Cloud Nine Halloysite-kaolin Deposit Advancing to Trial Mining for Bulk Sampling and Offtake Qualification Testing

Latin Resources Limited (“Latin” or the“Company”)(ASX:LRS) is pleased to announce the commencement of a geotechnical diamond drilling (Figure 1) program at the 100% owned Cloud Nine Halloysite-Kaolin Deposit (“Cloud Nine”), where the Company released its maiden Mineral Resource Estimate (“MRE”) of 207Mt Inferred Resources at Cloud Nine in May 2021i .

HIGHLIGHTS

• Large diameter diamond geotechnical drilling has commenced at the Cloud Nine HalloysiteKaolin Deposit in Western Australia to provide an upgrade of the JORC resource.
• Core samples from the diamond drilling will be used to conduct bulk density test work on a number of representative units across Cloud Nine, as well as provide samples for detailed metallurgical test work.
• Detailed drone topographic survey underway for site infrastructure and other planning.
• Permits have been submitted to conduct trial mining via a small test-pit allowing Latin to:
  • collect a large sample for bulk metallurgical testing; and
  • provide product samples to a number of potential offtake partners for their qualification test work.
• The Company has previously reported its maiden JORC (2012) Inferred Mineral Resource of 207Mt of kaolinised granite including a sub-domain of 50Mt grading 6% halloysitei – making Cloud Nine one of the largest undeveloped kaolin-halloysite deposits in Australia.

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