Latin Resources

Financials:

Primary ticker: ASX:LRS, FRA:XL5
Stage of development: Exploration
Primary minerals: Lithium, Kaolin-Halloysite, Copper
Project to promote: Salinas Lithium Project
Project location: Brazil
Website: www.latinresources.com.au

Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, with projects in Australia and South America, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions.


Cash:
AUD$39M

Debt: Nil

Major shareholders:
Electrification and Decarbonization AIE LP – 5%
Integra Capital – 10%
Directors & Management – 3%
Citicorp Nominees – 16%
BNP Paribas Nominees – 5%
Management Ownership – 3%

Management Profile

Christopher Gale, Managing Director

Christopher (Chris) Gale is the Executive Director of Latin Resources. Mr Gale has extensive experience in senior management roles in both the public and private sectors, especially in commercial and financial roles. He has also held various board and executive roles at several mining and technology companies during his career.

 

Mr Gale is also a non-executive Chairman of Solis Minerals Limited ( ASX:SLM TSXV: SLMN) (appointed July 2018) and Executive Chairman of Oar Resources Limited (ASX: OAR). Chris is 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.

 

He is a founding director of Allegra Capital, a boutique corporate advisory firm based in Perth and is a member of the Australian Institute of Company Directors (AICD).

What is your rationale for taking part 121 Mining Investment?

No capital required, require market support

What recent news would you like to highlight to investors attending?

30 Mar 2022 – Assay results confirm high-grade lithium pegmatites – Brazil
06 Apr 2022 – Latin expands the high-grade Salinas Lithium Project
11 Apr 2022 – New Drilling Results – Salinas Lithium Project
26 April 2022 – Salinas Lithium Project Update

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Assay results from Brazil lithium project
Upgrade of JORC Mineral Resource at Cloud Nine

 

6 Months: 

Maiden JORC Resource at Brazil lithium project
 

12 Months:

Off-take agreements signed with major battery manufactures

What do you think makes your company such a compelling investment?

Moving into defining a lithium JORC Resource at the Brazil lithium project
Moving towards PFS on Brazil lithium project

What are the top 3 key investor takeaways?

The company can became a top tier lithium producer within three years of defining a JORC Resource