LRS-Latin Resources explorer -MONSTER IN THE MAKING!!

[JBmurc]

Latin Resources Limited is a mineral exploration company focused on creating shareholder wealth
through the identification and definition of mineral resources in Latin America, with a specific focus on
Peru.

http://www.latinresources.com.au/

http://www.latinresources.com.au/presentations/2010_09_16_Latin_Resources_Corparate_Presentation. pdf

IPO-20c to raise 6mill---IPO OVERSUBSCRIBED
CFE largest shareholder with 17%

Current SP-16c bids 18c offers

might look at taking a small interest over the short term like the exposure to Latin America

[Aotea]

Hi JB,
Looks like an interesting prospect.
Will take a look at the tenements looking at them relative to the other big ones in the wider area.
My fiance is a pretty sharp geologist who has done plenty of drilling analysis. Her comments geologically are always useful too...

Another punt in Chile is Luguna LRC:ASX. Valued at 6c AUD a share, but sitting around 1.6c.

[JBmurc]

Hi JB,
Looks like an interesting prospect.
Will take a look at the tenements looking at them relative to the other big ones in the wider area.
My fiance is a pretty sharp geologist who has done plenty of drilling analysis. Her comments geologically are always useful too...

Another punt in Chile is Luguna LRC:ASX. Valued at 6c AUD a share, but sitting around 1.6c.

yeah very good- fiance GEO, that would help understand all the Geo tech reports

[JBmurc]

Well wish I brought into LRS back when I was looking into them up 18% today to 26c the investor presentation they annouced shows the huge potential they have in Peru

[JBmurc]

Starting to move northwards again 6.5c some very nice assets held....already have interest through CFE holding 11% of the shares
but even thinking bout buying a few

-Recent Analyst report- http://latinresources.com.au/sites/latinresources.com.au/files/research/BCP%20Equities%20Report%20March.pdf

[JBmurc]

Old thread but I thought I'd bring it back as LRS is going gang busters today ... I for one have been chasing the market and taking my LRSOC holding close to $100k AUD in value 3mill opts!! ...Upside is HUGE here

today's ann..

https://www.proactiveinvestors.com.au/companies/news/938764/latin-resources-intersects-bright-white-kaolin-up-to-50-metres-thick-at-noombenberry-halloysite-kaolin-project-938764.html

The Noombenberry Cross section below explains it all:

4km's of strike fully open in all directions with solid intercepts ranging from 20m in thickness - 48m in thickness all under shallow cover of dirt...

I reckon this footprint will be larger in size than ADN as the tenement is larger in size and drilling intercepted bright white Kaolin across the 18km2 area!

LRS also has major -Lithium Copper JV's with Major players ..plus a cracking good Aussie Gold Project

[troyvdh]

Sir....permission to shout very loudly.

[JBmurc]

Sir....permission to shout very loudly.

Hope you loaded up weeks ago mate ... wish I purchased more ... UP 50% today ... and its well known LIND a major shareholder has been selling for sometime if they wanted out ...today would have cleaned them out .. bring on tomorrow hopefully less major selling

[JBmurc]

Great to see some FOMO LRS up 16% 6.4c must have been a great meeting yesterday with 3.6mill AUD traded today!!! results early next week as confirmed by management..... another 10% tomorrow IMHO ...

LRSOC great buying getting major discount 4.7c !! and 2yrs till you have to pay the extra 1.2c !!! = 5.9c what a joke half a cent discount ...

how good will the HALLOYSITE grades be?? will this be the next ADN is looking a much larger deposit we just need grade and LRS will move 200-300% next week ....and thats only one of many major projects !!

[JBmurc]

Very tempted to add to my 3mill LRSOC holding ... talk of 50c upside is quite hard to fathom... but if the grades are as good or better than ADN ???

ADN = $678mill

LRS = $77mill

[Stumpynuts]

Very tempted to add to my 3mill LRSOC holding ... talk of 50c upside is quite hard to fathom... but if the grades are as good or better than ADN ???

ADN = $678mill

LRS = $77mill


ADN will be a safer bet because of their work with the concrete strenghtening applications - I can see concrete 3D printing of buildings scaling up as the automation gets better and the concrete getting stronger because of halloysite kaolin.

[JBmurc]

ADN will be a safer bet because of their work with the concrete strenghtening applications - I can see concrete 3D printing of buildings scaling up as the automation gets better and the concrete getting stronger because of halloysite kaolin.

Yes for sure but LRS not just Halloysite kaolin its actually one of the smallest valued targets

1#--- Lithium exploration starts this quarter and that we’re funded for 5 more quarters Via Major Lithium player JV

We are the largest Li spodumene landholder in Argentina. We have two main projects, Catamarca and San luis. The Jv is only on the Catamarca project. Integra's initial estimate is a 20+ year mine life producing 200,000 tpy at 6% Li2O. Cost of poduction is 30-40% less than peers in Western Australia spodumene producers. Although we don't have a Jorc yet but based on this info I have worked out the NPV at app $1billion. I'm hopefull however that we will be doing Li hydroxide or Carbonate for maximum profit. I have based the calculations on a 10% discount, 25 year mine life, 250,000 tpa.

The info is based on a combination of our Anns and a report done by Integra whilst they were doing their DD.

► LRS has the largest hard rock
spodumene landholding in
Argentina
► Under-explored spodumene
Pegmatite Swarms
► Potential to host World Class
Lithium Deposit.
► Secured a JV with Integra Capital
( Argentinian Private Equity
Group) in which they will invest
US$1m into Catamarca for 50% of
the project
► Integra to become LRS major
shareholder with 10% holding

2#-Copper Peru...another JV with another major miner 10 Billion cap FQM

3#-Guadalupito Andalusite and Heavy Mineral Sands Project --It has the potential to be a world class project , andalusite mineral content, magnetite, Ilmenite, rutile, zircon, garnets, apatite and guess what? Rare Earth Element (REE) bearing monazite

4#- 30% S/H in Westminster Resources TSX-V:WMR. They had bought LRS- Ilo Este and Ilo Norte CopperProjects in Peru. Copper Porphyry deposits

5#-GOLD COPPER NSW AUS-75% interest --Malindra Project near Cadia Au/Cu
geological setting is highly prospective for copper-gold skarn mineralisation, as highlighted by the NSW prospectivity mapping

[JBmurc]

LRS Another massive day my opts up $40k AUD and if they were priced correctly add another $23k head share close 7.9c .... still no results but is looking like with LIND gone now from the register... selling pressure has been overwhelmed by Buyers wanting more LRS ... results due any day 10c looming

[JBmurc]

Very tempted to add to my 3mill LRSOC holding ... talk of 50c upside is quite hard to fathom... but if the grades are as good or better than ADN ???

ADN = $678mill

LRS = $77mill

ADN now $800mill ......LRS still $77mill

Great post from "woodpecker" on HC

Sure. Adn opex in the pfs was around 350$ per ton so that should be repeatable. Selling price from 700$ to 1200$ per ton.
@ 700$ Adn got margins around 350$ and an Irr of 175%. So at 1200$ that should be crazy!

Adn plans to supply also the concrete industry and stated that the processing costs would be lower than the 350$ for the ceramics but the selling price could be 4-5times higher ~3000$ per ton. With halloysite kaolin you can supply extremely different industries so you could ending with well over 20 products or much more. In the nano sector one ton sells for several millions $.

Don't want to cross promote here, just give examples. Adn is way more progressed so is paving the way for Lrs and others. Demand is so high and supply is so limited, there will be no struggle for both companies. Some might think Adn holders are worried because of Lrs sucess but I don't think that's the case. Both will be extremely successful if they bring the projects into production. Lrs will need a experienced professional in the space once the drilling is done that will take the helm. Mngmt now has too much other projects to manage them all effective.







......I'm 90% confident my LRS investment will make me a Million within the next 24months...

[troyvdh]

Wow..I love the bold.

[JBmurc]

Wow..I love the bold.

Easy to be bold when you get the early results of Halloysite Kaolin that won't take much to get into production as on the surface aka just use a loader and fill the containers off to China $$$ only 300Kms to port ... LRS gaining solid cashflows can't be under estimated as they have many other projects that then could be aggressively
explored ... My target value for LRS is 400-500mill Cap within next 12-24months.. I don't think this is unrealistic when we look at the likes of ADN

https://thewest.com.au/business/public-companies/halloysite-deposit-continues-to-grow-for-latin--c-2325525.amp?__twitter_impression=true

[denpal]

Hey JB I get the feeling I need to look into this puppy, what's your price target 2-3 years out? What's the biggest risks? How do we know how sustainable this kaolin product is? Like the sound of the oppies and liquidity looks not too bad too. Thanks in advance.

[denpal]

Fully diluted around 1.92B shares, MC on this basis $105.6M.

[JBmurc]

Hey JB I get the feeling I need to look into this puppy, what's your price target 2-3 years out? What's the biggest risks? How do we know how sustainable this kaolin product is? Like the sound of the oppies and liquidity looks not too bad too. Thanks in advance.

I think so ... LRS has run really well over the last year up like 1600% at one point so certainly coming from a low base ... and as we are seeing of late many taking profits and pip traders leaving for hotter shares at present ... LRS will fire up again when we get a JORC on the Kaolin/Halloysite which looks very likely to be a commercial project of size ... Kaolin is a 5.4billion+ pa valued market at present with predictions of it going past $8billion 2024+

worth a watch LRS discovery looks very similar to ADN https://www.proactiveinvestors.com.au/companies/news/911063/if-you-don-t-know-what-halloysite-kaolin-is-andromeda-metals-tell-you-why-you-should-911063

LRS major advantage is not only have one mineral focus with - HUGE Copper + Lithium project lead by Billion cap miners than specialise in their sectors and countries ... a great kicker even 10% free carry could be worth hundreds of millions

[JBmurc]

https://www.youtube.com/watch?v=94UEB_jImUY


BIG BIG resource >> not long now MAY we are to get Resource est. numbers this will spark the market up

[JBmurc]

https://www.gasworld.com/university-of-newcastle-develops-carbon-capture-nanotechnology/2019752.article

Scientists at the University of Newcastle in Australia said they have used tiny structures found in clay as a ‘template’ to create a new material capable of capturing carbon dioxide emissions.

[Lion_graf]

Noombenberry's good results didn't fire up the SP like a lot of holders were suggesting.

[JBmurc]

Noombenberry's good results didn't fire up the SP like a lot of holders were suggesting.

need JORC resource ... I'm happy to wait exploration to date has been very promising ..Highest grade Halloysite to date drilled in Aus a great start >>>


- free carried JV with Integra capital on their Large Argentinian Lithium projects update will spark some interest ... is main reason why I purchased LRS along with the new Lachlan Fold Gold projects ..Peru Copper ...

I'm certainly not stressed about SP till we see the story develop further if 6months from now with Noombenberry JORC + Offtake agreements
movement on other projects being affected by COVID and the SP is still below 10c .... then yes I'll be pissed

[Aotea]

Hi LRS holders. I dont know much about this company but a mate just bought a stack of them and i see it was a favourite pick in the stock comp. Am keen to hear from any holders what their view of the company is if anyone has an opinion they want to share. Cheers

[JBmurc]

Hi LRS holders. I dont know much about this company but a mate just bought a stack of them and i see it was a favourite pick in the stock comp. Am keen to hear from any holders what their view of the company is if anyone has an opinion they want to share. Cheers

My opinion is BUY n Hold too many company making projects not to succeed esp as Kaolin project looks commercial along with mineral sands they hold

[denpal]

Hi LRS holders. I dont know much about this company but a mate just bought a stack of them and i see it was a favourite pick in the stock comp. Am keen to hear from any holders what their view of the company is if anyone has an opinion they want to share. Cheers

Hi Aotea, I like the halloysite/kaolin exposure as the former is needed in EV battery membranes separating the anode from the cathode, about 2kg per typical EV from what I understand. For this purpose it's refined into HPA (high purity alumina). Looking at ADN, seems to me we could well be in the same league and that is without even considering our lithium exposure. All-up, buying the relatively long-dated OC's seemed the natural thing to do with seemingly a manageable degree of risk.

