Latin Resources

Developing minerals to provide the planet with environmentally sustainable products

This Latin Resources profile is part of a paid investor education campaign.*

LRS:AU
ASX:LRS


Overview

The global effort towards reducing greenhouse gas emissions has proven to be a steady but important race. Ahead of the Glasgow Climate Change Conference in October 2021, Australia committed to deliver an aggressive target of net zero emissions by 2050. A big feat, since it was reported that by the first half of 2021, Australia produced 535.7 million tonnes of carbon dioxide equivalent emissions, 13 percent of which was from the agriculture sector, produced from livestock, application of fertilisers and soil additives, soil emissions and burning of agricultural residues.

The solution to this complex goal may not be simple, but part of the answer may be in a material called halloysite. Halloysite is a tiny tubular structure capable of capturing carbon dioxide emissions and decontaminating water through absorption. Halloysite and kaolin clay minerals are materials that have the potential to be utilised in novel methane emission reduction technologies, including applications in feed supplements for cattle and inhibiting and absorbing methane.

The impact of this material is expected to be significant to reducing not only Australia’s emissions but worldwide as well.

To this end, Latin Resources (ASX:LRS) signed an innovative $3.2 million research project with CRC CARE for the development of methane reduction technologies using the clay mineral halloysite from its Cloud Nine Halloysite-Kaolin Deposit (“Cloud Nine”) near Merredin, Western Australia. This project enables Latin Resources to mine halloysite and at the same time, address the global need to reduce emissions.

Latin Resources is an Australian mineral exploration company developing a portfolio of highly prospective mineral and metal projects across top mining jurisdictions in Latin America and Australia. The company has a strong land position with over 200,000 hectares of secured lithium pegmatite concessions in Argentina and Brazil and is led by an experienced management team with decades of experience in capital markets and the mining industry.

Latin Resources

Latin Resources has a portfolio of projects that include the Cloud Nine Halloysite-Kaolin Deposit in Western Australia, Catamarca Lithium project in Argentina and the Salinas Lithium Project in Brazil.

Most notably, the company’s Cloud Nine Halloysite-Kaolin Deposit presents an exciting opportunity as a globally significant kaolin-halloysite project located in Australia. Cloud Nine has the potential to be the largest single undeveloped halloysite/ kaolin deposit in Australia and features a current maiden mineral resource estimate of 207 million tonnes of kaolinized granite containing 123 million tonnes of bright white kaolin-bearing material and 84 million tonnes of kaolin/halloysite-bearing material in Cloud Nine.

Latin Resources

Latin Resources is exploring for lithium in the Minas Gerais State in Brazil with its Salinas project sitting 80km away from Sigma Lithium’s (TSXV:SGML) Grota do Cirilo property. Although it is in its early stages, the company’s goal is to develop a lithium JORC mineral resource in the next 12 months.

In Argentina, Latin Resources holds a joint venture agreement with Argentinian investment group Integra Capital on the Catamarca Lithium project. Integra Capital has the option to acquire 50 percent interest in the Catamarca project on an investment of US$1 million. The Catamarca Lithium project is a high-grade lithium pegmatite project with the potential to host world-class deposits.

The company is committed to environmental, social and governance (ESG) credentials, as well as supplying the green economy with the minerals needed to cut global emissions. Latin Resources is focused on ensuring that its operations positively impact the environment, the sustainability of the businesses and the products that it creates. The company has a goal to meet and exceed its ESG framework and is utilising the Socialsuite platform to monitor and report on its ESG disclosure progress.

Company Highlights

  • Latin Resources has projects covering lithium, halloysite and kaolin.
  • The company has commissioned an innovative $3.2 million research project with CRC CARE for the development of methane reduction technologies using the clay mineral halloysite from Cloud Nine near Merredin, Western Australia.
  • Cloud Nine features a maiden Mineral Resource estimate of 207 million tonnes of kaolinised granite that has the potential to increase further.
  • Latin Resources has a strong land position with over 200,000 hectares of secured lithium pegmatite concessions in Argentina and Brazil.
  • The company is committed to an ESG framework and supplying the green economy with the minerals needed to cut global emissions.

