Lrs - latin resources - lithium pegmatite opportunity

[SCHUMACHER]

Announcement today and nearly 200 million shares traded already - BIG Lithium province similiar to PILBIRA but Lithium rich :) CHEAP AS CHIPS AT MOMENT ticker: LRS and LRSO (Options expiry 2017 at 2c ) options better leverage IMO if you like it

http://latinresources.com.au/

LATIN CLAIMS 70,000 HECTARES IN LITHIUM PEGMATITE
DISTRICT, CATAMARCA, ARGENTINA.

HIGHLIGHTS
 Latin Resources Limited (ASX: LRS) announced 09 May 2016 the signing of a binding
term sheet to form a joint-venture between LRS and Lepidico Limited (LEP) which will
seek to acquire and advance lithium projects in Argentina and Peru to utilise the
Lepidico process technology to produce lithium carbonate.
 70,000 hectares in seven exploration tenements have now been applied for in the
Catamarca Province that adjoin two areas totalling 7,500 hectares that together host in
excess of twenty Lithium bearing pegmatite deposits documented by various authors
over the last 50 years.
 The documented deposits in the adjacent areas are pegmatite dykes striking roughly NS
over 50 m to 700 m length, and are up to 8 m thick.
 Past reports identify that Lithium is predominantly present in the adjacent areas as
Spodumene, with individual crystals reaching more than 1m in length. Lithium micas
are also reported in some cases as accessory minerals.
 The documented Lithium bearing pegmatite deposits in the adjacent areas have a
history of small scale past production, having been intermittently exploited for Lithium
minerals and associated Beryl, Tantalum and feldspars during the 1950’s and 1970’s.
 The exploration tenements applied for by the Company host hundreds of outcropping
pegmatite dykes, frequently in swarms (Figure 3), and have reportedly never been
systematically explored for Lithium. Such fertile terrain in proximity to significant
Lithium deposits is considered highly prospective.
 The Company is now working towards controlling the Villisman and Ancasti groups that
host the known Lithium pegmatites that adjoin the tenements applied for.
LATIN RESOURCES LIMITED
ACN: 131 405 144
Unit 3, 32 Harrogate Street
West Leederville, Western Australia,
6007.
P 08 6181 9798
F 08 9380 9666
E info@latinresources.com.au
Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that, in line
with the Company’s joint venture initiative with Lepidico Limited, (announced 09 May 2016), claim
applications for 70,000 hectares of exploration tenements have been lodged at the Catamarca
Province mines office. The seven tenements adjoin two areas (the Vilisman Group and the Ancasti
Group) each hosting a number of well documented Lithium bearing pegmatites near the townships of
Ancasti and Vilisman (Figure 2), each located on the eastern slopes of the Ancasti Ranges some 40 km
from the Provincial Capital, San Fernando del Valle de Catamarca (Figure 1).
Figure 1: Location of the mining friendly Catamarca Province, its capital, and the Ancasti Ranges in NW
Argentina.
Pegmatites of the Ancasti Ranges:
Various studies of pegmatites in the Ancasti Ranges have been reviewed: Herrera (1964), Rossi
(1965), Fernández Lima et al. (1970), Marconi (1972), Balmaceda (1982), Balmaceda and Kaniefsky
(1982), Lottner (1983), Acosta et al. (1988) and Galliski (1992a, 1994a, 1994b).
Acosta et al (1988) grouped a series of lithium-bearing pegmatites occurrences in the Ancasti Ranges
into two groups, geographically located within several kilometres of each of the Vilisman and Ancasti
townships.


