
October 12, 2022
Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to report the completion of the trial mining test-pit to advance mine pit design and discussions with offtake partners at its 100% owned Cloud Nine Halloysite-Kaolin Deposit (“Cloud Nine”) in Western Australia.
HIGHLIGHTS
- Trial mining test-pit completed, 50 Tonnes bulk sample collected.
- Bulk sample will be used to provide kaolin material to potential customers as offtake discussions advance.
- Bulk scale metallurgical test work to optimise mining design.
The Company previously released its Maiden JORC (2012) Inferred Mineral Resource1 (“MRE”) of 207Mt of kaolinised granite including a sub-domain of 50Mt grading 6% halloysite – making Cloud Nine one of the largest undeveloped kaolin-halloysite deposits in Australia.
Latin Resources Managing Director, Chris Gale commented:
“The completion of the test-pit and collection of bulk samples is an important stepping-stone in the development of the Cloud Nine Project as a world class kaolin deposit. The bulk samples have now been sent to the potential customers for final analysis. We are also working on our scope of works, along with mine permitting for a DSO style product to sell to our potential customers. If the numbers stack up, Cloud Nine could develop into a great project for Latin Resources."
TRIAL MINING TEST-PIT
A test pit has been successfully excavated at the Cloud Nine Halloysite-Kaolin Deposit. The objective of the test pit is 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 test pit was excavated in accordance with the Program of Works, which was approved by DMIRS early in 2022, and successfully extracted the planned volume of kaolin.
Kaolin extracted from the test-pit will be used in bulk scale metallurgical testing, and importantly, will be used to prepare bulk product samples which will be sent to two separate groups currently in discussion with the Company in respect to potential offtake agreements, this will enable them to undertake their own product qualification testing.
The Company has previously provided multiple small-scale samples from Cloud Nine to these two parties. Discussions with both groups are ongoing and have included options to supply short term Direct Shipping Ore (“DSO”) products, as well as supplying value-added processed kaolin and halloysite products in the longer term.
Excavation of the test pit has also provided the Company with valuable information to further refine preliminary assumptions, including mining and stockpile designs, mining method and equipment selection and preliminary geotechnical assumptions. Material samples will also assist with further testing and analysis to continue improving the understanding of the deposit including the overlying material.
Click here for the full ASX Release
This article includes content from Latin Resources Limited, 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...
6h
Core Lithium Restarts Finniss, Awards US$274 Million Underground Contract
Core Lithium (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 level,... Keep Reading...
19 May
MinRes Reboots Bald Hill Lithium Mine to Capitalize on Price Rally
Mineral Resources (ASX:MIN,OTCPL:MALRF) will restart its Bald Hill lithium mine in Western Australia following an 18-month freeze, moving rapidly to capitalize on a 50 percent year-to-date rebound in global lithium prices.The Perth-based miner announced that it will bring the fully owned... 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...
25 April
Top 5 Canadian Mining Stocks This Week: Arctic Fox Lithium Jumps 66 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.Statistics Canada released March consumer price index data on Monday (April 20). The data shows a... Keep Reading...
23 April
Top 5 Australian Mining Stocks This Week: Solis Minerals Charges on Brazil Lithium Acquisition
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.This week’s list highlights companies across a range of commodities, including lithium, phosphate and gold. The top gainer made a... Keep Reading...
23 April
Bridging AI, Energy Storage and Aging Infrastructure
As global energy grids struggle to keep pace with rising demand from data centers and renewable integration, energy optimization firm GridBeyond is positioning software and artificial intelligence (AI) as a key part of the solution.The company develops platforms designed to orchestrate... 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






