LRS General Discussion, page-12284

LRS is not going to cut SLM loose. Some of the stuff posted here is quite extraordinary.

I don't want to talk too much about SLM but Latin has its ear to the ground in Brazil. I am very confident, as I am sure LRS is, that the SLM drills will eventually hit extensive intersections. Don't forget that LRS only announced in March 2021 that they were going to go exploring in Minas Gerais. And the first two diamond drill rigs only arrived at Salinas in February last year (LRS share price was 3.1 cents). But even at that time LRS had the largest holding in SLM (around 20%) and were intent on turning SLM into another LRS. They still are intent on that outcome.

The diagram below shows the first drill-holes announced at Salinas. There were 3 of them! The intersections are even shorter than the 8m hits in the SLM announcement. And the visual estimates of the two successful holes are both 20% compared to 7%, 20% and 3% at Salinas. The common denominator is the coarse grained spodumene. The very early photos of the exploration terrain from both SLM and LRS are virtually identical with many rough looking artisanal diggings plus a couple of walls of spodumene. I wonder if the grade will also be similar? Why not?