Figure 2: Location of the Vilisman and Ancasti Lithium Pegmatite Groups, with old mines marked (Solid red
areas). Latin’s claim applications cover the orange shaded areas extending outwards from, but excluding,
the known Lithium deposits.
Figure 3: Google view of pegmatite swarms within Latin’s claim applications
Latin Claims
Latin Claims
Vilisman Group, Latin Pursuing
Ancasti Group, Latin Pursuing
The Vilisman Group hosts at least 8 pegmatite deposits that have evidence of past mining activity. Six
of these are individual dykes emplaced along structures in banded mica schists, while two are formed
as multiple dykes. Most of the dykes outcrop over at least 100 m of strike length with thicknesses of
between 1 m and 5 m. Acosta et al (1988) mentions 11 other deposits in the Vilisman Group that
were visited as part of this work, but cites insufficient data preventing their inclusion in the tabulated
list, despite having observed good mineralisation and workings.
There are apparently fewer identified Lithium pegmatite deposits in the Ancasti group but these are
relatively larger in terms of strike length and width relative to those

[SCHUMACHER]

Point of interest from todays Announcement

These authors reported that lithium is predominantly present as Spodumene and these crystals can be over a meter in length! What’s more, there’re documented finds of more than 120,000 tonnes of Spodumene within 15 meters of the surface at 12 of Latin Resources’ 20 pegmatite deposits. The Catamarca district is to lithium what the Pilbara is to iron ore. The key difference is that there has been next to no systematic exploration for lithium at Catamarca and the region has only hosted a handful of small scale lithium mines. Low cost producer that is two years away from production It’s not only Latin Resources’ potentially large deposits of Spodumene that will excite investors. The explorer is also shaping up to be among the world’s lowest cost lithium producers after it signed an exclusive agreement earlier this month with Lepidico to use the L-Max technology in Argentina and Peru. L-Max can extract lithium from pegmatites more cheaply and effectively than current methods used today. The low capital requirement and unique design to set up a processing plant using L-Max mean that Latin Resources could possibly start commercial production extremely quickly! Low capex and a quick ramp up to commercial production give Latin Resources an important competitive advantage over the sector.

[SCHUMACHER]

Some more announcements out today which signify the JV with PLP and their Lepidico - PATENTED TECHNOLOGY - THE LITHIUM PLAY MENTIONED IN TODAYS ANNOUNCEMENT IS SIMPLY OUTSTANDING and i expect this could become one of the largest suppliers to the lITHIUM MARKET in a few short years - please read todays announcements and make your own decision -

Disclaimer: I hold LRS

TODAYS ANNOUNCEMENTS

01 Jun 2016 11:01 LRS: Latin Resources JV with Lepidico Takes Shape.
01 Jun 2016 09:48 AGM Presentation


The Lepidico Opportunity
• Lithium is a growth commodity driven by demand for Li – ion batteries
• Lepidico is focussed on exploration for unconventional sources of lithium
where it can successfully deploy its L-Max technology to:
 Create a substantial new source of lithium supply
 Potentially low operating costs
Lepidico could transform the lithium industry
where supply is currently struggling to meet demand
11
L-Max Technology

Established in 2015, Lepidico is an
Australian company set up specifically
to explore for unconventional sources
of lithium to apply its 100% owned LMax
process to
• Lepidico is in the process of being
acquired by ASX listed company
Platypus Minerals (PLP)
• L-Max extracts Lithium from mica
minerals – Lepidolite/Pegmatite, not
usually considered to be a source of
lithium
• Guided by a strong management and
technical team with long track record in
the mining sector
8
Exploring for new lithium resources
using technology to unlock value

STRATEGY AND GOALS FOR 2016
Identify, secure and develop lithium concessions in
Argentina and Peru
Funding provided by J/V partners to continue
drilling program at Peru, Ilo Copper projects
Utilise the Lepidico L- Max technology to enable
Latin Resources to move into production
Focus will be in Argentina and develop a Lithium
JORC resources within 12 months


:D :D :)

[SCHUMACHER]

Could be getting ready to run again - as always time will tell :)

[SCHUMACHER]

boom and shes off - could be a nice rally coming :)

[JBmurc]

Good stuff schuy ...long time no here ...good to see your back with a bang

disc- you did know I had a LRS thread ,,,was invested back long ago when they were chasing Iron ore Gold copper etc think I sould out above 10c ....

