Announcement Date: 2022-11-29
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Latin Resources Ltd.
Project name: Noombenberry
Location: Australia
Commodities: Kaolinite
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce the completion of the Company’s Mineral Resource update for the 100%‐owned Cloud Nine Halloysite‐Kaolin Deposit (“Cloud Nine”) in Western Australia. The Mineral Resource has been estimated and classified by a Competent Person and is reported here in accordance with the JORC Code (2012). PROJECT SUMMARY The Cloud Nine deposit islocated on the Company’s 100%‐owned exploration licence E77/2622, which is situated ~350 km to the east of Perth and to the southeast of the town of Merredin (Figure 1 and 3). The Company controls a commanding regional tenement package (Noombenberry Project), covering over 560 km2 (Figure 2) of what the Company believes is the most prospective ground in the region to identify repetitions of the high‐grade Cloud Nine deposit. The updated Mineral Resource for the Cloud Nine Deposit includes an in situ Indicated Mineral Resource of 70 Mt kaolinised granite at an average Brightness (“ISO‐B”) grade of 81 (Table 1). In addition to the Indicated Mineral Resource is an in situ Inferred Mineral Resource of 210 Mt kaolinised granite at an average ISO‐B grade of 79, for a total global in situ Indicated and Inferred Mineral Resource of 280 Mt
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