RESULTS CONTINUE TO CONFIRM SPODUMENE PEGMATITE CONTINUITY, MONTE ALTO DRILLING COMMENCED

Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is very pleased to announce that diamond drill testing of high-grade outcropping lithium pegmatites at the Company’s second prospect area, the Monte Alto Prospect in Brazil, has commenced. The latest assays from drilling at the Company’s first prospect, the Bananal Valley Prospect to the west (Appendix 1, Figure 7), continue to return exceptional results.


HIGHLIGHTS

  • Latest results from diamond drill holes at the Bananal Valley Prospect area have returned the thickest intersection recorded to date with 21.1m @ 1.20% Li2O from 208.80m in hole SADD006.
  • Drilling has commenced at the new Monte Alto Prospect area where the Company will undertake the first ever drill testing of the outcropping high-grade lithium pegmatites, in parallel with the commencement of a large 25,000m resource definition campaign at the Company’s more advanced Bananal Valley Prospect approximately 4 kilometres to the west.
  • Assay results continue to demonstrate the strong continuity of the lithium grades with significant intersections returned over a strike length of greater than 600m and remaining open along strike and down dip.
  • Most recent new intersections received for the Bananal Valley Prospect include