Latin Resources / LRS (ASX)

So, und wenn zu Suvo Strat Minerals Einen Thread eröffnet, dann(Re "Kaolin") möchte zu Latin Resources auch noch Einen beginnen.

Ich halte Ein paar Stücken an Dem DIng, SPEKULATIV bis jetzt, unmittelbar nach Erst Resource Bekanntgabe geholt.
Verfolge Diese Firma aber schon sehr Viel länger.

Die Firma/Aktie hat in Manchen Foren, inkl WO teils wahrscheinlich Einen Verbrannten Namen,
weil Voraktivitäten letztlich zu Nichts Greifbarem(Die sind aber auch "noch nicht Alle zu Ende geführt", "Ausgang teils noch offen") geführt haben.

Kaolin, Initial Resource/Erst Resource Bekanntgabe,
gerade von vor Ein paar Tagen, das ist Ein ziemlich, ziemlich Grosses Ding, relativ zu Diesem Rohstoff:
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02379779-6A1034915?access_token=83ff96335c2d45a094df02a206a39ff4

Einfach gesehen: THATs what's about.

Das Ding zu entwickeln.

Zitat von Popeye82

So, und wenn zu Suvo Strat Minerals Einen Thread eröffnet, dann(Re "Kaolin") möchte zu Latin Resources auch noch Einen beginnen.

Ich halte Ein paar Stücken an Dem DIng, SPEKULATIV bis jetzt, unmittelbar nach Erst Resource Bekanntgabe geholt.
Verfolge Diese Firma aber schon sehr Viel länger.

Die Firma/Aktie hat in Manchen Foren, inkl WO teils wahrscheinlich Einen Verbrannten Namen,
weil Voraktivitäten letztlich zu Nichts Greifbarem(Die sind aber auch "noch nicht Alle zu Ende geführt", "Ausgang teils noch offen") geführt haben.

Kaolin, Initial Resource/Erst Resource Bekanntgabe,
gerade von vor Ein paar Tagen, das ist Ein ziemlich, ziemlich Grosses Ding, relativ zu Diesem Rohstoff:
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02379779-6A1034915?access_token=83ff96335c2d45a094df02a206a39ff4

Einfach gesehen: THATs what's about.

Das Ding zu entwickeln.

Alles anzeigen

http://themarketherald.com.au/latin-resources-asxlrs-shares-up-on-cloud-nine-potential-2021-05-31/
"
Latin Resources (ASX:LRS) shares up on Cloud Nine potential
Materials

ASX:LRS MCAP $73.90M

[Blockierte Grafik: https://secure.gravatar.com/avatar/dae4df7ee6c7cdc783c8fe1f0e5430c9?s=80&d=mm&r=g]

Lisa Simcock Markets Reporter lisa.simcock@themarketherald.com.au 31 May 2021 10:20 (AEST)

https://www.facebook.com/share…ine-potential-2021-05-31/ https://twitter.com/share?&tex…ine-potential-2021-05-31/
https://www.linkedin.com/share…ine-potential-2021-05-31/
[email=?subject=Latin%20Resources%20(ASX%3ALRS)%20shares%20up%20on%20Cloud%20Nine%20potential&body=Latin%20Resources%20(ASX%3ALRS)%20shares%20up%20on%20Cloud%20Nine%20potential%20https://themarketherald.com.au/latin-resources-asxlrs-shares-up-on-cloud-nine-potential-2021-05-31/] [/email]
[Blockierte Grafik: https://themarketherald.com.au/wp-content/uploads/2020/10/4877-16340-LRS-1280x720-800x430-1280x720-800x430.jpg] Managing Director, Chris Gale Source: Latin Resources [Blockierte Grafik: https://themarketherald.com.au/wp-content/themes/spotlight/images/logo-small-white.svg]Be the first with the news that moves the market

• Daily digest
• Weekly summary

• Latin Resources (LRS) is expecting an inferred mineral resource of 207 million tonnes of kaolinised granite for its Noombenberry Project in WA
• Within only 18 months, the company defined this maiden resource at its first kaolin-halloysite deposit, Cloud Nine, at Noombenberry
• Cloud Nine has the potential to become the single-largest undeveloped kaolin-halloysite deposit in Australia, with substantial potential for growth
• Latin will now commence technical studies to feed into a pre-feasibility study, along with its next round of drilling to commence in July
• On the market this morning, Latin is up 8.45 per cent and is trading at 7.7 cents per share

Latin Resources (LRS) is expecting an inferred mineral resource of 207 million tonnes of kaolinised granite for its Noombenberry Project in WA.