[SCHUMACHER]

Hi there JB - Yes back after a long spell away - ironically this was the first share investor forum site i joined 10 years + ago and its been an interesting decade of investing to say the least

yes just found your old LRS thred :) - Guess its appropriate to start one considering they chasing lithium now - lets hope this pans out as I expect it to do - currently trading games being played so its a sit and wait scenario if people can be patient - its one for the bottom drawer if you believe they will bring this to production inside 2 years which is a possibility - Argentina has changed politically for the better so the securing of these Lithium rich tenements will add value to LRS - cheers Schu

[heisenberg]

A lot of smoke but no fire after this most recent announcement. Market doesn't seem too bothered about the acquisition just yet

[SCHUMACHER]

A lot of smoke but no fire after this most recent announcement. Market doesn't seem too bothered about the acquisition just yet

Yes its not an overnight play - they need to show market they have the leases -tenements signed off by Argentine authorities then it should run - patience required :)

[SCHUMACHER]

announcement out - looks good in a spud rich province OVER 75 million shares traded already

LRS has MASSIVE potential - with proven pegaite deposits, and can start producing within a short time frame. JORC by end of year :)
LATIN CLAIMS HISTORICAL LITHIUM PEGMATITE MINING
CONCESSIONS, CATAMARCA, ARGENTINA.
HIGHLIGHTS**
 On 31 May 2016 the Company announced it had made claim applications over 70,000
hectares in seven exploration tenements in the Catamarca Province, prospective for
Lithium Pegmatites.
 Following extinction of a series of abandoned claims by the Mining Authority of
Catamarca, Latin has now applied for additional exploration tenements over 7,051.6
hectares that were surrounded by the initial exploration tenement applications in two
areas, Vilisman and Ancasti, each with past Lithium mining activity and that together
host in excess of twenty Lithium bearing pegmatite deposits documented by various
authors in publications made over the last 50 years.
 Combined estimates of Spodumene content within 15m ofsurface of 12 of these deposits
subject of the latest claim applications are in excess of 120,000 t (Acosta et al 1988,
Balmaceda & Kaniefsy 1982 and other non‐JORC foreign publications).*
* Cautionary Statement: These data are published historical foreign estimates not reported in
accordance with the JORC Code. A competent person has not done sufficient work to verify the data in
accordance with the JORC code and it is uncertain that following evaluation and/or further exploration
work that these foreign estimates will be able to be reported in accordance with the JORC Code.
 These Lithium bearing pegmatite deposits have a history of small scale past production,
having been intermittently exploited for Lithium minerals, and associated Beryl,
Tantalum and feldspars during the 1950’s and 1970’s.
 Analysis of four samples collected by Latin geologists of exposures of spodumene in old
mine workings in three pegmatite deposits within the new claim applications reported
grades of 6.6%, 7.1%, 6.3% and 4.9% Li2O respectively.
LATIN RESOURCES LIMITED
ACN: 131 405 144
Unit 3, 32 Harrogate Street**
West Leederville, Western Australia,
6007.
P**08 6181 9798
F**08 9380 9666
E**info@latinresources.com.au
Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that, in line with
the Company’s joint venture initiative with Lepidico Limited, (announced 09 May 2016), claim
applications for 7,051.6 hectares in two exploration tenements have been lodged at the Catamarca
Province mines office.
The two tenements cover the Vilisman and Ancasti Pegmatite Groups referred to in the Company’s
announcement of 31 May 2016, and each host a number of well documented Lithium bearing
pegmatites near the townships of Ancasti and Vilisman (Figure 2), each located on the eastern slopes
of the Ancasti Ranges some 40 km from the Provincial Capital, San Fernando del Valle de Catamarca
(Figure 1).
Figure 1: Location of the mining friendly Catamarca Province, its capital, and the Ancasti Ranges in NW Argentina.
These new applications are in addition to seven initial applications totaling 70,000 hectares
surrounding the Ancasti and Vilisman Groups subject of the announcement of 31 May 2016.**The two
new applications were made following extinction of abandoned mining claims by the Catamarca Mining
Court.
Pegmatites of the Ancasti Ranges:
Various studies of pegmatites in the Ancasti Ranges have been reviewed: Herrera (1964), Rossi (1965),
Fernández Lima et al. (1970), Marconi (1972), Balmaceda (1982), Balmaceda and Kaniefsky (1982),
Lottner (1983), Acosta et al. (1988) and Galliski (1992a, 1994a, 1994b).
Acosta et al (1988) grouped a series of lithium‐bearing pegmatites occurrences in the Ancasti Ranges
into two groups, geographically located within several kilometres of each of the Vilisman and Ancasti
townships.**
Provinces with
legislation that
prohibits mining.
Provinces
reviewing
legislation that
prohibits mining.
Provinces with no
legislation that
p

