Red Cloud initiates coverage on LRS @ 30 cents a share

https://redcloudresearch.com/latin-resources-ltd-asxlrs-a-sigma-2-0-in-the-making/

"We believe Latin has a serious shot atgrowing its resource and potentially beating Sigma’s five-year timelinefrom maiden resource to production, given that Latin will likely not besubject to the same pandemic-related slowdowns, and Sigma hasessentially provided a development blueprint for Latin to follow."

"In ourview, Latin is sitting on a monster hard-rock lithium deposit at Salinasand the market has yet to realize it. With drills turning in a jurisdictionthat allows for fast-tracked development and a competent team drivingit, we believe investors may soon take notice of Latin’s potential."

"Expecting Salinas resource to more than double. The resource ishosted entirely at the Colina deposit, which has an exploration target ofup to ~816kt LCE. We think the real potential lies outside this footprintat Colina West, which we estimate can add another ~480kt LCE basedon drilling thus far."