Do any holders have recollections of the Guadalupito project that is noted as being unwound in Section 14 - Discontinued Operations (refer screen shot).
Why was it unwound/discontinued?
Why were we unable to get a Joint Venture partner for this rather than writing it off?
Did we receive benefit from this JORC resource of 1.3 billion tonnes with an exploration upside of 4 billion tonnes?
Exert below from the Latin's website (link below)
"Latin Resources Limited (“Latin”
seeks interested Joint Venture Partners to develop their Guadalupito Andalusite and Mineral Sands Project situated in Northern Peru. This has the potential to be a world class project with current JORC resources of 1.3 Billion tonnes and an exploration upside of 4 Billion tonnes. Aside from the main value from the andalusite mineral content, magnetite, Ilmenite, rutile, zircon, monazite, garnets and apatite all offer additional economic upside, reducing unit costs for andalusite production.The opportunity for the investor is to be a large shareholder of an advanced project in one of the world’s largest growth regions of Latin America."
https://www.latinresources.com.au/guadalupito-andalusite-mineral-sand
Latin Resources haggles A$7.2m off Guadalupito and alusite project
"Latin is confident that having eliminated any cash obligations to the vendor prior to completing a favourable DFS, the project will attract the appropriate investment partner we have been seeking, allowing for all investment forward being dedicated to the funding of [the] DFS, which is the next crucial step to bringing the project into production," Latin Resources' managing director, Chris Gale, said.Latin's Guadalupito project is located 25km from the port city of Chimbote in northern Peru and is aiming to start operations at an initial production level of 15m tpa, on a conventional dredge mining operation over a 15 year mine life. Under the terms of its revised deal with the property's vendors, the company must complete a DFS at the project by July 2019.
https://www.semanticscholar.org/paper/Latin-Resources-haggles-A$7.2m-off-Guadalupito-Syrett/e13d506fa020b2ef68e4e289353a44bfcb1f58e8
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ttps://hotcopper.com.au/threads/ann-presentation-for-ajm-mineral-sands-conferenc.1960551/
Link below is previous discussion raised by 1%aday
https://hotcopper.com.au/threads/projects-gold-halloysite-lithium-copper-heavy-metals.5755768/
(20min delay)