[Aotea]

Thanks...i just may take a position in the OC's. Cheers

[denpal]

Some good price action today!

[JBmurc]

Some good price action today!

Yeah sitting on 3.2Mill OC's so primed for continued growth in LRS value .. great buying interest on close ... JORC resource next month ... why wouldn't you be holding the LRS 75mill could well prove up a larger higher grade Halloysite/Kaolin deposit than the $475Mill ADN... and thats just one of LRS projects

Looking forward to Lithium JV project updates

[JBmurc]

BOOOM >>>> Holding tight LRSOC will along with MAG - CNB etc see me reach my 1mill NZD portfolio target >> mid year ????

[Paddie]

I looked at buying some of the OC's a while back when they were a bit over 3c. I ended up buying LCD instead at 4.6c and they are now 4.4c?
Don't you hate that?

[JBmurc]

I looked at buying some of the OC's a while back when they were a bit over 3c. I ended up buying LCD instead at 4.6c and they are now 4.4c?
Don't you hate that?

Yes done it many times before ... LCD will have its day ... I did sell for a small profit 4.6c to then see it fly days later back down again might buy again soon ..

[arekaywhy]

couldn't hold on man, I bailed on the jump up

[JBmurc]

couldn't hold on man, I bailed on the jump up

No stress you don't go broke taking profits .... I'm Holding all till JORC next month ...if as good as I think it will be it should blow past 10c to the mid teens on a spike ..will take some profits then

[JBmurc]

The initial discussions have unearthed some key attributes for the Noombenberry project including.
• Potentially an easily minable project with low strip ratio.
• The potential characteristics of the halloysite in the deposit puts it in the best of breed category for
hydrogen and carbon capture as well as other nanotechnology applications.
• Latin is identifying world class technology development partners to carry out Research and development
programs in the hydrogen and carbon capture sectors.
• The Noombenberry product could be particularly suitable for the high-end paper and ceramics market
sectors.
• The potential to produce a DSO product to establish early cashflow.
• Close to accommodation and road/rail links to a port.
• Noombenberry possesses many positive attributes to become a fast – track development project.

[JBmurc]

Latin Resources Exploration Manager, Tony Greenaway commented: “We are thrilled to
have identified this globally significant kaolin-halloysite resource within only 18 months since
acquiring the Noombenberry Project. It really puts us on the map in this emerging sector and
provides a remarkable opportunity to potentially push Latin from explorer to producer within
a brief period. We look forward to commencing the next round of drilling in July, which will
have a dual focus of both uplifting the current resources to Indicated or Measured status, and
resource growth.”
Latin Resources Executive Director, Chris Gale said: “My fellow directors and I are extremely
pleased that Latin has achieved this outstanding milestone for the Company. Our exploration
team have excelled in defining a world-class deposit despite the challenges of a difficult COVID
environment. This massive result adds enormous value to LRS and will elevate the company to
a new level. We will now look to fast track the deposit through to development as quickly as
possible to take advantage of the buoyant mineral prices. I would also like to extend my
sincere thanks to the landowners in Merredin for being so accommodating during the
exploration and drilling process".

[JBmurc]

$96M LATIN RESOURCES (ASX: LRS) BETTER THAN $475M ANDROMEDA?
Our $96M capped Halloysite hero Latin Resources (ASX: LRS) just announced a 207mt maiden JORC resource which on our initial read looks to be better than $475M capped Andromeda’s 210mt resource.

Today’s LRS JORC resource news has significantly exceeded our expectations, also considering LRS has drilled only the first of 5 of its projects - its land holding is 7 times the size of Andromeda.

We didn’t expect LRS would announce a maiden JORC inferred kaolin-halloysite resource that is practically the same size as its wildly successful bigger brother Andromeda - we also note that LRS’s JORC resource estimate was done independently.

Andromeda was one of the best performing stocks on the ASX last year and is a great example of how a micro cap explorer can unlock serious value in a halloysite project - its share price hitting 10x at its peak.

Today we provide our initial quick take on the LRS news (it’s better than we had hoped for) and we will shortly follow up with a deeper dive into the LRS JORC resource, what it means and how it compares to Andromeda.

ASX:LRS

LRS is currently capped at $97M and is now sitting on what could become the single-largest undeveloped Kaolin-Halloysite deposit in Australia.

LRS’s halloysite project is one of Australia’s few known occurrences of ultra-high-grade halloysite – a naturally occurring nanotube.

A global Inferred Mineral Resource of 207 million tonnes of kaolinised granite has been estimated at Noombenberry, comprising two separate domains:
123 million tonnes of bright white kaolin-bearing material; and
84 million tonnes of kaolin/halloysite-bearing material.

We invested in LRS in November 2020, and increased our position a few months later.

We invested as we liked the potential in LRS’ halloysite/kaolin project.

We sat on the sidelines as Andromeda Metals rose to a $475M market cap off the back of its impressive halloysite resource.

We took a position in LRS as we are hoping it can replicate similar success to Andromeda on its halloysite project in WA.

Today’s JORC announcement looks like LRS may be in a position to match Andromeda.

We will do a full deep dive of this major announcement in the coming days.

...from Catalyst

[denpal]

Looks like today was the day traders taking their pips on the news, surely the real re-rate will take place in due course. I’m wanting some more OC’s under 6c if anyone gets nervous.

[JBmurc]

LRS Vs ADN

https://catalysthunter.com/mining/lrs/halloysite-heavyweights-go-head-head-lrs-vs-adn/

[JBmurc]

LRS Vs ADN

https://catalysthunter.com/mining/lrs/halloysite-heavyweights-go-head-head-lrs-vs-adn/

[denpal]

Hey JB have you looked at this LRS nearology play: https://catalysthunter.com/mining/ras/tiny-ragusa-minerals-asx-ras-acquires-two-nearology-projects-we-have-invested/

I’m looking into it over the next few days, adjoins our deposit and there could be extensions there. MC is about $9 mill.

Tempted to get even more OC’s if they get to 3c or so.

[JBmurc]

Yes RAS looks worth a punt for trade or more >> Yes I got a few more OC's ... over 3mill so been a real drag on the portfolio of late >> looking forwards to some updates this week >>

[JBmurc]

Speaking to the findings at Salinas, Latin managing director Chris Gale said: “The whole team at Latin Resources is ecstatic about the continual positive drilling results from our Salinas Lithium Project.

“The growing thickness along with the rich spodumene pegmatites is further indication that Latin may have a very compelling lithium project on its books.

“We look forward to receiving the assay results from these spodumene pegmatites in the next few weeks.


https://www.proactiveinvestors.com.au/companies/news/976868/latin-resources-uncovers-thick-spodumene-bearing-pegmatites-open-in-all-directions-at-salinas-976868.html

Another 10x Bagger in the making IMHO .... buying more after the great ann.

[Watchful]

Yeah, really enjoying some of the potential with this one. Topped up after it retraced a little from their initial announcement about the spodumene visuals. Hopefully the assays prove something to be really excited about.

[JBmurc]

Yeah, really enjoying some of the potential with this one. Topped up after it retraced a little from their initial announcement about the spodumene visuals. Hopefully the assays prove something to be really excited about.

Looking good with those Visuals >>

[JBmurc]

Added more opts yesterday 3.6c ... great to see up 12% so far today ..LRS looking very undervalued to peers in the Lithium space .... 10c+ incoming before mid-year

[JBmurc]

https://catalysthunter.com/mining/lrs/large-fresh-green-crystals-everywhere-new-lithium-discovery/

LRS keeps releasing promising visuals of drill cores, and attention is now starting to turn to the potential lithium grades from assay results, which are due in a few weeks.

The timing couldn’t be better for LRS with lithium prices at all time highs due to a combination of tight supply, growing demand and under investment during the July 2018 - July 2020 “lithium winter.”

It’s a powerful market narrative. And after the three additional holes announced yesterday, LRS has managed to hit what looks like spodumene bearing pegmatites in all six holes drilled so far.

For the uninitiated, spodumene is a lithium bearing mineral and a pegmatite is the host rock.

The market seems to like the latest LRS news, with the company confirming that the visually identified spodumene bearing pegmatite structure extends over a ~500m strike zone in the southern part of the prospective area.

[JBmurc]

And on it goes LRS charging another 17.5%

https://www.mining.com/web/lithium-squeeze-has-sigma-looking-to-double-brazil-capacity/

[JBmurc]

Some speculation LRS will drop announcement in the morning... interview on Radio 3AW Melbourne 1.30 Pm on the Bulls and Bears segment with LRS MD Chris Gale...

Holding tight could we see 10c crossed in a Frenzy Friday Trade

[Watchful]

Exceptional start with those first two assays.. peak of 3.22% li and a good amount in the 2%+ range. Still with some of the potentially better visuals to come in future assays. Gonna be a big day for LRS.

[JBmurc]

Exceptional start with those first two assays.. peak of 3.22% li and a good amount in the 2%+ range. Still with some of the potentially better visuals to come in future assays. Gonna be a big day for LRS.

Going be a BIG year for LRS ... my LRSOC is now my highest Value position ....Up $54k AUD just today ... now my third Holding I'm 100% holding till later this year along with CNB + MAY ...

. my previous highest value holdings ..
funny Spec money always running away after a Strong run up ...

I personally think LRS hasn't reached that point till later April ... thinking about exercising my OPTS and later April when LRS SP is well into the teens if not 20c+ take the profit and re-buy opts if they continue to be undervalued more than .2 - .4c ..... the opts seem to trade like the market think they have a 1.5c ex. price and not the 1.2c they have >>

[Sous87]

Congratulations JB and thanks for the tip not long ago.

[JBmurc]

Congratulations JB and thanks for the tip not long ago.

No stress ....I'm over the moon ...as leaving my job I really needed LRS to make a discovery so I can continue with my passion trading the markets ... looking so very likely now ..

[GOAT]

No stress ....I'm over the moon ...as leaving my job I really needed LRS to make a discovery so I can continue with my passion trading the markets ... looking so very likely now ..
very well played JB.

I bought in last week at 7c, and now it hit 10c.

How far do you think the SP could go in 1-2 years?

[JBmurc]

very well played JB.

I bought in last week at 7c, and now it hit 10c.

How far do you think the SP could go in 1-2 years?

Hard to know till more results .... but its got real 1000%+ upside potential .. with many great projects on the books their Brazil lithium PROJECTS alone could be worth 1Billion+ when you look just down the road at Sigma lithium (One of the best NEW Lithium companies at present)...

Then you have Peru Copper project exploration(IN the land of the monster Cu Projects)

the Massive Cloud-9 Halloysite-Kaolin Project in WA AUS... looking to monetise >>

24.2% position in SLM.asx Copper explorer in -https://solisminerals.com/
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02491407-6A1078700?access_token=83ff96335c2d45a094df02a206a 39ff4

LITHIUM Argentina PROJECTS, landholding totalling over 70,000 hectares.

