Latin Resources Limited (ASX:LRS) has entered into a binding...

• Latin Resources Limited (ASX:LRS) has entered into a binding Purchase and Earn-In Terms Sheet to acquire up to a 90% interest in several mining concessions which comprise of approximately 44,290 hectares of lithium and tantalum pegmatites in the Province of Salta, Argentina, known as the Ansotana Project ( “Ansotana “).
• The Ansotana concession area was mined for Tantalum and Bismuth by the Ansotana Mining Company between 1943 and 1945. The company carried out production on the mineralized pegmatites which material was sold to the USA during World War 2.
• The Ansotana Pegmatites are complex Lithium rich pegmatites and host minerals such as tantalite, beryl and the lithium bearing minerals such as spodumene, Lepidolite and montebrasite (amblygonite).
• This purchase, if successfully completed, will advance the continuing strategy of Latin Resources to secure the known hard rock lithium bearing pegmatites in Argentina.