Key Projects

Salinas Lithium Project, Brazil

Salinas Lithium

The Salinas Lithium projects are high-grade lithium pegmatite projects located in the Bananal Valley of the state of Minas Gerais in Brazil. The Brazil Lithium Pegmatite projects consist of the Salinas South Lithium and Bananal Valley prospects with a total land package of 5,338 hectares in the newly defined Salinas lithium corridor. In late 2021, Latin Resources also secured an exclusive and binding 12-month option for two additional concessions in the Bananal Valley.

The Salinas Lithium and Bananal Valley prospects are accessible via airplanes and roads and feature powerlines, hydraulics and a power station. They are strategically located in a superior mining district that is underexplored and near Sigma Lithium’s (TSXV:SGML) 45.7 million tonne resource Grota do Cirilo property in Minas Gerais. The Brazil Lithium Pegmatite projects are also located near Companhia Brasileira de Lítio’s producing spodumene pegmatite mine.

The Salinas Lithium projects contain spodumene over four square kilometres. The company has conducted fieldwork and mapping on the Bananal Valley and Salinas Lithium projects. Initial reconnaissance mapping at Bananal Valley confirmed that the mapped pegmatites contain lithium bearing spodumene with one sample returning 2.71 percent Li2O from highly weathered outcrop. Several others returned anomalous lithium grades.

Currently, the company is in the process of conducting mapping and sampling on several high-priority targets. The company plans to identify drill targets, apply for statutory approval and produce a JORC Mineral Resource estimate on the property.

Cloud Nine Halloysite-Kaolin Deposit, Merredin, Western Australia

Cloud Nine is a globally significant and high-grade kaolin-halloysite project located near Merredin, less than 300 kilometres from the city of Perth. Cloud Nine is easily accessible by port and highway and contains similar geology to Andromeda Metals’ (ASX:ADN) prospective projects in South Australia.

The project has a maiden Mineral Resource Estimate of 207 million tonnes of kaolinized granite containing 123 million tonnes of bright white kaolin-bearing material and 84 million tonnes of kaolin/halloysite-bearing material in Cloud Nine. The halloysite sub-domain yields 50 million tonnes grading 6 percent halloysite using 1 percent halloysite cut-off or 27 million tonnes grading 8 percent halloysite using a 5 percent halloysite cut-off within the minus 45-micro subfraction.

Cloud Nine

Latin Resources has already begun a pre-feasibility study on the property and has completed the mineral resource infill and extension drill campaign sampling.

In its commitment to environmental, social and governance (ESG) credentials, Latin Resources has signed an innovative $3.2 million research project with CRC CARE for the development of methane reduction technologies using the clay mineral halloysite from the Cloud Nine deposit. The research project commences in January 2022 and under the agreement, CRC CARE will explore the use of halloysite for greenhouse gas (GHG) reduction and thereafter develop practical technologies. This includes cattle feed supplements, spreadable material and halloysite shale for inhibiting and absorbing methane. This project enables Latin Resources to mine halloysite while addressing the global need to reduce GHG emissions.

Latin Resources' Executive Director Chris Gale shared, "The potential for our Cloud Nine halloysite to be part of the suite of global solutions is significant. We are exceptionally excited by the commercial potential of the CRC R&D opportunity."

Catamarca Lithium Project, Argentina

Catamarca Lithium

The Catamarca Lithium project is a joint venture high-grade lithium pegmatite project located in the Catamarca province in Argentina. Integra Capital has the option to acquire 50 percent interest in the Catamarca project on an investment of US$1 million. The company is currently in the process of conducting mapping, rock chipping and soil sampling. Going forward, the company plans to pursue further work on the property to identify drill targets.

The project spans over 70,000 hectares and includes the Ancasti and Villisman projects. The property hosts underexplored spodumene pegmatite swarms with the potential to host world-class deposits.

From the 1950s to the 1960s, the Catamarca project produced limited lithium, beryl, tantalum and feldspar intermittently. The small-scale production led to historical estimates in the 1980s of spodumene content within 15 metres of the surface of more than 120,000 tons on 12 deposits found on the property. Sampling conducted by the company revealed grades of 6.6 percent, 7.1 percent, 6.3 percent and 4.9 percent of lithium oxide from four samples across three deposits.

