LRS 0.00% 23.5¢ latin resources limited

Not sure why the feak out today as it wasn't needed IMO, People...

  1. 2,545 Posts.
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    Not sure why the feak out today as it wasn't needed IMO, People forget so easy

    HIGHLIGHTS
    • Crush size doubled to 12.5mm and recoveries and grade remain high demonstrating very
    coarse liberation of spodumene:
    ○ Average recovery of 80.5% of Li2O; and
    ○ production of extremely high-grade Li2O concentrate (up to 6.6%) from simple Heavy
    Liquid Separation (HLS).
    Exceptionally clean concentrates in -12.5mm+6.3mm size range. Concentrates well above
    7.0% and as high as 7.96% Li2O achieved.
    • Results show excellent consistency across the width and depth of the known ore body.
    • Very coarse liberation results in minimal fines generation (~12%) which indicates a final
    plant design may have a low reliance on floatation as a necessary step to achieving high Li2O
    recovery. In addition it indicates a reduced size of any floatation plant if this option is
    pursued.
    • Consistently low Fe grades in head samples and HLS concentrates is promising for the
    marketability of Salinas concentrates.
    • The Company intends to proceed with bulk pilot plant testwork based on the very
    encouraging results obtained in this program.


    Geez thats was a few days ago now

    Significant upside growth potential identified at Colina, with SGS confirming an independent
    estimated JORC Exploration Target Range ("ETR”).
    • Recent drilling at the Colina West prospect, 500m to the west of Colina has confirmed the
    continuity of the thick high-grade spodumene pegmatites intersected in drill hole SADD033,
    with a further three holes intersecting the newly identified pegmatite swarm, assay results
    pending.
    Aggressive 65,000m drilling campaign planned for 2023 with the addition of four more
    drilling rigs for a total of eight on site, this is designed to fast track rapid resource growth at
    the Colina and Colina West Deposit and underpin a rapid move towards potential future
    development.

    • Preliminary Economic Assessment (PEA) is well under way to allow fast tracking of DFS in
    2023.

    What's not to like ???
    Have money in the bank and a Aggressive 65,000m drilling campaign planned for 2023 with the addition of four moredrilling rigs for a total of eight on site...

    If it was a NO GO then they would have shut it down guys, Today's spit was sector wide onto of the TH & ad in some stop losses getting hit.

    Should see some green tomoz once people actaully read the announcement if they were unable to at work etc...

    GLTAH


 
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