Hi it’s Chris Gale from Latin Resources.
I’m really pleased to announce the company published its maiden JORC resource at our Colina Lithium Deposit in Salinas Brazil.
13.3 million tonnes at 1.2% Li2O we deliver that JORC resource in a little over ten months, with 10,000 metres of drilling 47 holes, which is a great effort from our team in Brazil.
What is also very exciting is our independent resource consultant SGS have confirmed exploration target range of 13.5 to 22 million tonnes at 1.2 to 1.5% Li2O.
This gives the company further resource growth moving forward with more drilling at Colina.
Furthermore, our Colina West Project is showing significant upside with four drill holes showing continuity at thick high grade spodumene pegmatites.
We have exciting plans for 2023.
We’re adding another four rigs in January to drill a total of 65,000 metres at Colina West, Colina South, Salinas South to aggressively grow our resource by the middle of next
year. In line with our aggressive drill program, we’re moving through our feasibility studies.
We hope to have our PEA completed by June next year.
Then into our DFS to be completed by December to move into development phase.
I would like to thank you, our shareholders and investors, for supporting us to this great milestone but we’re going to bring further great news to you over 2023.
Thank you very much.