Latin Resources Ltd (LRSRF)

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San Luis Province Strategy

San Luis Province has an established small mining industry that actively produces quartz and feldspar for the glass and ceramics industry from literally hundreds of small mines. There are around 100 miners in all of which the top 5 might produce nearly 75% of the total minerals. In turn, there are approximately 8 crushing/grinding plants that process and sell minerals up the value chain for the ceramics and glass industry.

Latin Resources is currently in discussion with plant owners/operators to enable a spodumene circuit to be added to an existing crushing plant.

Latin Resources has recently appointed Western Australian based Primero Group who are a turnkey design, construction and commission engineering company with specific experience on hard rock spodumene deposits. The brief for Primero is to commence test work on Latin Resources Argentinian spodumene samples to determine a flowsheet to produce a spodumene concentrate.

The use of an existing plant would negate the usual lengthy process of mine plant approvals based on building a new Plant. The cost-saving benefits in adding a spodumene circuit into an existing plant are also substantial.

The immediate strategy moving forward for Latin Resources is to produce a JORC resource and to also run in parallel the design and permitting of a spodumene plant to add to an existing operation in San Luis.