Within only 18 months, the company defined this maiden resource at its first kaolin-halloysite deposit defined within Noombenberry and was named Cloud Nine Deposit.

Cloud Nine has the potential to become the single-largest undeveloped kaolin-halloysite deposit in Australia, with substantial potential for growth.

The mineral resource includes two separate domains; 123 million tonnes of bright white kaolin-bearing material and 84 million tonnes of kaolin/halloysite bearing material.

"We are thrilled to have identified this globally significant kaolin-halloysite resource within only 18 months since acquiring the Noombenberry Project," Exploration Manager Tony Greenaway said.

"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," he added.

Cloud Nine is located near the town of Merredin and is close to a major road and rain infrastructure. The deposit has the potential for shallow open-pit mine.


Latin will now commence technical studies to feed into a pre-feasibility study, along with its next round of drilling to commence in July.

At the end of March, the company had $4 million cash in hand with no debt, showing it is well placed for exploring the project.

"We will now look to fast track the deposit through to development as quickly as possible to take advantage of the buoyant mineral prices," Executive Director Chris Gale said.

On the market this morning, Latin is up 8.45 per cent and is trading at 7.7 cents per share at 10:40 am AEST."

Zitat von Popeye82

Der Artikel beschäftigt sich ein bisschen damit Wie und Wo Latin Resources Noombenberry Projekt im Vergleich zu WA KAolin, OAR Resources, Suvo Strat Minerals, Andromeda Metals, "und Ähnlichen" steht,
mit Betonung Der POSITIVEN Aspekte, was "für" Dieses Projekt spricht.

Ich will jetzt gar nicht sagen ob Die Aktie Ein Kauf, oder Nicht Kauf ist,
soll Jeder Selber entscheiden,
was ich aber ganz klar, etwas diplomatisch, sagen würde ist dass Latin Res EIn Resource Developer ist,
Der in Meinen Augen "absolut lohnenswert ist MINDESTENS Die Weitere Entwicklung mitzuverfolgen".
Von Der Reinen Grösse(nordnung), Dimension, her ist Die Resource m.E. auf Jeden Fall schon "globally Significant".

http://finfeed.com/small-caps/mining/latin-resources-cloud-nine-following-impressive-resource-estimate/
"
Latin Resources on cloud nine following impressive resource estimate
5 minute read
By Trevor Hoey.Published at May 31, 2021, in Mining
[Blockierte Grafik: https://cdn.finfeed.com/images/Halloysite.2e16d0ba.fill-510x286.png]
In a development that could lead to a significant share price rerating based on peer comparisons, Latin Resources Limited (ASX:LRS) has finalised the Maiden Inferred Mineral Resource for the 100% owned Noombenberry Halloysite-Kaolin Project where the company has named its first deposit the Cloud Nine Deposit.

A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75.

As indicated below, the Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin.
[Blockierte Grafik: https://cdn.finfeed.com/images/39b_-_LRS.width-800.png]
The global Inferred Mineral Resource of 207 million tonnes of kaolinised granite comprises two separate domains as indicated below.
[Blockierte Grafik: https://cdn.finfeed.com/images/39_-_LRS.width-800.png]
The Kaolin Domain granite Resource contains a total of 73 million tonnes of bright white (+75 ISO-B) Kaolin product with an ISO-B of 79 in the -45 μm size fraction, or 29 million tonnes of ultra-bright white (+80 ISO-B) kaolin product with an ISO-B of 82.

Both of these are considered high quality product specifications, potentially suitable for a wide range of industrial applications.

The global resource also contains a relatively contiguous halloysite domain within the kaolinised granite estimated at 50 million tonnes at an average grade 6% halloysite using a 1% halloysite cut-off, or 35 million tonnes at an average grade of 6% halloysite using a +75 ISO-B cut-off it equates to 27 million tonnes at an average grade of 8% halloysite using a +5% halloysite cut-off.
[Blockierte Grafik: https://cdn.finfeed.com/images/39a_-_LRS.width-800.png]
Shallow economical resource assists in quick resource estimate

Within only 18 months of identifying the opportunity for halloysite, Latin Resources has been able to rapidly define this maiden MRE because of the very shallow nature of the resources (average of less than 4 metres from the surface.