The Catamarca Project contains numerous swarms of spodumene pegmatites that have not been fully explored.

Two areas, Vilisman and Ancasti, each with past lithium mining activity, 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 of surface of 12 of these deposits are in excess of 120,000 t

.... They also have some very nice Gold projects in NSW ...but they don't seem to even care about those ...

I think we could see LRS spin-out another ASX listing IPO where all the Aussie assets go along ..

[denpal]

Nice day today! This is turning into one of my better plays, and looks like more to come. The options lag so much it's crazy.

[JBmurc]

Nice day today! This is turning into one of my better plays, and looks like more to come. The options lag so much it's crazy.

Yes holding only the opts I'm looking forward to converting them to head shares ...on close was a .6c difference ...for my holding If I exercise opts 1.2c = $40,800 I'd be $20,400 better off ....

[JBmurc]

And thats the 10c wall GONE .... bring on the .5c movements .. great for us 1.2c opt holders .... every tick a nice jump in option value

[JBmurc]

LRS now like I expected 11c ... Opts so undervalued its not even funny anymore ,,, will be going ahead to exercise next week ....

[JBmurc]

EARLY EXERCISE OF OPTIONS - $1.2 MILLION INJECTED INTEGRA FOUNDER DOUBLES SHAREHOLDING

Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to advise that Integra Capital Founder and the Company’s largest shareholder, Mr Jose Luis Manzano has exercised 100,200,000 LRSOC options to acquire 100,200,000 fully paid ordinary shares for a consideration of $1,202,400.

The options have been exercised several months ahead of their maturity in December 2022, demonstrating the strong support from Mr Manzano for our very significant recent discovery of lithium spodumene at the Salinas Lithium Project in the Minas Gerais mining province of Brazil.

The Company notes the funds from the exercise of these options will not be used to pay down the Lind facility per the Option Funding Agreement announced to the market on 28 February 2022, but will be applied to expanding our work program at the Salinas Lithium Project.

Mr Manzano now has a 13.4% interest in Latin shares and remains our largest and supportive shareholder. The option exercises above bring the total LRSOC options exercised over a 12-month period from 22 March 2021 to 25 March 2022 to a total of 223,000,876 bringing in funds of $2.676 million to the Company.

The Company has a long term and positive relationship with Integra Capital, our joint venture partners at our Catamarca Lithium Project in Argentina.

We look forward to continuing to build our relationship with Integra and its President, Mr Jose Luis Manzano.

[Watchful]

Now kissing the 13c mark, which makes two (small) bags for me on this one so far.

The usual ‘should have bought more’, but still finding my way around acceptable weightings, risk/reward etc, so ultimately I’m comfortable with how much I had picked up. ~3% of portfolio is now ~9%.

No guarantee it lasts, but things are looking good at the moment and for the future.

[GOAT]

Now kissing the 13c mark, which makes two (small) bags for me on this one so far.

The usual ‘should have bought more’, but still finding my way around acceptable weightings, risk/reward etc, so ultimately I’m comfortable with how much I had picked up. ~3% of portfolio is now ~9%.

No guarantee it lasts, but things are looking good at the moment and for the future.

I'm in the same boat.

I bought in at 7 cents, and then dipped in again at 9c. Now, I'm wishing I bought more. Oh well, I'm happy with my risk.

[freebee]

I'm in the same boat.

I bought in at 7 cents, and then dipped in again at 9c. Now, I'm wishing I bought more. Oh well, I'm happy with my risk.


What a day for LRS, up 50% in a day! Well done holders.
I bought into LRS on my daughters birthday March last year at 6c, watched my $ holding slowly drop right down in half to 3c and thought if it gets back to my buy price i'm selling. Well i didnt sell (luckily) very happy now.
Thanks to all on here (and esp JB) enjoy your weekend all.

[GOAT]

While most lithium stocks struggled today.. LRS had a strong day, with massive buy orders.. quickly smashed 20c and now at 21c.

[nztx]

Wow - LRS up 30.3 % today (+ 5.0 cps)

[JBmurc]

Wow - LRS up 30.3 % today (+ 5.0 cps)

Yes I think going of visuals we will see great results from hole 3-4 ....

And now we have secured neighbouring permit that looks likely to hold extensions of High grade Lithium .... LRS does have potential to hold one of the highest if not the highest grade Lithium discovery ever>> IMHO thats pretty insane if we can prove up large 2-3% Li grades ..

I wouldn't be surprised to see 80c SP(Billion Cap) later this year if the drill bit brings in the right results..


HIGHLIGHTS
• Latin Resources has secured an additional 50-hectare lithium tenement, to the east of its
existing position, in the highly prospective Bananal Valley district in eastern Brazil.

• The Monte Alto tenement area has known outcropping spodumene bearing pegmatites,
grading up to 2.30% Li2O from recent surface sampling by Latin’s geology team.

• Recent drilling on Latin’s existing tenure has confirmed the high-tenor lithium grades of the
spodumene pegmatites in this region, with a peak grade of 3.22% Li2O in early drilling.

• Latin will immediately relocate one of the two drilling rigs on site to the new Monte Alto
tenement area to commence an initial 2,000m reconnaissance drilling program.

• Latin’s lithium ground position has now expanded to over 5,350 hectares, with multiple drill
targets defined within the prospective ‘lithium corridor’.

[Sous87]

LRS with another strong announcement, see latest under announcements:
https://themarketherald.com.au/asx-lrs/

I’m free carrying this now but wish I’d gone harder at it to begin with !!!

[JBmurc]

LRS with another strong announcement, see latest under announcements:
https://themarketherald.com.au/asx-lrs/

I’m free carrying this now but wish I’d gone harder at it to begin with !!!

yes I can't wait for the next couple with the larger intercepts ... also sounds like LRS getting more rigs to site ... 6 months from now could well look back and wonder why we did BUY more LOL>>>

[JBmurc]

LRS Trading Halt ....sound like major 30mill Capital raising @ 16c ...

The term sheet sent to potential investors said Latin Resources had already secured a cornerstone investor. Canadian fund manager Waratah Capital Advisors would take up $15 million of the placement, via its subsidiary Electrification and Decarbonization AIE LP.

Latin Resources has lithium prospects in Brazil, kaolin-halloysite in Western Australia and a copper project in Peru.

The offer was priced at 16¢ a share, a 13.5 per cent discount to the last traded price and 16.8 per cent discount to the five-day volume weighted average price. It included one-for-two free attaching option with a 22¢ strike price and five-year expiry.

Euroz Hartleys and PAC Partners were the joint lead managers. Jett Capital Advisors was the co-manager and lead arranger in North America.

Bids were due 3pm Tuesday.

The company had a $305 million market capitalisation before the raise. Its shares have nearly double this month after it posted drilling results for its Salinas lithium project in Brazil.

[troyvdh]

Sorry JB...how many companies share prices continue that trajectory.

[JBmurc]

Sorry JB...how many companies share prices continue that trajectory.

Not many I remember watching CHN having a pullback after going up from teens to well over a $1 SP.... you see it so very often with a spec Resources company Booms upwards ... depending on how good of discovery they make and ongoing results ..will be key to the next stage ...will LRS trend sideways to down ... or after such a large raise will the exploration kick up to the next levels to uncover a resource to drive LRS into the Billion+ Lithium club>>

[percy]

https://click.mail.proactiveinvestors.com/?qs=8d7fa98080be4c5b2d4b0561c568981dcad511c7db10c8 9c230886c24b03e42c836649248fa3992124c1e676c9c0d57a b61bcadbed90bb56

[JBmurc]

https://thewest.com.au/business/public-companies/latin-kicks-off-resource-definition-at-brazilian-lithium-play-c-6858248

With a favourable roll of targets to chase down and the possibility of a significant new lithium discovery, Latin’s battery metal hunt in Brazil might have just stepped up a gear.

[troyvdh]

Im a bit slow....Ive checked Yahoo...LRS was 6 bucks...10 years ago ?

[JBmurc]

Im a bit slow....Ive checked Yahoo...LRS was 6 bucks...10 years ago ?

Yeah much less shares back in those days .. like many explorers .. high risk reward and not the best long term holds ..

[nztx]

1:25 consolidation on 1 Sep 2019 too

[JBmurc]

https://www.bloomberg.com/news/articles/2022-05-23/how-hot-is-lithium-now-a-chinese-mine-auction-draws-3-448-bids

One Mine Auction Draws 3,448 Bids Amid Scramble For Lithium

[troyvdh]

Sad about the shareprice.

[JBmurc]

Sad about the shareprice.

Tell me about it ... I should have dumped least half my opts 18c+ instead of farting around converting them which took 2 weeks till I go the heads which by that time were down into the high teens ... hindsight ....I did after much waiting for a turn around dump a third of my holding 10c so least got a free carry

Hoping 2H22 will see LRS gain back some of the lost ground and even pass old highs ... all about results and the market warming back up to Lithium and the whole resources space ... as Macro wise Lithium hasn't dropped in price ..demand outlook still outstrips supply for many years to come ..all just FEAR driven + TAX losses being claimed ..I expect a turnaround late JUNE ..but could well fall further in the short term

[nztx]

I'm out until the Market appears to be more capable of seeing Monsters ..

[Sous87]

Market just hammering everything. Out of the 10 or 12 stocks I follow NWE only one holding some sort of flame to the howling winds but I’m down below break even on that one still too.

IXR, MAY, VR8, LRS … doesn’t matter what your pulling out the ground right now or how impressive the find, the sentiment is in the toilet for prospect stocks.
Luckily the right picks will bounce back one day, just requires holding tight I think.

[nztx]

Market just hammering everything. Out of the 10 or 12 stocks I follow NWE only one holding some sort of flame to the howling winds but I’m down below break even on that one still too.

IXR, MAY, VR8, LRS … doesn’t matter what your pulling out the ground right now or how impressive the find, the sentiment is in the toilet for prospect stocks.
Luckily the right picks will bounce back one day, just requires holding tight I think.


Yes .. that appears to be the case .. RBA not helping things & possibly nervousness with new Govt in too

Good buying coming up if things continue to sag .. just picking the bottom & turn point will be the issue

Have good past buffers, but current holdings are in a net unrealised red even with Woodside in the mix

[JBmurc]

Yeah I wish I exited early April taking of least 50% of my high flyers .funny how greed can make you hold for set targets when you already up massively ...


Yes sous87 I don't see much point Selling at present levels bumping along on lower levels......LRS has a Great cash backing now with muti project upside

[nztx]

https://stockhead.com.au/news/rba-takes-the-bigger-stick-to-households-beats-around-head-and-body-says-enjoy-more-to-come/


RBA takes the bigger stick to households, beats around head and body, says: ‘Enjoy, more to come’

[JBmurc]

LRS>MAR-QTY>MT-03 COPPER PROJECT, PERU
The environmental licence for drill permit was approved by Peru Mines department in March.
The final approval for drill permit is expected in May.

PERU copper drilling would be a great extra project to boost LRS market interest...

Latest LME Inventories update: Copper -20,200t , biggest tonnage decline in 20 years

Copper prices tipped to go ‘ballistic’ as EV revolution causes supplies to run out

Experts are sounding the alarm about an “extreme” shortage on the horizon that could send prices skyrocketing for scores of essential products.
https://www.news.com.au/finance/business/mining/copper-prices-tipped-to-go-ballistic-as-ev-revolution-causes-supplies-to-run-out/news-story/a96b3f0f2f55453cab9f03dcf286af4c?amp

[troyvdh]

The main point is I believe sadly that again it has been displayed ... how the SM is kinda like a casino.Yes LRS would probably qualify as a penny stock.Perhaps I am stating the obvious and that there are few certainties in life...But LRS does appear to have some potential.I suppose it would be prudent to keep an eye on the major shareholders ........cheers,

[troyvdh]

WOW...I suppose you cannot argue with the mkt.