[SCHUMACHER]

LRS has broken its 52 week high - today which is "very bullish" and already 30 million traded today - should go alot higher -

LRSO options with approximately 1 year to expiry so IMO any options under 1c (current sellers at .007c ) are worth acquiring and a better leverage to make money if you like the Argentinian Lithium opportunity these guys have GLTA looks like a keeper for me :)

- if they get confirmation of the 77,000 hectares of lithium tenements which they have applied for with Argintinian govt then this will fly IMO ( DYOR ) thanks


THIS ANNOUNCEMENT FROM LAST WEEK TO FURTHER ADD WEIGHT TO THIS COMPANIES MASSIVE OPPORTUNITY TO BECOME A LITHIUM PROVENCE : Over to you to do your own research :)

LATIN CLAIMS HISTORICAL LITHIUM PEGMATITE MINING
CONCESSIONS, CATAMARCA, ARGENTINA.
HIGHLIGHTS**
 On 31 May 2016 the Company announced it had made claim applications over 70,000
hectares in seven exploration tenements in the Catamarca Province, prospective for
Lithium Pegmatites.
 Following extinction of a series of abandoned claims by the Mining Authority of
Catamarca, Latin has now applied for additional exploration tenements over 7,051.6
hectares that were surrounded by the initial exploration tenement applications in two
areas, Vilisman and Ancasti, each with past Lithium mining activity and that together
host in excess of twenty Lithium bearing pegmatite deposits documented by various
authors in publications made over the last 50 years.
 Combined estimates of Spodumene content within 15m ofsurface of 12 of these deposits
subject of the latest claim applications are in excess of 120,000 t (Acosta et al 1988,
Balmaceda & Kaniefsy 1982 and other non‐JORC foreign publications).*
* Cautionary Statement: These data are published historical foreign estimates not reported in
accordance with the JORC Code. A competent person has not done sufficient work to verify the data in
accordance with the JORC code and it is uncertain that following evaluation and/or further exploration
work that these foreign estimates will be able to be reported in accordance with the JORC Code.
 These Lithium bearing pegmatite deposits have a history of small scale past production,
having been intermittently exploited for Lithium minerals, and associated Beryl,
Tantalum and feldspars during the 1950’s and 1970’s.
 Analysis of four samples collected by Latin geologists of exposures of spodumene in old
mine workings in three pegmatite deposits within the new claim applications reported
grades of 6.6%, 7.1%, 6.3% and 4.9% Li2O respectively.
LATIN RESOURCES LIMITED
ACN: 131 405 144
Unit 3, 32 Harrogate Street**
West Leederville, Western Australia,
6007.
P**08 6181 9798
F**08 9380 9666
E**info@latinresources.com.au
Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that, in line with
the Company’s joint venture initiative with Lepidico Limited, (announced 09 May 2016), claim
applications for 7,051.6 hectares in two exploration tenements have been lodged at the Catamarca
Province mines office.
The two tenements cover the Vilisman and Ancasti Pegmatite Groups referred to in the Company’s
announcement of 31 May 2016, and each host a number of well documented Lithium bearing
pegmatites near the townships of Ancasti and Vilisman (Figure 2), each located on the eastern slopes
of the Ancasti Ranges some 40 km from the Provincial Capital, San Fernando del Valle de Catamarca
(Figure 1).
Figure 1: Location of the mining friendly Catamarca Province, its capital, and the Ancasti Ranges in NW Argentina.
These new applications are in addition to seven initial applications totaling 70,000 hectares
surrounding the Ancasti and Vilisman Groups subject of the announcement of 31 May 2016.**The two
new applications were made following extinction of abandoned mining claims by the Catamarca Mining
Court.
Pegmatites of the Ancasti Ranges:
Various studies of pegmatites in the Ancasti Ranges have been reviewed: Herrera (1964), Rossi (1965),
Fernández Lima et al. (1970), Marconi (1972), Balmaceda (1982), Balmaceda and Kaniefsky (1982),
Lottner (1983), Acosta et al. (1988) and Galliski (1992a, 1994a, 1994b).
Acosta et al (1988) grouped a series of lithium‐bearing pegmatites occurrences in the Ancasti Ranges
into two groups, geographically located with