Importantly, exploration has demonstrated that the resource has substantial potential to grow, being open in all directions.

Latin Resources has an extensive tenement package (560 square kilometres – strike length of over 105 kilometres) with additional high grade halloysite, and ultra-bright kaolin occurrences already identified less than 10 kilometres away along strike, effectively providing drill-ready targets for at least two additional occurrences.

Management intends to expedite the next round of drilling to elevate some of the Resources to the Indicated or Measured classification for the purposes of a PFS, which can all be funded with existing cash of more than $4 million at end of March 2021.
Get our newsletter with an exclusive article straight to your inboxI consent to my email opens and clicks being tracked

Peer comparisons indicate that LRS is significantly undervalued

While quality halloysite deposits are less than abundant in Australia, Cloud Nine compares well with its peers where the material often needs to be accessed at greater depths and is spread across broader deposits.
One of the most notable points of comparison in this regard is Andromeda Metals (ASX: ADN) which has a market capitalisation of about $475 million, representing a significant premium to Latin Resources, capped at approximately $95 million.

There is little variation between the sizes of the group’s resources, but the Noombenberry Project offers a combination of benefits that in the main have the potential to lead to cheaper production.

It is worth noting that Andromeda has between 7 metres and 62 metres of overlying hard silcrete caprock, compared with Noombenberry’s unconsolidated soil cover of less than 4 metres.

Consequently, LRS would appear to offer lower mining costs with a lower strip ratio as ADN has significant overburden to remove before the ore can be accessed, ordinarily translating to higher mining costs.
On the other hand, LRS can employ simple, fast, low cost exploration due to minimal cover, while also not having outcrop and thick hard caprock cove, making drilling more costly and time-consuming as the only exploration method.


The high-grade Noombenberry Kaolin-Halloysite Project benefits from being located adjacent to existing road, rail, port, power and water infrastructure.

The project’s proximity to a mining service centre in Kalgoorlie also compares well with the ADN project location, as it is remote and distal from existing infrastructure.

Investors in Latin Resources should be buoyed by today’s news as it may trigger a bridging of the valuation gap between it and Andromeda Metals.

Addressing the issue of valuation, executive director Chris Gale said, ‘’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."

Benefits of easily accessible resource will be evidenced in PFS

There appears to a reasonable degree of confidence regarding the potential for resource expansion beyond the current parameters as the deposit is open in all directions with areas to the north looking particularly promising.
Resource numbers have been smoothed due to the large block size used (limited by the current drill spacing) and Inferred classification.

Additional drilling and closer spaced drill density will increase confidence/JORC classification and allow LRS to report more selectively bringing out the high grade zones.

Management will immediately commence technical studies to feed into a Pre-Feasibility Study (PFS), along with its next round of drilling to commence in July 2021.
This is aimed at extending the Resource to the north and increasing the confidence of the MRE to a JORC Indicated and Measured classification.

The PFS will consider supply to a range of traditional end-users of kaolin-halloysite, as well as investigating the potential for downstream marketing of the high-grade halloysite to emerging new applications, including the carbon-capture and hydrogen storage markets.


This would see Latin Resources join a host of other companies that have recently flagged their intention to assess green options in terms of project development, making them very attractive to investors focused on companies that are cognisant of environmental and social (ESG) ramifications."

Letzter Quartals Aktivitäten report(noch VOR Resource Bekanntgabe)
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02370122-6A1031214?access_token=83ff96335c2d45a094df02a206a39ff4

Zitat von Popeye82

Der Artikel beschäftigt sich ein bisschen damit Wie und Wo Latin Resources Noombenberry Projekt im Vergleich zu WA KAolin, OAR Resources, Suvo Strat Minerals, Andromeda Metals, "und Ähnlichen" steht,
mit Betonung Der POSITIVEN Aspekte, was "für" Dieses Projekt spricht.