[JBmurc]

I do wonder when LRS will find a bottom .. some of the highest grade hits of Lithium 3% going around ... strike at 1km length... 35mill in cash backing ..

those TAX loss sellers are running for the door but might well be kicking themselves JUL onwards ...the macro factors aren't changing for Lithium every year going forward we have increasing demands ...even if all projects under development reach production on time their still will be a shortfall ...

Just Like the Energy sector during the COVID madness sell-off to NEG levels the reality comes back twice as strong ...

[percy]

https://click.mail.proactiveinvestors.com/?qs=341d10c5bb6208d729664ecfe784052430da2cf3fc50bf 84bfd5653e2ca4646f864d839eaa25434eccfa2b00a43ba2b8 f550752a57899428

[JBmurc]

https://catalysthunter.com/company/lrs/

[percy]

https://click.mail.proactiveinvestors.com/?qs=e2c017a90e16f84957984d027cfe6f0e8f57221ae3fb5e 21c2cbbdd86cde8c98902d23e749475cd13b9ef96b0451acc5 b35bda3af4f87127
https://sendy.tarawera.co.nz/l/J6oLVth2f3f6IXNYvUBQEg/ZzJrYfkUMYznLxtxUlAvUQ/UwrxZNnTr7Q0KxOqGhPfcQ

[JBmurc]

‘Looking at opportunities everywhere’: Rio Tinto on the hunt for more lithium assets



Kaufman said forecasts for electric cars to make up 50 per cent of light vehicles on the road by 2030 meant that world’s lithium consumption would surge from 350,000 tonnes of today to 3 million tonnes. Meanwhile, even if all new lithium mines being planned across the globe proceeded, they would only bring total supplies to 1 million tonnes, she said.

https://www.smh.com.au/business/companies/looking-at-opportunities-everywhere-rio-tinto-on-the-hunt-for-more-lithium-assets-20220715-p5b1yf.html

[JBmurc]

LRS going for a run today ....positive ann to come ??

[JBmurc]

UP 17.4% so far today in first 90mins of trade!!!! on nil update ?

[JBmurc]

Make that 25%

[troyvdh]

Well done JB....you maintained the faith.

[JBmurc]

Well done JB....you maintained the faith.

Yes I took small profit again today selling 10% of the holding ... LRS has so many great projects ...hoping we get an update this week and we can see this present momentum continue to new 21c+ levels ...I got far to greedy last time and did sell much at all at the 20c levels ..

[JBmurc]

https://www.ft.com/content/7ca99f9f-3b67-489a-a83c-477b6b12764e




Carmakers face a battle for the rest of the decade to secure the lithium needed to help power the electric vehicle revolution, as demand threatens to overwhelm supply, one of the biggest producers of the metal has warned.

Lithium’s use in electric car batteries has put the raw material at the heart of a global competition that has pitted the world’s largest carmakers against each other and drawn in governments as they all race to increase and safeguard supply.

[JBmurc]

10.5c BIDs nice to see ... we certainly have the momentum just need the fuel and LRS will hit new highs north of 20c+

[troyvdh]

On good volume to.

[JBmurc]

Looks like Colina now extends 500m west !!!! so we could be looking at 1km to 1km ... and they have more targets to the west so we could see the Lithium discovery to be even larger>>great news as LRS permit has more room to the west but is limited to the east

https://twitter.com/asxsv/status/1559314239495741440/photo/1

13.5c open .... could have loaded up only couple months ago for 6c-7c ... wish I added more

[Aotea]

Not to mention what may have been in any deeper drill holes.
It sure looks like additional lens' sit deeper along dip under these recent drillholes.

[troyvdh]

If it sounds to be good to be true..........sorry guys.

[JBmurc]

If it sounds to be good to be true..........sorry guys.

BUY more and HOLD tight IMHO ... LRS only warming up ... go look at their neighbours "Sigma Lithium" A$3Bill ... LRS could well have the same tonnages with more explorations to date it's looking impressive .. even just half the size got to be worth much more than cap >>> then you have CLOUD9 ? Peru Copper ,Aus Gold Projects,SLM S/H, largest hard rock spodumene landholding in Argentina, totalling over 70,000 hectares....

The Catamarca Project contains numerous swarms of spodumene pegmatites that have not been fully explored.

form recent ann>>

Latin has held preliminary discussions with several international car and battery manufacturers as well
as leading lithium trading houses with respect to future supply of its lithium product. Latin has now
taken the approach to fast track the feasibility studies to then hopefully secure offtake agreements
with suitable customers.

[JBmurc]

POSITIVE TEST WORK CONFIRMS 78.72% RECOVERY
WITH HIGH-GRADE 6.57% Li2O CONCENTRATE
FROM SALINAS LITHIUM PROJECT
HIGHLIGHTS
• Extremely positive first pass sighter metallurgical test work results on the Colina lithium
pegmatite sample:
○ high recovery of 78.72% of Li2O; and
○ production of an extremely high-grade Li2O concentrate (up to 6.57%) from simple
Heavy Liquid Separation (HLS).
• The uncomplicated liberation and high recovery rate of the Colina spodumene, at a
relatively coarse crush has potential to drive tremendous positive outcomes for project
economics, as a result of potentially eliminating the need for a complex and costly floatation
processing to achieve a very high-quality concentrate.
• The very high Li2O recovery rates from simple HLS, may have significant implication for both
the initial project capital requirements, and ongoing operational processing costs.
• Selection and collection of a larger +500kg sample to be completed, with test work to be
undertaken at SGS Lakefield Canada as part of the PEA study.

[JBmurc]

Latin Resources’ Executive Director, Chris Gale, commented:
“These are extremely promising first pass results from our sighter metallurgical test work program.
We are seeing lithium recovery rates and concentrate grades from simple HLS processing that are well
above industry standards. This points to strong potential for production of a premium Li product and
therefore premium pricing for our product.
“While it is still early days, and more test work needs to be completed, the apparent ease of liberation
of our spodumene producing such a high lithium concentrate may have significant positive implications
for our Salinas Project. This may well mean we will not require the more complex and costly floatation
processing to achieve a very high-quality concentrate.
“We will be undertaking additional sighter test work in the coming weeks to further explore the optimal
crush size, and additional HLS cut points in order to optimise the larger test work flowsheet for the
planned detailed PEA program that is planned to be completed by SGS in the first quarter next year”.

[JBmurc]

https://twitter.com/LatinRes/status/1564070425553801216?s=20&t=bMltWGCz2UhL0Qo-dQmkUg

[JBmurc]

Latin Resources’ rapidly advancing battery metal operations in Brazil has prompted the explorer to beef up its boardroom expertise with the appointment of industry veteran and lithium specialist Peter Oliver as Non-Executive Director.

Oliver was previously Chief Executive Officer and Managing Director of Talison Lithium – the company behind the revered Greenbushes mine in WA –the world’s largest hard-rock lithium project.


https://thewest.com.au/business/public-companies/new-director-brings-lithium-expertise-to-latin-resources--c-8438123

[troyvdh]

Dear JB...settle down slow breaths.

[Aotea]

no doubt JBM will be doing backflips again today...nice pick JB and your insight has pulled a few of us into LRS I'm sure.
cheers

[percy]

https://stockhead.cmail19.com/t/d-l-zliiyn-yupddjlly-v/

[JBmurc]

no doubt JBM will be doing backflips again today...nice pick JB and your insight has pulled a few of us into LRS I'm sure.
cheers

And its still early days I've been bullish LRS since 2c days always had a feeling it will be something special ... went past 20c briefly ...should have sold and took a A$550k profit ....but here I am still think best days lay ahead .. with Peter Oliver joining the LRS crew and great results to the west where LRS permit grows .. future is looking bright ..could 10x bag from here

[troyvdh]

Ive just looked at the Lithium price chart...looks positive... However LRS NMT are languishing albiet on very low volumns.....I suppose thats the sharemarket eh.

[JBmurc]

Ive just looked at the Lithium price chart...looks positive... However LRS NMT are languishing albiet on very low volumns.....I suppose thats the sharemarket eh.

Waiting on more drill results ..markets doom-gloom .... IMHO when LRS goes it going going to move fast ...but we really need the markets to stabilise

[percy]

https://stockhead.cmail19.com/t/d-l-znhke-yupddjlly-jl/

[JBmurc]

LRS surging today up 17% ....about time JORC resource est out soon

[cymonger]

Love this share. Great prospects, great trading movement and great leadership in place for the future. Of course there will be inevitable global events that shift perception a little here and there, but actually those just make the share even more tradeable. Love where this is going.

[JBmurc]

Love this share. Great prospects, great trading movement and great leadership in place for the future. Of course there will be inevitable global events that shift perception a little here and there, but actually those just make the share even more tradeable. Love where this is going.

20c short term 40c+ longer IMHO

[JBmurc]

from HC poster -Scarpa... one of the most knowledgeable mineral investors I follow(most likely works in sector GEO,Met etc) ..so stoked he's liking LRS MET results announced today....

In terms of the METs here for LRS I have read, all I will say they are probably close to the best METs I have seen for in effect a DMS only process for spodumene in all the METs I have previously looked at in ASX announcements. These are good results and if reflective of the whole deposit, especially as resource is increased to facilitate feasibility studies, then there is a whole lot to like here.


Also we have RIO sniffing around LRS Brazilian prime Lithium permits ...trying to secure large land holdings few Kms away

[Scrunch]

from HC poster -Scarpa... one of the most knowledgeable mineral investors I follow(most likely works in sector GEO,Met etc) ..so stoked he's liking LRS MET results announced today....

In terms of the METs here for LRS I have read, all I will say they are probably close to the best METs I have seen for in effect a DMS only process for spodumene in all the METs I have previously looked at in ASX announcements. These are good results and if reflective of the whole deposit, especially as resource is increased to facilitate feasibility studies, then there is a whole lot to like here.


Also we have RIO sniffing around LRS Brazilian prime Lithium permits ...trying to secure large land holdings few Kms away

I'd like to be wrong because it would also improve the economics of other projects I hold, but I think these mid-80% recoveries relate only to the material put through HLS processes replicating what a commercial DMS will do. They therefore exclude the non-recovery or lower recovery (with floatation) from Fines. If DMS only, there's no fines recoveries and the overall recovery drops down to low-mid 70%'s which again has a strong similarity to Core.

I've seen the same thing happen with ADV/GT1 which initially had reported these mid-80%'s recoveries for a commercial grade of Spod (circa 6%). Along comes the scoping study and it uses 75% while noting the previous MET results. My presumed explanation is that as DMS only there's no fines recovery and hence dropping whole of ore recovery rates.

That said, Latin's results are good and they confirm DMS only is viable (less capex). Like others at similar stages of investigation (A11, GT1, GL1, RDT, ESS), it may be that a back-end floatation circuit is added so that there is also a recovery stream from fines and this pushes up the overall recovery rate to nearer 80% (or perhaps just over that), although doing this requires confidence Spod prices will remain higher. If that isn't done, there may be a DSO fines revenue stream.