http://latinresources.com.au/

LATIN CLAIMS 70,000 HECTARES IN LITHIUM PEGMATITE
DISTRICT, CATAMARCA, ARGENTINA.

HIGHLIGHTS
 Latin Resources Limited (ASX: LRS) announced 09 May 2016 the signing of a binding
term sheet to form a joint-venture between LRS and Lepidico Limited (LEP) which will
seek to acquire and advance lithium projects in Argentina and Peru to utilise the
Lepidico process technology to produce lithium carbonate.
 70,000 hectares in seven exploration tenements have now been applied for in the
Catamarca Province that adjoin two areas totalling 7,500 hectares that together host in
excess of twenty Lithium bearing pegmatite deposits documented by various authors
over the last 50 years.
 The documented deposits in the adjacent areas are pegmatite dykes striking roughly NS
over 50 m to 700 m length, and are up to 8 m thick.
 Past reports identify that Lithium is predominantly present in the adjacent areas as
Spodumene, with individual crystals reaching more than 1m in length. Lithium micas
are also reported in some cases as accessory minerals.
 The documented Lithium bearing pegmatite deposits in the adjacent areas have a
history of small scale past production, having been intermittently exploited for Lithium
minerals and associated Beryl, Tantalum and feldspars during the 1950’s and 1970’s.
 The exploration tenements applied for by the Company host hundreds of outcropping
pegmatite dykes, frequently in swarms (Figure 3), and have reportedly never been
systematically explored for Lithium. Such fertile terrain in proximity to significant
Lithium deposits is considered highly prospective.
 The Company is now working towards controlling the Villisman and Ancasti groups that
host the known Lithium pegmatites that adjoin the tenements applied for.

[SCHUMACHER]

Well another great day for LRS - over 120 million shares traded today on both Asx and CHI-X

From when i first posted about this stock on 31 May we are now up 70% gain in 2 weeks - anyone else bought in when i started posting ? if so well done - its going to be a good medium / long term LITHIUM hold IMO :)

the options LRSO could become great leverage :D

p.s WE CLOSED AGAIN ON THE INTRADAY HIGH 2 DAYS IN A ROW (Friday and Monday) and have now exceeded and closed above the companies 52 week high ------ we may finally be getting re-rated by market due to their MASSIVE land holding (lithium) in Argentina which some suggest could become a Lithium provence and WE have a massive stake or piece of the pie

As always time will tell

[Aotea]

All the best to you Schu.
I am pretty wary of early explorers in Li.
Suspect many are going to fall away or be consumed by producers.
Have holdings in GXY and NMT, both up 200%+ so have more than an interest in the sector..it just seems everyone is looking for spodumene even KAI, a dog Ive held for far too long!