Ich will jetzt gar nicht sagen ob Die Aktie Ein Kauf, oder Nicht Kauf ist,
soll Jeder Selber entscheiden,
was ich aber ganz klar, etwas diplomatisch, sagen würde ist dass Latin Res EIn Resource Developer ist,
Der in Meinen Augen "absolut lohnenswert ist MINDESTENS Die Weitere Entwicklung mitzuverfolgen".
Von Der Reinen Grösse(nordnung), Dimension, her ist Die Resource m.E. auf Jeden Fall schon "globally Significant".

http://finfeed.com/small-caps/mining/latin-resources-cloud-nine-following-impressive-resource-estimate/
"
Latin Resources on cloud nine following impressive resource estimate
5 minute read
By Trevor Hoey.Published at May 31, 2021, in Mining
[Blockierte Grafik: https://cdn.finfeed.com/images/Halloysite.2e16d0ba.fill-510x286.png]
In a development that could lead to a significant share price rerating based on peer comparisons, Latin Resources Limited (ASX:LRS) has finalised the Maiden Inferred Mineral Resource for the 100% owned Noombenberry Halloysite-Kaolin Project where the company has named its first deposit the Cloud Nine Deposit.

A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75.

As indicated below, the Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin.
[Blockierte Grafik: https://cdn.finfeed.com/images/39b_-_LRS.width-800.png]
The global Inferred Mineral Resource of 207 million tonnes of kaolinised granite comprises two separate domains as indicated below.
[Blockierte Grafik: https://cdn.finfeed.com/images/39_-_LRS.width-800.png]
The Kaolin Domain granite Resource contains a total of 73 million tonnes of bright white (+75 ISO-B) Kaolin product with an ISO-B of 79 in the -45 μm size fraction, or 29 million tonnes of ultra-bright white (+80 ISO-B) kaolin product with an ISO-B of 82.

Both of these are considered high quality product specifications, potentially suitable for a wide range of industrial applications.

The global resource also contains a relatively contiguous halloysite domain within the kaolinised granite estimated at 50 million tonnes at an average grade 6% halloysite using a 1% halloysite cut-off, or 35 million tonnes at an average grade of 6% halloysite using a +75 ISO-B cut-off it equates to 27 million tonnes at an average grade of 8% halloysite using a +5% halloysite cut-off.
[Blockierte Grafik: https://cdn.finfeed.com/images/39a_-_LRS.width-800.png]
Shallow economical resource assists in quick resource estimate

Within only 18 months of identifying the opportunity for halloysite, Latin Resources has been able to rapidly define this maiden MRE because of the very shallow nature of the resources (average of less than 4 metres from the surface.

Importantly, exploration has demonstrated that the resource has substantial potential to grow, being open in all directions.

Latin Resources has an extensive tenement package (560 square kilometres – strike length of over 105 kilometres) with additional high grade halloysite, and ultra-bright kaolin occurrences already identified less than 10 kilometres away along strike, effectively providing drill-ready targets for at least two additional occurrences.

Management intends to expedite the next round of drilling to elevate some of the Resources to the Indicated or Measured classification for the purposes of a PFS, which can all be funded with existing cash of more than $4 million at end of March 2021.
Get our newsletter with an exclusive article straight to your inboxI consent to my email opens and clicks being tracked

Peer comparisons indicate that LRS is significantly undervalued

While quality halloysite deposits are less than abundant in Australia, Cloud Nine compares well with its peers where the material often needs to be accessed at greater depths and is spread across broader deposits.
One of the most notable points of comparison in this regard is Andromeda Metals (ASX: ADN) which has a market capitalisation of about $475 million, representing a significant premium to Latin Resources, capped at approximately $95 million.

There is little variation between the sizes of the group’s resources, but the Noombenberry Project offers a combination of benefits that in the main have the potential to lead to cheaper production.

It is worth noting that Andromeda has between 7 metres and 62 metres of overlying hard silcrete caprock, compared with Noombenberry’s unconsolidated soil cover of less than 4 metres.

Consequently, LRS would appear to offer lower mining costs with a lower strip ratio as ADN has significant overburden to remove before the ore can be accessed, ordinarily translating to higher mining costs.
On the other hand, LRS can employ simple, fast, low cost exploration due to minimal cover, while also not having outcrop and thick hard caprock cove, making drilling more costly and time-consuming as the only exploration method.


The high-grade Noombenberry Kaolin-Halloysite Project benefits from being located adjacent to existing road, rail, port, power and water infrastructure.