[JBmurc]

I'd like to be wrong because it would also improve the economics of other projects I hold, but I think these mid-80% recoveries relate only to the material put through HLS processes replicating what a commercial DMS will do. They therefore exclude the non-recovery or lower recovery (with floatation) from Fines. If DMS only, there's no fines recoveries and the overall recovery drops down to low-mid 70%'s which again has a strong similarity to Core.

I've seen the same thing happen with ADV/GT1 which initially had reported these mid-80%'s recoveries for a commercial grade of Spod (circa 6%). Along comes the scoping study and it uses 75% while noting the previous MET results. My presumed explanation is that as DMS only there's no fines recovery and hence dropping whole of ore recovery rates.

That said, Latin's results are good and they confirm DMS only is viable (less capex). Like others at similar stages of investigation (A11, GT1, GL1, RDT, ESS), it may be that a back-end floatation circuit is added so that there is also a recovery stream from fines and this pushes up the overall recovery rate to nearer 80% (or perhaps just over that), although doing this requires confidence Spod prices will remain higher. If that isn't done, there may be a DSO fines revenue stream.

Yes I like the fact Sigma is leading the way just up the road from LRS Brazilian project .... Sigma Lithium Corporation has very low est. production costs

https://seekingalpha.com/article/4560498-sigma-lithium-corporation-has-gained-200-percent-ytd-but-remains-undervalued

https://www.ft.com/content/82d4c6af-b426-4c92-b7dd-05845cdd1382

[cymonger]

Something big brewing with this trading halt today. I can't think of a better Christmas gift to give yourself than this. Got in just a few weeks ago as .12 and already up significantly. The threads on HC are going wild with anticipation and luckily there are also a number of people well-versed in the science supporting the potential here.

[JBmurc]

Something big brewing with this trading halt today. I can't think of a better Christmas gift to give yourself than this. Got in just a few weeks ago as .12 and already up significantly. The threads on HC are going wild with anticipation and luckily there are also a number of people well-versed in the science supporting the potential here.

Yeah bring on the ann .. will be huge if we see 15Mt 1.5% Li etc ....

[troyvdh]

...if it sounds to good to be true...just saying...cheers.
Sorry...it's not my first rodeo...

[JBmurc]

...if it sounds to good to be true...just saying...cheers.
Sorry...it's not my first rodeo...

we will find out soon enough

[cymonger]

we will find out soon enough

Looks very solid to me. This is why you invest in companies like this based on scientific research (as opposed to "rodeo" attendance.)

[JBmurc]

LARGE JORC EXPLORATION TARGET RANGE FOR COLINA CONFIRMED
HIGHLIGHTS
• Maiden independent JORC Indicated and Inferred Mineral Resource Estimate (“MRE”) for
the Colina Lithium Deposit of 13.3Mt @ 1.2% Li2O reported above a cut-off of 0.5% Li2O
(2.08Mt Indicated and 11.17Mt Inferred).
• Significant upside growth potential identified at Colina, with SGS confirming an independent
estimated JORC Exploration Target Range ("ETR”).
• Recent drilling at the Colina West prospect, 500m to the west of Colina has confirmed the
continuity of the thick high-grade spodumene pegmatites intersected in drill hole SADD033,
with a further three holes intersecting the newly identified pegmatite swarm, assay results
pending.
• Aggressive 65,000m drilling campaign planned for 2023 with the addition of four more
drilling rigs for a total of eight on site, this is designed to fast track rapid resource growth at
the Colina and Colina West Deposit and underpin a rapid move towards potential future
development.
• Preliminary Economic Assessment (PEA) is well under way to allow fast tracking of DFS in
2023.

[percy]

A Bell Potter 2023 pick:

Latin Resources Ltd (LRS)
We expect material value accretion
as LRS adds to the Salinas MRE
and ultimately defines its path to
development. Our LRS valuation is
based on modelling a notional project
development at Salinas, heavily risked
for its early stage of assessment. We
expect the company to aggressively
pursue the required feasibility studies
and environmental permitting to
de-risk Salinas with further potential
upside from step-out and regional
exploration over the short term.
Buy (Speculative), Valuation au $0.22

[JBmurc]

I'd be more than happy to see 22c for LRS next year ....

[nztx]

I'm looking just over the fence .. next door

it looks pretty good :)

I like neighbours like LRS and some of the big boys

[JBmurc]

I'm looking just over the fence .. next door

it looks pretty good :)

I like neighbours like LRS and some of the big boys

Yes RIO hoovering up neighbouring permits ...

from interview with RIO mgmt>>
"Ms Kaufman said Rio anticipated enormous demand for lithium this decade and beyond and a big supply shortage even if every lithium project in the pipeline made it into production."

[JBmurc]

BELL POTTER BUY 22c target valuation

https://www.latinresources.com.au/wp-content/uploads/LRS-08122022-2.pdf

[nztx]

BELL POTTER BUY 22c target valuation

https://www.latinresources.com.au/wp-content/uploads/LRS-08122022-2.pdf


Something interesting is sitting next door / not far away from LRS's deposits JB ? :)

The handbrake comes off tomorrow, and it's dirt cheap right now ..

[JBmurc]

Something interesting is sitting next door / not far away from LRS's deposits JB ? :)

The handbrake comes off tomorrow, and it's dirt cheap right now ..

right which deposit >>

[nztx]

right which deposit >>

From a HC posting:


The Salinas II tenements (from Mars) are the orange-brown ones that feature on both maps. Now there is one very thin Salinas ii tenement, at the very right-hand side (East) of the map, that is closer to 100kms away but that is one single outlier. The two Salinas II closest to LRS are easily within 5kms. The next four Salinas II tenements are slightly further east are probably closer to 15-40kms.

[JBmurc]

Latin Resources’ Geology Manager, Tony Greenaway, commented:
“These latest results from our 2022 drilling campaign are exceptional. We have intersected over 67
cumulative meters of highly mineralised pegmatites in drill hole SADD055, which was collared
approximately 200m to the south of the Colina West discovery hole SADD033.
“The Colina West area is shaping up to be a critical new discovery for the Company. The thick high‐
grade mineralisation we have encountered here is on par with, or arguably better that the main Colina
deposit. The potential scale of the Colina West discovery, highlighted by these latest results, means
that this area is a major focus for our current 2023 drilling campaign. We believe, that with more
drilling, Colina West has the potential to deliver significant tonnes to the overall resource base for the
Project.”

[JBmurc]

Yes ... but then I was always very confident in LRS future since first hitting high grade Lithium down the road from Sigma >>IMHO low target 40Mt upside just in this present main Lithium project 60-70Mt Li 1.2% etc ..... now what would that be world ...$A1 -$2 Billion cap ?Sigma’s total mineral resource sits at ~85.6mt with lithium grades of ~1.43% across multiple discoveries.https://catalysthunter.com/mining/lrs/lrs-now-drilling-west-its-lithium-jorc-resource/LRS maiden JORC resource was for 13.3mt with a lithium grade of 1.2% and an exploration target of 22mt at Colina. These numbers do not include the Colina West area and the assay results released today. LRS now has eight diamond drill rigs on site, for a planned 65,000m, yes that’s 65km of diamond drilling.

[troyvdh]

The story just gets better.,.I suppose actual production/fruition of potential remains in doubt ..obviously ....Has this company the where for all/nouse to full fill its promises.JB...have you considered going over there and checking out these fellas.

[JBmurc]

The story just gets better.,.I suppose actual production/fruition of potential remains in doubt ..obviously ....Has this company the where for all/nouse to full fill its promises.JB...have you considered going over there and checking out these fellas.

Now that would be a great company paid trip ... first LRS need to surge to 50c+ ...then I can go first class ...

As to timelines the goal is to follow 4Bill SIGMA path to production down the road ...think it's 2026-7 production for LRS if all goes to plan

https://www.investi.com.au/api/announcements/lrs/a95f788d-acd.pdf

[clip]

Now that would be a great company paid trip ... first LRS need to surge to 50c+ ...then I can go first class ...

As to timelines the goal is to follow 4Bill SIGMA path to production down the road ...think it's 2026-7 production for LRS if all goes to plan

https://www.investi.com.au/api/announcements/lrs/a95f788d-acd.pdf


Thoughts on rough SP price range if all goes according to plan?

[troyvdh]

Im guessing $5.70 to $6.0.
Dividends will not be fully imputed but the yield could range from 2 to 7 percent.

[JBmurc]

Im guessing $57 to $60.
Dividends will not be fully imputed but the yield could range from 2 to 7 percent.

Troy that would be a Massive cap... at present LRS @ 13c is $286mill ... I could see the same path as $4Billion Sigma I certainly think 1Bill + in the short to mid term 1-2yrs so around a $1- as we will see some dilution on the aggressive exploration ... once in production and if around the same resource as Sigma 80Mt etc then of course higher values but then more dilution as Major CAPEX for Plant & infrastructure -Licenses / permits .. also what Lithium Price does ... my HIGH ball dream land around $5-$6 later this decade on much larger 120Mt + Li resource .. high production profit margins ... of course at present SP the Divi Yield would be insanely good late 2020's ..prob 100% pa etc

[JBmurc]

LRS southern neighbour to ship first Lithium ......LRS goal to replicate SIGMA move from explorer to producer ...

https://replicate.globo.com/google/amp/business/news/2023/02/12/sigma-to-ship-brazils-first-lithium-cargo-to-china-in-april.ghtml

Sigma Lithium’s average annual net revenue is projected at $2.4 billion over the 13-year lifespan of the project as it is today. EBITDA will be $2.14 billion. The EBITDA margin will be the envy of many companies — 89%.

[JBmurc]

LRS getting some attention today on the neighbours ...having TESLA banging on the door >> we see this develop watch the market attention on the likes of LRS go mental ... could well surge to new highs 20c+ if LRS can also continue to show the Lithium resource growth through the soon to be 10x drill rigs onsite

https://www.reuters.com/technology/tesla-considering-bid-sigma-lithium-bloomberg-news-2023-02-17/

[Sous87]

Yes I particularly like the fact this takeover news is going on while we are getting stuck into drilling. Going to add a bit of extra attention with every result LRS announce

[nztx]

All sorts of interesting scenarios going on out there with Lithium turf wars looming :)

[JBmurc]

I do like the analyst 24c target on LRS for this year .. also my target to sell a few >>

[troyvdh]

JB....LRS appear to make many positive announcements yet....Like do they need to announce a fully imputed dividend of 10 cents.....cheers.

[JBmurc]

JB....LRS appear to make many positive announcements yet....Like do they need to announce a fully imputed dividend of 10 cents.....cheers.

Not much love thats for sure Lithium price down 58% YOY hasn't helped ...Lithium resource update coming JUNE ,,, PFS on the Colina project ... I did a couple posts on HC ... showing why I'm pretty excited still with LRS this year ...IMHO I still think good chance RIO makes a move on LRS if the JORC Li resource gets large enough ... they have been buying land nearby to LRS massive Brazilian tenements ... when Neighbouring Major new Li miner SIGMA had Tesla interested in T/O ... RIO was also one of the suitors ...but commented its asking price was looking to expensive $5.5Bill++

[JBmurc]

Well now we know why the SP has been held down in the low teens for so long insto out 11c+ to get in 10.5c ... has prob been in the works for sometime ..LRS mgmt know big picture you need big $$$$ to get the project to the next levels of valuations and interest

Not cheap developing a MAJOR Mining project..

I'm sure the A$50mill will get soaked up pretty quick in>>>> in PFS/DFS , met studies ,in-fill drilling ,tech reports, regs for mining PEA..

would holders be more happy if the raise was done with the cash balance was sub A$10mill in few months time?

