
June 28, 2022
Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to provide an update for recent activities and next steps in relation to the advancement of its 100% owned Cloud Nine Halloysite‐Kaolin Deposit (“Cloud Nine”) in Western Australia. The Company released its maiden Mineral Resource Estimate (“MRE”) of 207Mt Inferred Resources at Cloud Nine in May 20211.
HIGHLIGHTS
- Significant thicknesses of exceptionally bright kaolinised granite intersected in the Resource in‐fill drilling, further highlighting the quality of the world class Cloud Nine Halloysite‐Kaolin deposit. Significant intersections include:
- NBAC459: 43m @ 85.4 ISO‐B from 7m
- NBAC397: 38m @ 85.3 ISO‐B from 12m
- NBAC413: 25m @ 85.2 ISO‐B from 17m
- NBAC442: 21m @ 85.2 ISO‐B from 6m
- Geotechnical drilling for bulk density determination has been successfully completed at the Cloud Nine Halloysite‐Kaolin Deposit.
- Bulk density measurements are a vital step in the path to an updated Cloud Nine JORC Resource which is currently being undertaken.
- Permitting and approvals process has commenced to enable the excavation of a trial mining test‐pit.
- 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% halloysite1 – making Cloud Nine one of the largest undeveloped kaolin‐halloysite deposits in Australia.
RESOURCE IN‐FILL DRILLING
To date, nearly two thirds of the composites from the Cloud Nine Resource in‐fill drilling program have been analysed for brightness (Figure 1). The remaining holes’ sample analysis has benefited from optimising the analysis pathway, coupled with a drop in COVID‐related staffing issues at the laboratory. The remaining results are expected towards the end of July.
The drilling thus far2 has returned significant, near surface thicknesses of kaolinised granite with brightness values above 85 ISO‐B. A total of 66% of the drill holes analysed so far, returned results above 80 ISO‐B, with selected significant results >85 ISO‐B including:
Table 1: Selected significant Cloud Nine kaolin brightness intersections (>85 ISO‐B)
Figure 1: Drillholes with brightness results received and pending, from the Cloud Nine Resource in‐fill drilling
SONIC GEOTECHNICAL DRILLING
The recently completed sonic geotechnical drilling program, comprising 9 PQ (85mm) drill holes for 365 metres, was designed to provide representative core samples from within the footprint of the existing JORC MRE (Figure 2).
The in‐situ dry bulk density data is an integral part of the ongoing resource estimation work at Cloud Nine and will improve the confidence levels in the current Inferred JORC Resource, while the geotechnical data is required for the mine design and scheduling work currently underway as part of the Company’s Pre‐Feasibility Studies (“PFS”) and other studies.
Figure 2: Cloud Nine – location of sonic drill collars
REGIONAL AEROMAGNETIC SURVEY
The Company has engaged Southern Geoscience Consultants (SGC) to manage a high detail airborne magnetic and radiometric survey covering the Company’s extensive regional tenement package (Figure 3). The regional survey will assist in defining further exploration targets along almost 105 kilometres of prospective tenure and comprises over 13,800 line kilometres on 50 metre spaced east west lines.
Click here for the full ASX Release
This article includes content from Latin Resources Limited (ASX: LRS), licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
LRS:AU
INN Article Notification
The Conversation (0)
02 February 2022
Latin Resources
Developing mineral projects to support the global decarbonization
Developing mineral projects to support the global decarbonization Keep Reading...
27 May
Why Global EV Sales Are Telling Three Different Stories in 2026
New data from Benchmark Mineral Intelligence shows that the global electric vehicle (EV) market fractured along regional lines in early 2026. While global sales reached 5.6 million passenger EVs through April — a modest 6 percent year-on-year increase — that headline number masks a stark... Keep Reading...
21 May
7 Biggest Lithium-mining Companies in 2026
For a long time, most of the world's lithium was produced by an oligopoly of US-listed producers. However, the sector has transformed significantly in recent years.While Australia has long been a top-producing country when it comes to lithium, China has risen quickly to become not only the top... Keep Reading...
21 May
Core Lithium Restarts Finniss, Awards US$274 Million Underground Contract
Core Lithium (ASX:CXO,OTCPL:CXOXF) has officially restarted physical mining at its flagship Finniss operation in Australia’s Northern Territory, initiating open-pit excavation while concurrently awarding a US$274 million contract to anchor the site's long-term underground future.At the surface... Keep Reading...
19 May
MinRes to Reboot Bald Hill Lithium Mine to Capitalise on Price Rally
Mineral Resources (MinRes) (ASX:MIN,OTCPL:MALRF) will restart its Bald Hill lithium mine in Western Australia following an 18 month freeze, moving to capitalise on a 50 percent year-to-date rebound in lithium prices.The Perth-based miner announced on Monday (May 18) that it will bring the fully... Keep Reading...
08 May
Top 5 Canadian Mining Stocks This Week: Highland Critical Minerals Soars 400 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Friday (May 8), Statistics Canada released April’s Labor Force Survey. Canada’s job market was... Keep Reading...
04 May
POSCO Finalizes US$765 Million Deal for Stake in MinRes' Lithium Mines
South Korean steel and battery materials conglomerate POSCO Holdings (NYSE:PKX,KRX:005490) has finalized a US$765 million agreement with Perth-based Mineral Resources (MinRes) (ASX:MIN,OTCPL:MALRF) to acquire a 30 percent stake in two Australian hard-rock lithium mines.POSCO will take a 30... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00









