Latin Resources Limited (AU:LRS) has released an update.
Latin Resources Limited has announced a substantial upgrade to their Colina Lithium Deposit Mineral Resource Estimate (MRE), now boasting 70.9Mt at 1.25% Li2O, marking it as one of the largest undeveloped lithium deposits globally. The updated MRE showcases a significant increase in the measured and indicated (M&I) categories, which now constitutes 95% of the deposit and is expected to greatly enhance the upcoming Definitive Feasibility Study (DFS) and the project’s economics. With continuous diamond drilling and exploration, the company is optimistic about further expanding its resource base, particularly at the Planalto Prospect near the proposed Colina Processing infrastructure.
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