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Latin Resources ace lithium test

5 December 2022 10:31
ASX: LRS
LRS Lithium Drill

Latin Resources continue to prove up the economics of the Salinas Project, with results from ongoing test work on a completed drill core showing an exceptional average lithium recovery rate exceeding 80 per cent.

Latin has been able to double the crush size to 12.5 mm while keeping the recovery rate and grades high, achieving concentrations at grades of up to 7.96 per cent Li2O and retaining low iron content.

Testwork was done on ten samples taken from across the Colina prospect’s total strike length, with results from heavy liquid separation setting a very high average grade of 6.30 per cent, showing consistency across the width and depth of the known ore body.

Perched in the Minas Gerais region of Brazil known for lithium prospectivity, Salinas is close to a JORC estimate, and the company said high grades and recoverability combined with a low iron grade were very promising for the marketability of its concentrates.

“We are very pleased to report very high recoveries and the production of a high-grade concentrate from simple HLS, and while these results cannot be directly translated to an operational environment, they do have very significant implications for the marketability and the economics of our concentrate,” general manager of geology Tony Greenaway said.

“We intend to progress this into bulk pilot plant test work, where we will optimise the flowsheet for the planned detailed PEA program that is planned to be completed by SGS in the first quarter next year.”

LRS’s Australian Stock Exchange-listed share price has risen 1.72 per cent today, currently selling at 14.7c (9:17 am UTC+ 8 hours).

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