The project’s proximity to a mining service centre in Kalgoorlie also compares well with the ADN project location, as it is remote and distal from existing infrastructure.

Investors in Latin Resources should be buoyed by today’s news as it may trigger a bridging of the valuation gap between it and Andromeda Metals.

Addressing the issue of valuation, executive director Chris Gale said, ‘’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."

Benefits of easily accessible resource will be evidenced in PFS

There appears to a reasonable degree of confidence regarding the potential for resource expansion beyond the current parameters as the deposit is open in all directions with areas to the north looking particularly promising.
Resource numbers have been smoothed due to the large block size used (limited by the current drill spacing) and Inferred classification.

Additional drilling and closer spaced drill density will increase confidence/JORC classification and allow LRS to report more selectively bringing out the high grade zones.

Management will immediately commence technical studies to feed into a Pre-Feasibility Study (PFS), along with its next round of drilling to commence in July 2021.
This is aimed at extending the Resource to the north and increasing the confidence of the MRE to a JORC Indicated and Measured classification.

The PFS will consider supply to a range of traditional end-users of kaolin-halloysite, as well as investigating the potential for downstream marketing of the high-grade halloysite to emerging new applications, including the carbon-capture and hydrogen storage markets.


This would see Latin Resources join a host of other companies that have recently flagged their intention to assess green options in terms of project development, making them very attractive to investors focused on companies that are cognisant of environmental and social (ESG) ramifications."

Alles anzeigen

Die Direkte Seite zum Projekt
http://www.latinresources.com.au/noombenberry

Will aber AUSDRÜCKLICHST betonen, wie auch bei Suvo Strategic Minerals, dass Latin Resources noch EINIGES mehr als Das Noombenberry, Dieses, Projekt ist, "ausmacht".

Zitat von txlfan

Über Kaolin habe ich mir bis jetzt überhaupt keine Gedanken gemacht. Von daher danke für den Input.

Finde das Projekt spannend und bin mit ner kleinen Position zugestiegen. Auch in der Hoffnung, daß das Gekrakel im Chart im April bei etwa 0,028€ das Korrekturtief war. Ansonsten könnte es nochmal in den Bereich 0,016-0,02€ runter gehen. [Blockierte Grafik: https://www.goldseiten-forum.com/wcf/images/smilies/whistling.png]

Tag txlfan,

Also mal "ganz grundsätzlich":

Was ich Dir auf Jeden Fall sagen kann ist dass vor 3 Jahren+ von "Kaolin/HPA/Silica Sands" "noch nicht Viel gehört" hatte, und da "nahezu" Null in dem Bereich vertreten war(Eine Ausnahme, evt 2, glaube waren 2),
inzwischen in Diesem "3er Bereich" aber "ganz ordentlich, mit Einigen" vertreten bin.

Also da gibt "schon auch noch paar Andere":

WA Kaolin würde zum Beispiel auch ABSOLUT im Blick behalten....................

Unter Den Früherphasigeren Corella Resource, OAR Resource und Okapi zum Beispiel.

Latin Resources (ASX:LRS) begins Aircore-Drilling at Noombenberry
http://themarketherald.com.au/latin-resources-asxlrs-begins-aircore-drilling-at-noombenberry-2021-06-21/
http://finfeed.com/small-caps/mining/lrs-recommences-drilling-noombenberry-kaolin-halloysite-project/
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02386214-6A1037471?access_token=83ff96335c2d45a094df02a206a39ff4

Zitat von Popeye82

Latin Resources (ASX:LRS) begins Aircore-Drilling at Noombenberry
http://themarketherald.com.au/latin-resources-asxlrs-begins-aircore-drilling-at-noombenberry-2021-06-21/
http://finfeed.com/small-caps/mining/lrs-recommences-drilling-noombenberry-kaolin-halloysite-project/
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02386214-6A1037471?access_token=83ff96335c2d45a094df02a206a39ff4

Latin eyes WA kaolin-halloysite resource

[Blockierte Grafik: https://images.thewest.com.au/publication/C-3177718/c440ae71803f54130c0fd8cbb44d39b4467a7d8c-16x9-x0y21w798h449.jpg?imwidth=1024&impolicy=wan_v3]http://thewest.com.au/business/public-companies/latin-eyes-wa-kaolin-halloysite-resource-extension-c-3177718

Zitat von Mattl

Ist hier noch wer dabei? Es sieht derzeit so aus als ob bei 0,05AUD ein Boden gefunden wäre. Bin zu früh rein bei 0,06AUD aber derzeit schaut es stabil aus. Im Juli sollten News kommen. Bin gespannt wie es hier weiter geht, könnte vielleicht ein guter Zeitpunkt für einen Einstieg sein...

