Latin Resources

Test Pit And Bulk Samples To Advance Offtake Cloud Nine Kaolin Deposit

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
The Conversation (0)
Latin Resources (ASX:LRS)

Latin Resources

Developing mineral projects to support the global decarbonization

Developing mineral projects to support the global decarbonization Keep Reading...
Colorful batteries arranged by size against a dark textured wall.

Battery Storage Market Surging as Electricity Demand Enters New Era

Speaking at Benchmark Week, Iola Hughes, head of battery research at Benchmark Mineral Intelligence, outlined a market that is undergoing “very strong growth" and becoming indispensable to energy security.Hughes described energy storage as the fastest-growing segment in the battery sector today.... Keep Reading...
Gina Rinehart, executive chair of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry. After taking the helm of her father’s iron ore firm Hancock Prospecting in 1993, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest... Keep Reading...
Long State Funding Update

Long State Funding Update

Atlantic Lithium (A11:AU) has announced Long State Funding UpdateDownload the PDF here. Keep Reading...
Finger pushing block to form "RESTART" on orange background.

CATL Reportedly Plans to Restart Key Chinese Lithium Mine By December

Contemporary Amperex Technology (SZSE:300750,OTC Pink:CTATF) is preparing to restart its Jianxiawo lithium mine in Jiangxi province as soon as early December, industry sources familiar with the matter told Bloomberg.The sources, who declined to be named, said CATL has asked suppliers and... Keep Reading...
Person holding gavel and digital dollar symbols, symbolizing financial decision-making.

Liontown Resources’ Spodumene Auction Attracts Nine Countries

Liontown Resources (ASX:LTR,OTC:LINRF) held its first digital spot sales auction for 10,000 wet metric tonnes of spodumene concentrate from its Kathleen Valley lithium operations in Western Australia.The auction, attracting over 50 buyers from nine countries, was conducted on Metalshub, a... Keep Reading...
Hands typing on laptop with superimposed stock market graphs and numbers.

Ganfeng Chairman’s Forecast Sparks Lithium Price Surge in China

China’s lithium market strengthened sharply on Monday (November 17) after Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772) Chairman Li Liangbin said at a domestic industry conference that demand for the key battery metal could grow by as much as 40 percent in 2026.The most-traded lithium carbonate... Keep Reading...

Latest Press Releases

Related News