Latin Resources Limited (“Latin” or the“Company”)(ASX:LRS) is pleased to announce the commencement of a geotechnical diamond drilling (Figure 1) program at the 100% owned Cloud Nine Halloysite-Kaolin Deposit (“Cloud Nine”), where the Company released its maiden Mineral Resource Estimate (“MRE”) of 207Mt Inferred Resources at Cloud Nine in May 2021i .


The Company has also submitted permitting applicationsto allow the excavation of a test-pit to provide further bulk samples to several potential offtake partners.


HIGHLIGHTS

  • Large diameter diamond geotechnical drilling has commenced at the Cloud Nine HalloysiteKaolin Deposit in Western Australia to provide an upgrade of the JORC resource.
  • Core samples from the diamond drilling will be used to conduct bulk density test work on a number of representative units across Cloud Nine, as well as provide samples for detailed metallurgical test work.
  • Detailed drone topographic survey underway for site infrastructure and other planning.
  • Permits have been submitted to conduct trial mining via a small test-pit allowing Latin to:
    • collect a large sample for bulk metallurgical testing; and
    • provide product samples to a number of potential offtake partners for their qualification test work.
  • The Company has previously reported its maiden JORC (2012) Inferred Mineral Resource of 207Mt of kaolinised granite including a sub-domain of 50Mt grading 6% halloysitei – making Cloud Nine one of the largest undeveloped kaolin-halloysite deposits in Australia.


Click here for the full ASX Release

This article includes content from Latin Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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