(jedoch ohne Gewähr)

An Mattl und txlfan,

Also Jeder trifft Eigene Entscheidungen, und ich übernehme KEINERLEI Verantwortung für Andere Leute.

Aber grundsätzlich, fundamental gesehen, ist hier, in Meinen Augen ALLES ABSOLUT IM LOT.

Also ich sehe jetzt "Keine Speziellen Dunklen Wolken".

EIne Garantie dass Das am "Ende Alles funktioniert" ist Das natürlich trotzdem nicht.

In Meinen Augen ist Das Thema aber eher dass Latin noch Eine gaaanze Menge Zeit brauchen wird;
und man Die Denen, gff. auch GEBEN muss;

vor Allem relativ zu WA Kaolin und Suvo Strat Minerals werden Sie, m.E., noch Eiiiiiniges mehr Zeit brauchen.

Aber Die Resources Base @Noombenberry ist m.E. ECHT, ECHT interessant, potenziell gut.

Aber Das zu entwickeln DAUERT ! !

Nur Weitere Anmerkung:

Es gab von Latin noch Weitere Meldungen zum "Lachlan Fold Belt", und Goldprojekt.

Die "poste" hier nicht, weil Mein Fokus nicht darauf liegt.

Zitat von Popeye82

Der Artikel beschäftigt sich ein bisschen damit Wie und Wo Latin Resources Noombenberry Projekt im Vergleich zu WA KAolin, OAR Resources, Suvo Strat Minerals, Andromeda Metals, "und Ähnlichen" steht,
mit Betonung Der POSITIVEN Aspekte, was "für" Dieses Projekt spricht.

Ich will jetzt gar nicht sagen ob Die Aktie Ein Kauf, oder Nicht Kauf ist,
soll Jeder Selber entscheiden,
was ich aber ganz klar, etwas diplomatisch, sagen würde ist dass Latin Res EIn Resource Developer ist,
Der in Meinen Augen "absolut lohnenswert ist MINDESTENS Die Weitere Entwicklung mitzuverfolgen".
Von Der Reinen Grösse(nordnung), Dimension, her ist Die Resource m.E. auf Jeden Fall schon "globally Significant".

http://finfeed.com/small-caps/mining/latin-resources-cloud-nine-following-impressive-resource-estimate/
"
Latin Resources on cloud nine following impressive resource estimate
5 minute read
By Trevor Hoey.Published at May 31, 2021, in Mining
[Blockierte Grafik: https://cdn.finfeed.com/images/Halloysite.2e16d0ba.fill-510x286.png]
In a development that could lead to a significant share price rerating based on peer comparisons, Latin Resources Limited (ASX:LRS) has finalised the Maiden Inferred Mineral Resource for the 100% owned Noombenberry Halloysite-Kaolin Project where the company has named its first deposit the Cloud Nine Deposit.

A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75.

As indicated below, the Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin.
[Blockierte Grafik: https://cdn.finfeed.com/images/39b_-_LRS.width-800.png]
The global Inferred Mineral Resource of 207 million tonnes of kaolinised granite comprises two separate domains as indicated below.
[Blockierte Grafik: https://cdn.finfeed.com/images/39_-_LRS.width-800.png]
The Kaolin Domain granite Resource contains a total of 73 million tonnes of bright white (+75 ISO-B) Kaolin product with an ISO-B of 79 in the -45 μm size fraction, or 29 million tonnes of ultra-bright white (+80 ISO-B) kaolin product with an ISO-B of 82.

Both of these are considered high quality product specifications, potentially suitable for a wide range of industrial applications.

