Dan Smith Eric Sondergaard Nicholas Ong #WCN #Copper #Mining #EnergyTransition #Exploration #ASX

UK equity research house Edison Group initiated coverage of Cobra today. Analyst Andrew Keen writes: “Cobra has several upcoming catalysts that could provide positive newsflow. It has already de-risked its discovery by identifying ionic REE mineralisation with good metallurgical recovery rates to date. It is continuing to prove up ISR as a recovery method and initial indications for scale are positive. Cobra’s market valuation is well below the peers mentioned above and, if it successfully achieves its goals this year (notably defining high recoveries in column leach tests, a maiden resource based on ionic mineralisation and a processing pathway with low reagent usage), this could lead to share price appreciation.” Full note available below. #mining #rareearths #gold #uranium #Australia #SouthAustralia #COBR

"The notable investments by federal and provincial governments in battery manufacturing highlight the importance of a robust feedstock supply." Vance White, President and CEO of Noble Mineral Exploration highlights the company's recent projects, challenges in the market, strategic focus on battery minerals, and prioritization of the Boulder project. #NobleMineralExploration #GeologicalSurvey #DrillProgram #GBR #OntarioMining #MarketChallenges #BatteryMinerals #CriticalMinerals