Case Study - Latin Resources Limited (ASX:LRS)

April 28, 2022

Latin Resources Ltd (ASX:LRS) is a mineral exploration company focused on several mineral resource projects in Latin America and Australia. In Latin America the focus is on its two Lithium projects, Salinas (Brazil) and Catamarca (Argentina) and an unexplored project in Peru. The Australian projects include the Cloud Nine Halloysite Project near Merredin, WA.

Key Investment Highlights:

  • Strong lithium grades - Bananal Valley and Salinas project operating in under-explored areas, with potential for world class lithium deposits following large lithium pegmatite occurrences of 2.0m @ 3.07% from assay results
  • Global decarbonisation thematic - Highly leveraged to long-term global demand for lithium input into electric vehicles and broader renewable technologies
  • Strong institutional support - Placement corner-stoned by Electrification and Decarbonization AIE LP, an entity related to Waratah Capital Advisors Ltd, for A$15.0m (~US$11.16 million).

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