The global resource also contains a relatively contiguous halloysite domain within the kaolinised granite estimated at 50 million tonnes at an average grade 6% halloysite using a 1% halloysite cut-off, or 35 million tonnes at an average grade of 6% halloysite using a +75 ISO-B cut-off it equates to 27 million tonnes at an average grade of 8% halloysite using a +5% halloysite cut-off.
[Blockierte Grafik: https://cdn.finfeed.com/images/39a_-_LRS.width-800.png]
Shallow economical resource assists in quick resource estimate

Within only 18 months of identifying the opportunity for halloysite, Latin Resources has been able to rapidly define this maiden MRE because of the very shallow nature of the resources (average of less than 4 metres from the surface.

Importantly, exploration has demonstrated that the resource has substantial potential to grow, being open in all directions.

Latin Resources has an extensive tenement package (560 square kilometres – strike length of over 105 kilometres) with additional high grade halloysite, and ultra-bright kaolin occurrences already identified less than 10 kilometres away along strike, effectively providing drill-ready targets for at least two additional occurrences.

Management intends to expedite the next round of drilling to elevate some of the Resources to the Indicated or Measured classification for the purposes of a PFS, which can all be funded with existing cash of more than $4 million at end of March 2021.
Get our newsletter with an exclusive article straight to your inboxI consent to my email opens and clicks being tracked

Peer comparisons indicate that LRS is significantly undervalued

While quality halloysite deposits are less than abundant in Australia, Cloud Nine compares well with its peers where the material often needs to be accessed at greater depths and is spread across broader deposits.
One of the most notable points of comparison in this regard is Andromeda Metals (ASX: ADN) which has a market capitalisation of about $475 million, representing a significant premium to Latin Resources, capped at approximately $95 million.

There is little variation between the sizes of the group’s resources, but the Noombenberry Project offers a combination of benefits that in the main have the potential to lead to cheaper production.

It is worth noting that Andromeda has between 7 metres and 62 metres of overlying hard silcrete caprock, compared with Noombenberry’s unconsolidated soil cover of less than 4 metres.

Consequently, LRS would appear to offer lower mining costs with a lower strip ratio as ADN has significant overburden to remove before the ore can be accessed, ordinarily translating to higher mining costs.
On the other hand, LRS can employ simple, fast, low cost exploration due to minimal cover, while also not having outcrop and thick hard caprock cove, making drilling more costly and time-consuming as the only exploration method.


The high-grade Noombenberry Kaolin-Halloysite Project benefits from being located adjacent to existing road, rail, port, power and water infrastructure.

The project’s proximity to a mining service centre in Kalgoorlie also compares well with the ADN project location, as it is remote and distal from existing infrastructure.

Investors in Latin Resources should be buoyed by today’s news as it may trigger a bridging of the valuation gap between it and Andromeda Metals.

Addressing the issue of valuation, executive director Chris Gale said, ‘’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."

Benefits of easily accessible resource will be evidenced in PFS

There appears to a reasonable degree of confidence regarding the potential for resource expansion beyond the current parameters as the deposit is open in all directions with areas to the north looking particularly promising.
Resource numbers have been smoothed due to the large block size used (limited by the current drill spacing) and Inferred classification.

Additional drilling and closer spaced drill density will increase confidence/JORC classification and allow LRS to report more selectively bringing out the high grade zones.

Management will immediately commence technical studies to feed into a Pre-Feasibility Study (PFS), along with its next round of drilling to commence in July 2021.
This is aimed at extending the Resource to the north and increasing the confidence of the MRE to a JORC Indicated and Measured classification.

The PFS will consider supply to a range of traditional end-users of kaolin-halloysite, as well as investigating the potential for downstream marketing of the high-grade halloysite to emerging new applications, including the carbon-capture and hydrogen storage markets.


This would see Latin Resources join a host of other companies that have recently flagged their intention to assess green options in terms of project development, making them very attractive to investors focused on companies that are cognisant of environmental and social (ESG) ramifications."

Alles anzeigen

Muss mal sagen dass ich Die Noombenberry Erst Resource bis jetzt ZIEMLICH, ZIEMLICH beeindruckend finde.

ABER

Sie sollten damit noch EInen WEIT Längeren Weg vor sich haben als Suvo Strategic Min, und vor Allem WA Kaolin.

http://hotcopper.com.au/threads/lrs-general-discussion.5665313/page-1826?post_id=54730037

http://hotcopper.com.au/threads/lrs-general-discussion.5665313/page-1743?post_id=54610908

Zitat von Popeye82

Muss mal sagen dass ich Die Noombenberry Erst Resource bis jetzt ZIEMLICH, ZIEMLICH beeindruckend finde.

