LRS General Discussion, page-16997

LATIN RESOURCES | Red Cloud's Pre-PDAC 2024 - YouTube new video out of PDAC 2024

• pipeline of new resource prospects in the area
• Looking at north of 100mt resource - easy mode.
• DFS is based on 63mt
• 15 rigs on site
• Colina is still open at depth - he's not chasing it
• 20+ years + mine life without drilling at depth further
• resource finished at the end of march
• Planalto only drilled 1 hole so far - more drilling after infil drilling
• 1 open pit 100 employeess
• 10km from Salinas town
• going to upgrade roads around the area and lay water pipeline and power
• 3 ports vying for the business
• doubling the amount of materials for the DFS
• looking at the US for offtakes
• we dont expect the capex to change
• LRS and Sigma - make brazil number 3
• upgrade and resource coming out in May
• Offtake discussions no short of appetite
• construction 2025
• funded all the way to the end of the year