I agree selling off or least IPO , JVP off other projects makes sense ...

I've seen much worse CR of late ..go checkout some of the micro caps that do it all the time 40% discounted raises with free opts ..

Lithium price has dropped by 58% YoY ..... commercial lending rates have smashed higher at a rate of knots ... we see LRS get 30mill @ 10.5c thats pretty good >>>>

[clip]

Happy with 10.5c as the raise price, i've been buying at that levels on market anyway so it's nice to see no substantial discount

[Sous87]

Yes I added to LRS a week or so ago at 10-10.5 and really don’t see them hanging around this price range for long, personally think double later on in the year.

[JBmurc]

Happy with 10.5c as the raise price, i've been buying at that levels on market anyway so it's nice to see no substantial discount

Yes I'm pretty happy to see 50mill in the bank with all the funding issues many are going see going forward ..

[JBmurc]

LATIN RESOURCES RECEIVES FIRM COMMITMENTS FOR A A$37.1
MILLION PLACEMENT TO ACCELERATE RESOURCE GROWTH AND
FAST TRACK DEVELOPMENT APPROVALS
HIGHLIGHTS
• Latin has received firm commitments to raise A$37.1 million through an institutional two-tranche
placement priced at A$0.105 per share.
• Placement funds will primarily be used to accelerate exploration activity and development
approvals at the Company’s flagship 100% owned Salinas Lithium Project in Brazil.
• The Placement was well supported by a number of specialist, North American battery metals
funds; Integra Lithium, the Company’s largest shareholder and two Brazilian institutional funds.
• Upon settlement of the Placement, Latin will have a cash balance of approximately A$57 million
(before costs).
Latin Resources Limited (ASX: LRS) (“Latin” or the “Company”) is pleased to announce that it has received
firm commitments to raise A$37.1 million through a two-tranche placement of new fully paid ordinary shares
(“New Shares”) to institutional, sophisticated and professional investors (“Placement”). Latin is particularly
pleased to welcome several new funds to the register, including specialist North American battery metals
funds, a well-regarded domestic institution and two major Brazilian funds. Latin’s largest shareholder, Integra
Lithium, also participated in the Placement. The Brazilian funds that have taken a shareholding in Latin
Resources are BTG Pactual, Brazil’s largest investment bank and JPG one of Brazil’s largest asset and wealth
management institutions.
The Placement provides the Company with a significant capital injection to expand and accelerate its
exploration program at the Salinas Lithium Project in Brazil, in addition to funding the Definitive Feasibility
Study (“DFS”); fast-tracking environmental studies; securing development license approvals; and further
exploration work on recently acquired tenure to the north of the Colina Deposit.
Latin’s Managing Director, Chris Gale, commented:
“We are delighted to announce the completion of the Placement which has enabled us to introduce a number
of high quality, North American, Brazilian and domestic institutions to the Company’s register. The Placement
providessignificant validation of Latin’s portfolio of assets and the Company’s ongoing resource expansion drill
program, feasibility studies and development approvals for Salinas.

[freebee]

The market seems to like this with the SP slightly up at present with buyers sitting above the placement of 10.5c. - in my experience you don't often you see that straight after a cap raise. A very good placement with minor disruption , very hard for us shareholders not to be happy - well done LRS management!
Of course some dilution but it sounds like they and their investors are pretty confident of success so raise the $$ and get into it the sooner the better!

[JBmurc]

https://thewest.com.au/business/public-companies/latin-swells-coffers-with-strategic-371-placement-c-10394791

[cymonger]

Many thanks JB!! About 40 percent up on this since you first mentioned it. Today was a monster day!!!

[JBmurc]

Many thanks JB!! About 40 percent up on this since you first mentioned it. Today was a monster day!!!

Yeah and so much more to come .HOLD tight 20c+ on positive updates near term ... so much M&A in the Lithium space .. RIO right next door .. who know where we will end up this time next year could be 50c or $1+

[Azza]

Indeed JB great tip to look at this one!!

[JBmurc]

Indeed JB great tip to look at this one!!

Yes also keep an eye on MAY / ITM / WMG / BSE over the next few weeks ..

[JBmurc]

wasn't going too ... but did sell a small 150,000 LRS today 17.5c .... been such a stunning run this 1H23.... will sit back on the free carry million shares ... who knows in year ahead they could be worth a million $AUD

[troyvdh]

Thanks JB for your disclosure and honesty...HOW refreshing.

[JBmurc]

Thanks JB for your disclosure and honesty...HOW refreshing.

yeah thats my bag .. too blooming honest LOL.. why i just sold a small business for much less than I paid(was feed too many lies, was straight up with buyer) ...think I'll stick to investing in companies Vs running them.. don't get all these guys esp on the likes of Hotcopper talking up utter BS hoping it will profit them .. fact is these forum are really just a place to rant .... and ever so often you might pick up a trade or different way to look at a company ..thats brilliant but even with my 208 followers on HC I don't think I have any sway in what guys buy or sell .. DYOR

[cymonger]

yeah thats my bag .. too blooming honest LOL.. why i just sold a small business for much less than I paid(was feed too many lies, was straight up with buyer) ...think I'll stick to investing in companies Vs running them.. don't get all these guys esp on the likes of Hotcopper talking up utter BS hoping it will profit them .. fact is these forum are really just a place to rant .... and ever so often you might pick up a trade or different way to look at a company ..thats brilliant but even with my 208 followers on HC I don't think I have any sway in what guys buy or sell .. DYOR


What a banger today!!! What is the main catalyst in your opinion?

[JBmurc]

What a banger today!!! What is the main catalyst in your opinion?

LRS Mgmt has been out presenting LRS story so much lately I personally think it’s more new holders buying outweighing holders wanting to take profits been some solid volume of late .. I can’t wait till we actually see some positive updates which I’m hearing will be in JUNE … could well see us to the mid 20s and depending on resource upgrades maybe even past 30c during 2H23

[denpal]

Still holding, after converting all my OC's. Shaping up nicely, we've come a long way since the kaolin days!

[JBmurc]

Still holding, after converting all my OC's. Shaping up nicely, we've come a long way since the kaolin days!

Yes if we truely are going be SIGMA 2.0 ... then I don't mind holding another few years .. and maybe $1+ SP in time...

Been following + Trading LRS since day one ... when it was spin off from CFE assets SEPT 2010 .. 20c

[clip]

Thanks JB and also people who put it in their asx 2023 competition for putting it on my radar too, few buys this year at a range of prices, 55% up today. Lovely. Looking forward to the upcoming MRE upgrade, all signs pointing to a goodie

[JBmurc]

"Colina Lithium Deposit Resource Upgrade Imminent."...

This month ...just how much bigger ... 30Mt? 50Mt ? looking forward to more re-rating from the ann ... should finally blow past 20c ...

Also talk around of SLM CR = $6m@55c half to LRS and a bulk to management ... LRS of course the largest S/H in SLM .. we could well see SLM take the same re-rate road as LRS and command 100's millions cap in time

[APH1]

Does anyone have any thoughts on what the upgrade will be?
I'm thinking 48.5mt at 1.3% But surely north of 40mt, would hope to see a market cap rerate to 700-750 following upgrade.
If followed up with a good PEA eg no floatation low capex open pit mine plan in August, we should be around the 1B mc area.
Providing macro conditions continue to improve, Spod price is increasing.

[JBmurc]

Does anyone have any thoughts on what the upgrade will be?
I'm thinking 48.5mt at 1.3% But surely north of 40mt, would hope to see a market cap rerate to 700-750 following upgrade.
If followed up with a good PEA eg no floatation low capex open pit mine plan in August, we should be around the 1B mc area.
Providing macro conditions continue to improve, Spod price is increasing.

I won't complain with those number but think if thats the case I will be complaining about the realised profits I'll be taxed on if we see 1Bill cap I'll prob sell least half my holding .. sitting on 316% gains at present on av price paid

[APH1]

Nice one, I'm sitting one 1,200,000 shares average price 5.3c providing the pea comes in good I will hold at least 1 mill through to production.
This one has the potential to go all the way

[APH1]

I won't complain with those number but think if thats the case I will be complaining about the realised profits I'll be taxed on if we see 1Bill cap I'll prob sell least half my holding .. sitting on 316% gains at present on av price paid

So do you think 1b mc is feasible opon a good upgrade and positive PEA
With a clear path to production in 2026 I would think it is possible, also around the 30c mark we should be looked at for inclusion in the ASX 300

[Daytr]

Nice one, I'm sitting one 1,200,000 shares average price 5.3c providing the pea comes in good I will hold at least 1 mill through to production.
This one has the potential to go all the way

Nice one. That was a fairly big play in what was a penny dreadful. But well played sir!

[APH1]

Thanks Daytr, I built a position in LRS over time, multiple months not all in one go and as confidence grew I sold off some losers and increased my position here since early 2021 firstly for the halloysite would you believe when the sp rose to .10c
LRS has come such a long way since then though and with the likes of Peter Oliver and Mitch Thomas joining the management team + the growing resource the future is looking good.

[JBmurc]

Nice one, I'm sitting one 1,200,000 shares average price 5.3c providing the pea comes in good I will hold at least 1 mill through to production.
This one has the potential to go all the way

Great work I'm down to only 1mill now I did have 3.6mill at one point but those fat profit were far to tempting so have traded down to my lowest holding in years .. still I'll keep this mill till least the SP gets to much higher levels where I could be tempted to sell a few more maybe 30c++

I might buy a few more if the likes of MAY hooks second gear and gets to much higher levels ... I try to keep my portfolio balanced and not to centric to one company like LRS would have been had I keeped the 3.6mill

[APH1]

Thats still a lot of shares, with what is in the pipeline over the coming months I think there will be a lot more wanting in on LRS when they see the upgrade and more importantly the PEA.
Interesting development with Solis yesterday though. An explorer spending capital raised funds on another explorer, we will look silly if the drills don't hit. however, if they do find anything on the Jaguar tenement it will be a stroke of genius by CG and co. The Jaguar tenement has a mining license so it could be developed very quickly.

[JBmurc]

Thats still a lot of shares, with what is in the pipeline over the coming months I think there will be a lot more wanting in on LRS when they see the upgrade and more importantly the PEA.
Interesting development with Solis yesterday though. An explorer spending capital raised funds on another explorer, we will look silly if the drills don't hit. however, if they do find anything on the Jaguar tenement it will be a stroke of genius by CG and co. The Jaguar tenement has a mining license so it could be developed very quickly.

yes one has to trust in LRS investment .. they have a great team in Brazil if they think SLM has secured a great Lithium Project why not invest and sell in the future when its worth 10x the value etc

[steveb]

Well here we go trading halt pending a JORC update.Given the recent doubling of the SP.I have to presume the market has factored in 40-45 MT.So probably no fireworks unless they hit the magical 50 MT

[JBmurc]

Well here we go trading halt pending a JORC update.Given the recent doubling of the SP.I have to presume the market has factored in 40-45 MT.So probably no fireworks unless they hit the magical 50 MT

yeah not sure what the market presently think is middle ground target to match present Cap ... I was hoping 20-30Mt and for every 5Mt more be worth a good few cents to the cap ... 50Mt 30c++

[APH1]

Yeah I don't think anything over 40mt is priced in, could be wrong. I'm think 48.5mt @1.3% on rough calcs. Doubt we get over 50 that would be nice though.
It's a shame we spent the day in a trading halt with everything going up such a green day across the board.

