Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, developing a low-cost, sustainable, tier-one lithium operation in the premier mining jurisdiction of Minas Gerais, Brazil. The Company is focused on its flagship Salinas Lithium Project, where the Company has defined a Global Mineral Resource Estimate at its Colina Lithium Deposit* of 70.3Mt @ 1.3% Li2O, reported above a cut-off of 0.5% Li2O. The classification of this JORC MRE includes: Colina MRE- 63.5Mt @ 1.3% Li2O (1.73Mt @ 1.47% Li2O Measured + 39.29Mt @ 1.36% Li2O Indicated)+ 22.47Mt @ 1.21% Li2O Inferred. Fog’s Block MRE- 6.8Mt @ 0.9% Li2O Inferred. The Company recently defined a Preliminary Economic Assessment (PEA)** which contemplates a proposed 3.6Mtpa standalone mining and processing operation over two phases. where the economics show after-tax NPV8% of A$3.6 billion (US$2.5 billion) and combined after-tax IRR of 132%. Latin also holds the Catamarca Lithium Project in Argentina and through developing these assets, aims to become one of the key lithium players to feed the world’s insatiable appetite for battery metals.
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Speaker:
Mitchell Thomas
CFO
Mitchell Thomas is an experienced Chief Financial Officer (CFO) in the resources sector with responsibilities across project financing, strategy development, financial planning & analysis (FP&A), mergers & acquisitions (M&A), capital markets and business case / operational improvement. Broad exposure across various commodities (precious, base, battery materials and bulk) and continents (Australia, Africa, Europe, South America and North America). Commerce graduate (University of Western Australia), Chartered Accountant (CAANZ) and Executive MBA from Melbourne Business School. Fluent in Spanish.
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