Latin Resources Limited is an Australian-based mineral exploration company focused on creating shareholder wealth through the identification and definition of mineral resources in Latin America. The Company has secured over 101,450 hectares of exploration concessions in the lithium pegmatite districts of Catamarca and San Luis Provinces, Argentina.
The company also has a portfolio of projects in Peru and is actively progressing its Iron Oxide-Copper-Gold and Copper Porphyry projects in the Ilo region with its joint venture partner First Quantum Minerals Ltd.
Latin believes the mineral rich countries within Latin America offer unique opportunity to grow shareholder wealth in a politically stable and fast-growing economic environment. Latin's wholly owned subsidiary, Peruvian Latin Resources, maintains an office and operational staff in Lima, Peru.
Key points about Latin Resources are as follows;
Total JORC Inferred Resource: Increased to 1.465 Bt Guadalupito Mineral Sands Project Q1 2013.
Conceptual Exploration Target: 4.5 billion tonne at Guadalupito
Positive Scoping Study: For a dredge mining operation for production of a heavy mineral concentrate at Guadalupito
Upside from further concentrate products: Including magnetite, andalusite, ilmenite, zircon, rutile and gold at Guadalupito.
Realigned focus at Ilo Norte Iron Ore Project: Follows the discovery of surface copper-gold mineralisation.
Six New Target Areas Generated: In the northern half of Latin's 100,000 hectares of 100% owned concessions promise IOCG style mineralisation and also good potential for Porphyry Copper deposits like the Tia Maria deposit (640Mt@0.39% Cu, 0.199/t Au) only 3- km along strike to the NW of the new target areas.
In an Adjacent Concession Block to New Target Areas: Latin's Ilo Norte project hosts IOCG style mineralisation, is drill ready and 30km from port.