[APH1]

Also Pac partners increase their target a couple of days ago to 0.29c based on 43mt

[JBmurc]

Also Pac partners increase their target a couple of days ago to 0.29c based on 43mt

29c would be great in the short term>>

[clip]

45MT @ 1.34%, lovely

[Azza]

45MT @ 1.34%, lovely
What a nice surprise for the morning!!

[JBmurc]

What a nice surprise for the morning!!

Yes just need to see the running out of the dumb sellers .. most likely traders thinking they would sell on any news for a pip or two and hope to see retracement to load up again for the next trade ... I'm holding strong as there has been much M&A interest in the sector esp. as the lithium price has doubled off its APL23 lows ..

I still think LRS Brazilian neighbour RIO will come knocking via scrip offer 50-60% higher than VWAP now LRS has proved they have prob the largest single Lithium deposit in Brazil .... SIGMA 2.0 .... personally I think the Colina project could well finish up over 60Mt 1.4%Li thats twice the size of SIGMAs largest single discovery

[JBmurc]

Listening to live LRS webinar at present ... Chris Gale ..."we see upside alongside SiGMA to see Brazil move to #3 battery grade Lithium producer in the world so thats LRS just replicating SIGMA that has pa cashflows in the muti-BILLIONs
...

"we are in meetings with 4x US Car manufactures next week and following week couple major battery manufactures"....


__________________________________________________ _



I see no reason why LRS can't follow SIGMA towards $A6Bill cap ... (1Bill capex ... so around 5-6Bill ...say 10x present value within 3-4yrs)

[APH1]

Great result, haven't had a chance to fully read the announcement but the initial numbers look good, I wasn't too far off at 48.5mt @1.3% we just need the sp to catch up now

[JBmurc]

Yes and they still got 8x drill rigs running south expanding this latest resource update ... so more to come......and more targets on their massive land holding in Brazil

[APH1]

I think I owe you a beer JB, What a beautiful day for LRS holders. Cheers Team.

[Sous87]

I will buy the second round! Qtown only a medium but enjoyable drive from Chch. Thanks JB for selflessly sharing your own research over the months/years.

[JBmurc]

No worries guys just keep holding tight if we don’t get T/O within next year I think we will see LRS continue to trend higher around 80c with next 12-24m $2+ on production ramp up 25/26 with 100Mt+ 1.4% Li resource base

[clip]

I'd be more than happy to see 22c for LRS next year ....

Well done JB, made it already - glad for putting it on my radar, been buying all year and still buying, thanks for putting this on my radar! I too owe you a beer

[steveb]

Well its now a double bagger for me, time to freehold my holding.( I held Podium for too long lesson learnt)I think Mr Market is now factoring in the possible growth of the Colina resource towards the SW.
Exciting times indeed!

[JBmurc]

27c hit on the cboe exchange .... 29c not far away ... I do wonder if it will have a breather around that point , or will we have positive update from the meetings with the 4x Car makers + batteries factory all USA .. I know Chris Gale MD doesn't want to sign anything up ..but surely just a MOU could be done TESLA ? FORD GM ?? would push us well over 30c one would think ...maybe even get close to 40c aka 1Billion cap ....

To think MAR2020 you could have loaded up with LRS for .2c ... at present SP thats 13,150% gain

[Sous87]

I last bought a bit a couple months back at 10.3c. We were trading around that price range for so many weeks. Thought I’d be happy just to see it get back past 14.5c!
Seems like a distant memory now.
Hope certain other stocks cough*May*cough can do the same.

[JBmurc]

I last bought a bit a couple months back at 10.3c. We were trading around that price range for so many weeks. Thought I’d be happy just to see it get back past 14.5c!
Seems like a distant memory now.
Hope certain other stocks cough*May*cough can do the same.

Yes today I added another stock SLM (LRS holds 17.75%) could well follow in LRS footsteps in Brazil ... same head GEO .. LRS MD on the board ..will be using many of the same companies contacts LRS has built up in country ... think well worth a small punt at 70mill cap ... they get a good stiff of HIGH grade Lithium should well repeat LRS huge spike higher 150mill-200mill cap overnight etc ....should have purchased weeks ago right after securing project...

MAY MELBANA yes my second largest holding...been waiting for an age to see some flowrates 2P reserves. if they can drop the right anns will follow LRS towards 30c ...

WMG my other zero to hero stock ..that could well move to largest holding if they indeed have the next MAJOR NIckel discovery in WA ,,

[JBmurc]

>>>>

Bell Potter Securities has increased its valuation of Latin Resources Limited to $0.37/sh from the previous valuation of $0.23/sh in December..... today nice

[freebee]

Almost 4 bags here and now 25% of my portfolio. Sold half at 20c April last year then bought more on the fallback. LRS now 25 % of my holding - thankyou LRS ! Holding tight now now as plenty of upside here. These ASX miners give so many opportunities!

[APH1]

Opportunities to retire 😁

[steveb]

I remember buying LRS early 21 when all the rage was about the Kaolin and the quality etc.JB was on about the possibility of just stuffing a few containers full and shipping them off to china.
Well I for one are pleased they concentrated on S America.This is what JB had to say a little over 2 yrs ago:-

......I'm 90% confident my LRS investment will make me a Million within the next 24months...

Well you have to be close so well done mate

[JBmurc]

I remember buying LRS early 21 when all the rage was about the Kaolin and the quality etc.JB was on about the possibility of just stuffing a few containers full and shipping them off to china.
Well I for one are pleased they concentrated on S America.This is what JB had to say a little over 2 yrs ago:-

......I'm 90% confident my LRS investment will make me a Million within the next 24months...

Well you have to be close so well done mate

If I only I didn’t sell any LRS- converted all my opts would be sitting on mill profit about now .. but have sold most over the last couple years … still holding a good few just need LRS to head towards $1 to break $1mill holding value .. which going off sigmas path is looking good

[steveb]

I have not sold any yet,but I did promise my daughter (who is moving to aus early next month) if it reaches $1.00 I would buy them a house.I just hope house prices on the Gold Coast are not as bad as auckland!!

[steveb]

So the salinas keep on giving.Latest test results show the field continues on to the South West for another 26k.Assays not done yet,but we have to be confident that they are similar.100mtonne here we come.

[cymonger]

JB for president of the financial universe. This thing has just been exploding lately and has been a true financial godsend. If this stock is not on your radar, it should be. Tons of room to grow from here that seems almost inevitable given the rate of discovery that is occuring.

[JBmurc]

JB for president of the financial universe. This thing has just been exploding lately and has been a true financial godsend. If this stock is not on your radar, it should be. Tons of room to grow from here that seems almost ineveitable given the rate of discovery that is occuring.

LOL ... my upside dream $2 SP might well become a reality

And if that was the case would mean LRS from MAR20 lows would have increase some 100,000%

Like my title from many years ago ... Monster in the making ...

[Watchful]

Kicked the door down on 500% increase for me today.. and followed through with a breach of 600% by close. 4.2c average

Not a big holding for most people, but big enough to put a smile on my face for sure!

Thanks JB for putting this one on the radar, back in Sep 2021 for me.

[APH1]

Well done holders, this one is a life changing "Monster in the making"

[troyvdh]

....Be aware..."irrational exuberance"....been there done that.

[JBmurc]

....Be aware..."irrational exuberance"....been there done that.

Thats why one should take profits on the way up ... get your money back and some let the rest run

[JBmurc]

Its really just hard to fathom just how big this Brazilian Lithium resource could be after todays ann.. just how many 100Mt's of Li ... when you look at the map of the corridor of hits

[freebee]

Another great LRS day yesterday- if you bought early in the morn when it sat at 25c you could have realised 20% profit in a day! All eyes will be on this 'monster' now

[JBmurc]

Another great LRS day yesterday- if you bought early in the morn when it sat at 25c you could have realised 20% profit in a day! All eyes will be on this 'monster' now

and another 13.7% rise today ...Or if you purchased more MARCH last year 100% more than what you paid

[RupertBear]

Another grateful holder, thank you JBmurc for all your helpful posts :)

[clearasmud]

Another grateful holder, thank you JBmurc for all your helpful posts :)

I thought I would give you guys a heads up on DYM.
It listed at 20c this year ,its currently at 29.5c.
I'm thinking it may do what ALY did after it listed (another spin off of JRL) and go to 1.00.
DYM may have a nickel deposit at Lake Percy.
In any case the punters are keen.
Management is straight up.
DYOR

[JBmurc]

Thinking LRS might well take a breather in the high 30's ... been one hell of a ride from the low teens only two months ago 11c .....took another 100k off the table 34.5c now down to 800k next trade sell target 45-50c ?? ...seems insane while great spec explorers and development potential PGM plays are a fraction of just LRS daily Value rise .... if SLM would slip a few more cents might just add there ...as its could well be LRS 2.0 10,000%+ return(If you purchased at recent lows etc)

[JBmurc]

I thought I would give you guys a heads up on DYM.
It listed at 20c this year ,its currently at 29.5c.
I'm thinking it may do what ALY did after it listed (another spin off of JRL) and go to 1.00.
DYM may have a nickel deposit at Lake Percy.
In any case the punters are keen.
Management is straight up.
DYOR

Yeah I love a good cheap explorer ...CM .... sounds like DYM results coming late JULY ... thinking SLM with results early JULY could be a good stepping stone trade on capital I have for swing trading ... WMG -MAY another couple that could well double in price next month... is what I need to really get the Fy into gear

[APH1]

Yes I agree, its been great but a bit frothy at the moment, the rise has been to fast, I also sold 100k shares at 0.325 May re-enter if it settles down a bit but for now very pleased either way.

[Daytr]

Well done everyone, I was tempted when it was trading 21c but thinking it had run hard already but jeepers! Market cap is up there now though for an explorer.

Anyhoo have any of you taken a look at CST? Peter Cook's Castile Resources. Has a near term project with an NPV of $675M and plenty of upside with ongoing exploration. Market cap around A$20M.
Capex not too bad and knowing Cooky they will use a debt structure not to dilute the shareholders too much

I have a small holding, may look to add to it in the next month, otherwise I'll just sit tight.

[APH1]

Hadn't looked into them before now but just took a quick look at their latest presentation and they do appear to be undervalued. How they fund capex will be the key, they mention govt debt funding. Hopefully not too much dilution.

[Daytr]

Hadn't looked into them before now but just took a quick look at their latest presentation and they do appear to be undervalued. How they fund capex will be the key, they mention govt debt funding. Hopefully not too much dilution.

The government funding that CST has received I think you are referring to is from the NT Territory Government for exploration. So effectively a grant.
Although Cooky is Chair not MD he will no doubt have a significant say in how it's funded and he has a record of using debt and has long & strong relationships with banks.

[JBmurc]

Latin Resources Target Price Raised 80% to A$0.45/Share by Canaccord Genuity

[Watchful]

SP chomping upwards again. May shake my head at myself in future, but sold 1/8th of my holding @39c to de-risk, my first disposal of LRS shares.

Now free-carried and then a little.. ready to see what the future holds for LRS.

[JBmurc]

SP chomping upwards again. May shake my head at myself in future, but sold 1/8th of my holding @39c to de-risk, my first disposal of LRS shares.

Now free-carried and then a little.. ready to see what the future holds for LRS.

Been selling a few of my Holding last few weeks still got a good chunk of value but my lowest amount of shares for years ..keep finding other shares to invest in ...LRS could well still double from here within next 12months ....but I've got other holdings that could well 5x - 10x

[JBmurc]

and thats 40c getting hit >>> not much further and I'll have my first 20x bagger with LRS

[cymonger]

These are amazing days JB. I’m laughing at the guy who warned us against “irrational” exuberance the other day. Personally very close to a 7 figure return here (in large part thanks to you.)