[SCHUMACHER]

Thanks Aotea- couldnt agree more an thanks for your honest and direct comments which is refreshing - Ironically GXY started similiar to LRS so it will be interesting to see this one evolves as they intend to get to production relatively quickly (within 2 years) if all goes well so buying a million shares at 2c is worth it as long as people dont get carried away and throw all their capital at it - 5% of working capital is enough IMO

Agree there are alot of dog stocks out there and it takes something for a company to go from a "penny dreadful" to something of status GXY is one of those companies as they were trading below 5c for some time before the bIG run - i personally believe LRS will do well subject to a few milestones being met

ive been in the game of investing for many years and can assure readers this company has potential to Become a BIG player in lITHIUM province of Argentina however DYOR) - i do my research very thoroughly and then put my cash on the table as early in the companies cycle as possibe - management and ability to deliver are two important and critical factors - management in LRS is exceptional but ill let others decide that for themselves

i have a fairly solid reputation when it comes to picking winners - some examples below - my point is that people need to follow their own beliefs and reasons for investing , Buying , selling and holding - these days we are having to deal with a different market as we do every year however todays markets tend to be full of traders lookign for a few pips profit so now there are more playing in a traders arena than investors which is a shame as a lot of companies are fundamentally undervalued due to trading platforms and algorithims that can easily distort the reality of company assets, so the key is to avoid all the trading noise and look seriously at what sectors are performing and will do for the future due to supply and demand ratios -
TOX - bought at 2.8c now $2.53 :)

OXIANA - bought at 4c sold at many multiples (long time ago )
AGM - Nickel producer bought at 8c sold $1.10 when it got bought out by Jinchuen
TV2 bought at .009c now 3.7c
BRN- bought at 4c sold at 48c -

Anyway I digress.... back to LRS
They have proven lithium due to historic sites in one of the worlds largest Lithium provinces - anyway each to their own - they intend to have a JORC compliant resource by end of year so lots to look forard to for a company with a very small market cap - however we need to prove up the resource and confirm those exceptional grades as ive mentioned in "cut and paste" below from company announcement ---read on........

the volumes of shares traded daily is somewhat staggering and today we saw it again - a few weeks ago we saw 200 million traded and the odd 50 million day - albeit alot of churn however we are experiencing higher lows and more importantly higher highs - if management can deliver this year what the market is wanting to see then this will be multiples of even todays price and a re-rating will seriously be on the cards :)




LATIN CLAIMS HISTORICAL LITHIUM PEGMATITE MINING
CONCESSIONS, CATAMARCA, ARGENTINA.
HIGHLIGHTS**
 On 31 May 2016 the Company announced it had made claim applications over 70,000
hectares in seven exploration tenements in the Catamarca Province, prospective for
Lithium Pegmatites.
 Following extinction of a series of abandoned claims by the Mining Authority of
Catamarca, Latin has now applied for additional exploration tenements over 7,051.6
hectares that were surrounded by the initial exploration tenement applications in two
areas, Vilisman and Ancasti, each with past Lithium mining activity and that together
host in excess of twenty Lithium bearing pegmatite deposits documented by various
authors in publications made over the last 50 years.
 Combined estimates of Spodumene content within 15m ofsurface of 12 of these deposits
subject of the latest claim applications are in excess of 120,000 t
 These Lithium bearing pegmatite deposits have a history of small scale past production,
having been intermittently exploited for Lithium minerals, and associated Beryl,
Tantalum and feldspars during the 1950’s and 1970’s.
 Analysis of four samples collected by Latin geologists of exposures of spodumene in old
mine workings in three pegmatite deposits within the new claim applications reported
grades of 6.6%, 7.1%, 6.3% and 4.9% Li2O respectively.

[SCHUMACHER]

Looks like the Pro's have arrived - get ready for a BIG move north in coming days :)