Creating Wealth in Latin America

Company Overview

Latin Resources Limited is a Perth based, Iron Ore and Gold focused exploration and development company with a number of attractive mineral concessions in Peru. The Company was formed as a vehicle to explore and develop mineral concessions that were assembled over an eighteen month period by its founders who are shareholders of the Company.

The Company's wholly owned subsidiary, Peruvian Latin Resources S.A.C, has opened an office in Lima and currently employs a General Manager, geologists, business development, a GIS mapping person and Administration Staff.

The Company and its subsidiary have well established relationships with the Australian Trade Commissioner, ProInversión, the Peruvian Government Agency promoting investment in Peru, the Ministry of Mines and Energy, local consultant geologists, legal and accounting service providers.

Latin Resources has rights to acquire a controlling interest in a cornerstone project, has been granted 100% controlled mineral concessions of 33,600 hectares with 39,700 hectares in application in highly prospective iron ore districts and is in the advance stages of negotiation on various other Iron Ore and Gold projects.

Key points about Latin Resources are as follows;

  • Latin has initially committed its attention to the newly discovered Iron Ore belts and territories of Peru due to the favourable climate for foreign investment, vast quantities of untapped high grade mineral resources and low production costs.
  • Strategy is to focus on the ore regions close to port and infrastructure.
  • Latin has built strong local relationships and local personnel in Peru.
  • Iron Ore projects currently under exploration include Ilo Norte, Ilo Sur, Guadalupito, Toray and Coribeni.
  • Whilst commodity prices remain volatile, analysts are predicting iron ore prices to increase in 2010 due to strong demand from China.
  • The option of acquiring a major world class Iron Sands project.
  • The option of acquiring a significant Gold project in an extremely favourable Gold district of Peru.

Latin continually seeks to acquire further near production or producing mineral assets as well as partnerships for the long term viability and growth of the business.

Latin Resources is backed by a strong management team and board of directors who have a successful history of creating real value for shareholders, driving cashflows in both public and private companies and are specialists in corporate finance, capital raisings, geology and law.