ABER

Sie sollten damit noch EInen WEIT Längeren Weg vor sich haben als Suvo Strategic Min, und vor Allem WA Kaolin.

Alles anzeigen

Latin Resources: Could this be the biggest halloysite and kaolin resource in the world ?

http://www.latinresources.com.au/single-post/latin-resources-could-this-be-the-biggest-halloysite-and-kaolin-resource-in-the-world

http://www.youtube.com/watch?v=N174avKg1Mg

http://www.latinresources.com.au/single-post/halloysite-heavyweights-go-head-to-head-lrs-vs-adn

http://www.proactiveinvestors.com.au/companies/news/950951/latin-resources--on-the-map--with-globally-significant-maiden-resource-at-noombenberry-950951.html

http://www.youtube.com/watch?v=crGbPdjUha4

Zitat von Popeye82

Latin Resources: Could this be the biggest halloysite and kaolin resource in the world ?

http://www.latinresources.com.au/single-post/latin-resources-could-this-be-the-biggest-halloysite-and-kaolin-resource-in-the-world

http://www.youtube.com/watch?v=N174avKg1Mg

http://www.latinresources.com.au/single-post/halloysite-heavyweights-go-head-to-head-lrs-vs-adn

Alles anzeigen

Latin Resources targets lift in maiden 207 million tonnes kaolin-halloysite resource through new drilling;
The company is confident that there is potential for the kaolin-halloysite material at the Noombenberry Project to extend both north and south of the Cloud Nine deposit for UP TO 100 KILOMETRES (!!!!!)

[Blockierte Grafik: https://www.proactiveinvestors.com.au/CKEditor/LRS%20Noom%20Map%20JPEG.jpg]http://www.proactiveinvestors.com.au/companies/news/952752/latin-resources-targets-lift-in-maiden-207-million-tonnes-kaolin-halloysite-resource-through-new-drilling-952752.html

http://themarketherald.com.au/latin-resources-asxlrs-begins-aircore-drilling-at-noombenberry-2021-06-21/

http://hotcopper.com.au/threads/ann-maiden-jorc-mineral-resource-noombenberry-project.6085742/page-418?post_id=53600771

http://hotcopper.com.au/threads/lrs-general-discussion.5665313/page-1392?post_id=53761988

htt://hotcopper.com.au/threads/ann-maiden-jorc-mineral-resource-noombenberry-project.6085742/page-428?post_id=53633793

http://hotcopper.com.au/threads/ann-maiden-jorc-mineral-resource-noombenberry-project.6085742/page-282?post_id=53549471

http://hotcopper.com.au/threads/lrs-general-discussion.5665313/page-658?post_id=52793683

http://hotcopper.com.au/threads/ann-lrs.6094592/page-6?post_id=53634516

LETZTE Presentation

http://www.youtube.com/watch?v=dkqvEB2B350

Quartals Aktivitäten report

Noombenberry Halloysite Project, WA

- Maiden Inferred (JORC 2012) Mineral Resource Estimate (“MRE”) for the Company’s 100%-owned high-grade Noombenberry Kaolin-Halloysite Project, prepared by independent consultancy RSC Global Pty Ltd (“RSC”).
- A global Inferred Mineral Resourcei of 207 million tonnes of kaolinised granite has been estimated, comprising two separate domains:
o 123 million tonnes of bright white kaolin-bearing material; and
o 84 million tonnes of kaolin/halloysite-bearing material.

- The halloysite sub-domain yields 50Mt grading 6% halloysite using 1% halloysite cut-off, or 27Mt grading 8% halloysite using a 5% halloysite cut-off within the minus 45-micron (45 µm) subfraction.
- The Company will immediately commence technical studies to feed into a Pre-Feasibility Study (“PFS”),to consider supply to a range of traditional end-users of kaolin-halloysite, as well as investigating the potential for downstream marketing of the high-grade halloysite to emerging new applications, including the carbon-capture and hydrogen storage markets.
- The Company has commenced its next round of drilling to commence in July 2021, aimed at extending the Resource to the north and increasing the confidence of the MRE to a JORC Indicated and Measured classification...................................................
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02402171-6A1043833?access_token=83ff96335c2d45a094df02a206a39ff4