Management Team

David Vilensky - Non- Executive Chairman

David Vilensky is a practising corporate lawyer and an experienced director with publicly listed companies. He is the managing director of Bowen Buchbinder Vilensky which is a law firm based in Perth. Vilensky has more than 35 years of experience in the areas of corporate and business law and commercial and corporate management. Today, Vilensky practises in the areas of corporate and commercial law, corporate advisory, mergers and acquisitions, mining and resources and complex dispute resolution.

Vilensky acts for several publicly-listed companies and advises on directors’ duties, due diligence, capital raisings, compliance with ASX listing rules, corporate governance and general corporate transactions.

Vilensky is also a non-executive director of Vonex Ltd (ASX:VN8), an ASX-listed telecommunications and technology company.

Christopher Gale -Executive Director

Christopher Gale is the executive director of Latin Resources. Gale has extensive experience in senior management roles, specifically commercial and financial roles, in both the public and private sectors.

He has also held various board and executive roles at several mining and technology companies during his career. Gale was the former chairman of the Council on Australian Latin American Relations (COALAR) established by the Australian Government Department of Foreign Affairs and Trade (DFAT) from 2012 to 2018.

Gale is currently a non-executive director of Solis Minerals (ASX:SLM, TSXV:SLMN) (appointed July 2018), and executive chairman of Oar Resources Limited (ASX: OAR). He is also a founding director of Allegra Capital which is a boutique corporate advisory firm based in Perth. Gale is also a member of the Australian Institute of Company Directors (AICD).

Brent Jones - Non-Executive Director

Brent Jones is an experienced financial service professional. Jones has held operating roles at Woolworths, AFL, Civil Engineers - Ostojic Group and the National Tax and Accountants’ Association before joining Latin Resources.

Over the past 13 years, Jones has been the joint managing director of InterPrac Limited, an unlisted public company, specialising in providing the accounting industry with access to financial services products and distribution capabilities.

Jones has a degree in information technology and is a graduate of the Australian Institute of Company Directors (AICD). Jones is also a member of the National Tax and Accountants Association.

Pablo Tarantini - Non-Executive Director

Pablo Tarantini has accumulated broad professional experience in the mining industry. For two years, he served as executive director of the Argentinian Bureau of Investment and International Trade. At the Argentinian Bureau of Investment and International Trade, Tarantini coordinated investment initiatives and contributed his vast experience in several industries and countries. In that role, Tarantini also worked together with mining companies settled in the country and supported the promotion of mining activity in Argentina along with the Argentinian secretary of mining.

He has served as president and executive director of SAPISA and Minera Don Nicolás. SAPISA is an Argentinian private fund and Minera Don Nicolás is one of SAPISA’s investments in the mining sector. Minera Don Nicolas is also the first mining project based on the Argentinian capital. He has also served as the M&A director at General Electric and Advent International Corporation for Latin America. Tarantini was also the manager at A.T. Kearney. In all these roles, he carried out business and projects at the regional level.

Tarantini is a Public Accountant and holds a Bachelor’s Degree in Business Administration from Universidad Católica Argentina (UCA). He has a Master in Business Administration from Harvard Business School.

Tony Greenaway - Head of Exploration

Tony Greenaway is a senior geologist with broad experience gained over 23 years covering operations in Australia (WA and Lachlan Fold), Africa, South America (Chile), Central America (Mexico) and Asia (Indonesia).

The skillset that Greenaway brings to Latin provides significant operational and managerial strength that will enable the company to progress its current portfolio of projects.

Sarah Smith - Company Secretary

Sarah Smith is a Chartered Accountant with significant experience in the administration of ASX-listed companies. Smith is also heavily experienced in capital raisings, IPOs, due diligence reviews and ASIC compliance. Smith has acted as the company secretary for several ASX-listed companies. Smith also holds a Bachelor of Business.

*Disclaimer: This profile is sponsored by Latin Resources ( LRS:AU ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Latin Resources in order to help investors learn more about the company. Latin Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Latin Resources and seek advice from a qualified investment advisor.

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