LRS 6.94% 19.3¢ latin resources limited

Ann: Media Release from Latin Resources-LRS.AX, page-31

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    Hi @SRV

    I have had a quick look. They look quite narrow (too small?) but some of the grades are excellent. Looks to be all lithium as spodumene which is a big plus. Some of the implied grades in the table from the release would be quite low however, for example 10% spodumene would be less than 0.8% Li2O. The key will be proving up a large enough resource to be viable. The calculation they provide are only down to 15 m depth, so who knows what lies at depth. Worth watching for sure, as more information becomes available.
 
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