Not “irrational” exuberance.

Just exuberance!!!!

[JBmurc]

These are amazing days JB. I’m laughing at the guy who warned us against “irrational” exuberance the other day. Personally very close to a 7 figure return here (in large part thanks to you.)

Not “irrational” exuberance.

Just exuberance!!!!

Yes 41c woweeeeeee SP surging on nothing ... well nothing we know off.. the SP retreated yesterday on their major holding in SLM getting slammed ..and today SLM went down in the end .. but LRS is just got endless BUYERS ... hindsight shouldn't have sold any LRS this year

[Daytr]

Yes 41c woweeeeeee SP surging on nothing ... well nothing we know off.. the SP retreated yesterday on their major holding in SLM getting slammed ..and today SLM went down in the end .. but LRS is just got endless BUYERS ... hindsight shouldn't have sold any LRS this year

Market cap now over A$1Bln!
Congrats to all holders.

[percy]

Market cap now over A$1Bln!
Congrats to all holders.

Wonderful watching and reading this thread.
Great all you shareholders are enjoying your ride.

[APH1]

Well done team!! Great to see this one reach the 1 Billion MC mark. This has been an incredible ride, with each announcement the risk is reduced, looking forward to the PEA in august and further de-risking, everything I have read says the PEA numbers will be very attractive. Follow up with offtake announcement and inclusion into the ASX300 The 2nd half of this year will hopefully be as enjoyable as the 1st half. I read somewhere that Liontown went from 1B-2B mc over a 3-month period.

[denpal]

Yes the buying is relentless and why wouldn't it be? This is still undervalued looking at the Sigma template and the length of our strike.

Thanks to JB here for the initial heads-up, that was a while ago so I guess the way the lithium discovery has since developed has let us grow way beyond white clay!! Have sold 5% of my holdings recently to pay some architect's fees so still have almost all of them.

[JBmurc]

42c close very impressive close to the week ... I ended up selling the last of my LRS shares ... just too many companies I've been following and holding that have been oversold ... LRS has had a cracking good run over the later few months ... over Billion cap $$$

My trading focus has always been sub Billion cap mostly micro-caps sub 300mill .. so time to bag me the next LRS ... or least MAY etc ...

LRS has all the potential to move much higher but I personally think the gains won't be in the same league as they have been last few months ... 20-50% gain from here next 12-24months etc ... where I think the likes of say MAY could move 100-200% within the next couple months...if not weeks

much of my LRS funds have spread out across many different plays - GOLD - O&G - COAL - Cu/Au ... mostly producers with some development projects ... sort of de-risking a touch from pure Explorer towards development LRS is heading

[nomis]

42c close very impressive close to the week ... I ended up selling the last of my LRS shares ... just too many companies I've been following and holding that have been oversold ... LRS has had a cracking good run over the later few months ... over Billion cap $$$

My trading focus has always been sub Billion cap mostly micro-caps sub 300mill .. so time to bag me the next LRS ... or least MAY etc ...

LRS has all the potential to move much higher but I personally think the gains won't be in the same league as they have been last few months ... 20-50% gain from here next 12-24months etc ... where I think the likes of say MAY could move 100-200% within the next couple months...if not weeks

much of my LRS funds have spread out across many different plays - GOLD - O&G - COAL - Cu/Au ... mostly producers with some development projects ... sort of de-risking a touch from pure Explorer towards development LRS is heading

Well done JB, no one can ever say your foolish for taking a profit!

[clip]

42c close very impressive close to the week ... I ended up selling the last of my LRS shares ... just too many companies I've been following and holding that have been oversold ... LRS has had a cracking good run over the later few months ... over Billion cap $$$

My trading focus has always been sub Billion cap mostly micro-caps sub 300mill .. so time to bag me the next LRS ... or least MAY etc ...

LRS has all the potential to move much higher but I personally think the gains won't be in the same league as they have been last few months ... 20-50% gain from here next 12-24months etc ... where I think the likes of say MAY could move 100-200% within the next couple months...if not weeks

much of my LRS funds have spread out across many different plays - GOLD - O&G - COAL - Cu/Au ... mostly producers with some development projects ... sort of de-risking a touch from pure Explorer towards development LRS is heading

Well done JB, hope you turn it into many more bags. I see my first buy this year was 10.8c so very close to 4 bags on that, thank you!

[APH1]

Well done mate and thank you again for all your input here over the last few years, it has been a great run, good to lock in profits. All the best finding the next LRS, hopefully you already have found it with MAY. I MAY catch you over there if I can find some more $$
Cheers

[JBmurc]

Well done JB, no one can ever say your foolish for taking a profit!

Yeah I've been sitting on quite a large profit for some time .. was going be realised at some point .. esp after I heard the comment from a Lithium experts that he believes the Brines could ramp up and force Li prices further downwards(where they have a cost advantage etc) ..looking over the likes of ASN at present

[APH1]

Interesting comment JB as I always thought that brine was more expensive to produce, will look into this further when time permits. What LRS has over a lot of other Li explorers is the clear pathway to production, i.e. Sigma's blueprint if you will. The environmental permitting with brine projects will be the hold up I think as opposed to hard rock spodumene. We have the Minas Gerais government on side with a signed Mou and they have mentioned fast tracking this project, if we can get to production 2026 prices should still be good due to delays in more of the tricky projects in Canada and Africa etc. I think pricing will hold. We will still be making money at $1500 a tonne, not long to wait now to see the numbers anyway.

[nomis]

Interesting comment JB as I always thought that brine was more expensive to produce, will look into this further when time permits. What LRS has over a lot of other Li explorers is the clear pathway to production, i.e. Sigma's blueprint if you will. The environmental permitting with brine projects will be the hold up I think as opposed to hard rock spodumene. We have the Minas Gerais government on side with a signed Mou and they have mentioned fast tracking this project, if we can get to production 2026 prices should still be good due to delays in more of the tricky projects in Canada and Africa etc. I think pricing will hold. We will still be making money at $1500 a tonne, not long to wait now to see the numbers anyway.

Agree with the cost/tone when it comes to Brine projects, Unless they mean to ramp up existing developers. I haven't done the research myself, for the mean time my hands are tied into hard rock deposit that will remain nameless ;) still looking where I can re-deploy capital.

[APH1]

Yeah there seems to be a lot of stocks to throw a few bucks at currently in the lithium space, personally I'm to time poor currently to research new companies, took a big risk with LRS a couple of years ago, and so far buy and hold has worked for me. I see LRS heavily de risked now with 45 million tone at 1.34% next step PEA , still a long way to but for now I'm happy to wait it out. If all we achieve is half of Sigma that's still a very good result say 3 Billon mc say 0.96c over the next couple of years. Pretty confident they will find another 50mt over the next 12-18 months though and double those numbers.

[JBmurc]

Agree with the cost/tone when it comes to Brine projects, Unless they mean to ramp up existing developers. I haven't done the research myself, for the mean time my hands are tied into hard rock deposit that will remain nameless ;) still looking where I can re-deploy capital.

yeah I've been playing around doing some swing trades ... BCB I should have sold the lot today near open maybe tomorrow or next ... would have bagged $2k for the week trade..

thrown more into RXM largest undeveloped ready to progress to production -- Copper/Gold .. confident they will get a major JVP before the years out ...worth less than a decent Copper explorer ,, but 6-8yrs ahead of them ... Copper crunch coming I see 50-100% upside

I also need to do more research on the brines

[JBmurc]

Some good reading on the Lithium space

https://cdn.nextinvestors.com/documents/Lithium_Stocks_Ebook_2023_-_Next_Investors_2.pdf

[denpal]

JB that TYX looks interesting. In Angola which is better than a lot of other places in Africa. Will do my DD on it, thanks for the report!

[nomis]

JB that TYX looks interesting. In Angola which is better than a lot of other places in Africa. Will do my DD on it, thanks for the report!

also watching Tyrana, need to do some research on Angola first

[JBmurc]

also watching Tyrana, need to do some research on Angola first

Yes I've gone with ARV for my next speccy lithium player that also has some other nice projects 700koz gold etc ... and I'm still holding NAE that has some great lithium prospects....


Still might end up back in LRS if some of my other plays get a good kick on and LRS stays or heads lower mid 30's looks pretty good at present

[mike2020]

Have you had a look at GMN? I took a small position early this week.

[JBmurc]

Have you had a look at GMN? I took a small position early this week.

No haven't looked to close ..I know they want to explore for lithium in Brazil which is a major positive ...

[JBmurc]

https://x.com/LatinRes/status/1724291328140308889?s=20

Once again LRS S/H sold my last shares high 30's in today 22.5c too cheap!!!

[JBmurc]

Why I more than tripled my first purchase of LRS shares today... since I last held early AUG 39c all moving in the right direction fundamentally LRS only getting better ... market FEAR though has been driving the SP south ,,so IMHO the sale price has only be getting better so GREEDY I am ..whats happen since I've been away ..

PEA->>>- CAPEX A$390mill first stage 80mill second ...I was expecting it could have been higher Vs Cashflows it will produce
..I was impressed ..holding base metal companies hoping to source $1-2Billion CAPEX for production with much longer paybacks certainly not 7 months..and not using the very conservative spot prices LRS used .... so for me the PEA massive positive ..


Recent Cap raise -$35mill insto placement pretty much no far off SP ... no free in the money options not a HUGE discount to previous days SP I've sadly seen in some of my holdings of late....

-Exploration>>>> Fog’s Block located ~12km to the south-west of the existing Colina Deposit (on trend the high grade Li just keeps going!!)
MCDD002: 13.06m @ 1.34% Li2O from 210.94m Including: 6.06m @ 1.61% Li2O from 210.94

- 11x DRILL RIGS not stop expanding the resource ..

>>FUNDED to keep them spinning all next year ..

Disc... buying more 21.5c

[FTG]

Chart doesn't look good though JBmurc?

Has just broken down further - through key support and, worryingly, the 200-Day EMA.
Air pocket right here, with next support sitting at 20 cents, but much more meaningful support not until circa 15 cents.

[JBmurc]

The Chart doesn't look good though JBmurc?

Has just broken down further - through key support and, worryingly, the 200-Day EMA.
Air pocket right here, with next support sitting at 20 cents, but much more meaningful support not until circa 15 cents.

Yes, pure T/A wise one wouldn't be loading up in LRS at present .. but fundamentally paying 21.5c or 15c if it got that low might not be such a concern when LRS is trading over $1 in a couple of years.

the FEAR in the market does funny things to S/Hs .. but much like CHN, MAY ... LRS has a Tier-1 project .... these projects generally always see production as they have the size and grade one needs to attract the CAPEX .. the PEA numbers show the profitability...

PEA used just 10% of the present Li resource ...that IMHO will at least double towards 90-100Mt by later next year

IRR = 123% !!

Using a much lower Li CIF5.5 price in the PEA number of U$1,699t ...LRS will have FCF over A$600mill pa ... present price U$3,000t (was hitting $6,000t+ 2022)

we could see very FAT dividends for many decades once the CAPEX loan paid off ...

And PEA is only the earliest conservative numbers.. DFS will likely see a much longer LOM and higher production pa... so $1billion FCF is certainly in the mix IMHO esp if LRS secures offtake agreement at a higher than used Li price ..

I thinking 20c+ pa dividends 2028 onwards