Latin Resources (ASX: $LRS) reports high-grade lithium discoveries in brazil

Latin Resources Limited (ASX: $LRS) is pleased to report on its activities for the three months ending 31 March 2024. The company made significant progress at its 100% owned Salinas Lithium Project in Minas Gerais, Brazil, including the discovery of the third major spodumene discovery, named Planalto. Multiple high-grade assays continued from the Colina Deposit, returning one of the largest intersections with 32.92m @ 1.62% Li20. The company also progressed activities in the lead up to the Definitive Feasibility Study (DFS), including the submission of the Environmental Impact Assessment and Environmental Impact Report and the selection of key DFS contractors. Latin's executive and leadership team was bolstered through numerous strategic appointments, including Peter Oliver as Executive Director and Chairman of the Development Committee, positioning the company well for the next phase of growth.

Executive Commentary on Progress and Strategic Appointments

'This has been another impressive quarter for Latin Resources, with significant progress made at the Salinas Lithium Project including the unearthing of the Planalto prospect, our third major discovery for the Project. Our exploration efforts at the Colina Deposit continue to yield excellent results, with high-grade assays demonstrating significant thickness in pegmatite formations, reinforcing the resource potential of the area. We are also advancing steadily towards the DFS milestone, with key steps such as the submission of the Environmental Impact Assessment and Environmental Impact Report completed, and a team of experts appointed to oversee and expedite the study. Additionally, we have strengthened our leadership team with strategic appointments, including Peter Oliver as Executive Director and Chairman of the Development Committee, whose extensive experience will help continue Latin's journey through developing Salinas and beyond. We also appointed Aaron Maurer as our Chief Operating officer, Aaron brings a wealth of lithium experience to LRS, having developed some of Mineral Resources lithium projects in the role of Executive GM of Operations. I cannot stress enough the value of our Development and now operational team leaders to take Latin into production in 2026. These developments underscore our commitment to unlocking the full potential of the Salinas Lithium Project and position Latin Resources for building the next sustainable lithium mining operation. We look forward to updating our shareholders as we continue on this exciting journey towards production.'

Summary of Salinas Lithium Project and Corporate Progress

Latin Resources made significant progress at its 100% owned Salinas Lithium Project in Minas Gerais, Brazil, during the quarter ending 31 March 2024. The company reported the discovery of the third major spodumene discovery, named Planalto, and continued to receive high-grade assays from the Colina Deposit, reinforcing the resource potential of the area. Key steps were taken in preparation for the Definitive Feasibility Study (DFS), including the submission of the Environmental Impact Assessment and Environmental Impact Report, and the selection of key DFS contractors. The company also bolstered its executive and leadership team through strategic appointments, positioning itself well for the next phase of growth. Latin Resources remains committed to unlocking the full potential of the Salinas Lithium Project and building a sustainable lithium mining operation. The company looks forward to updating its shareholders as it continues on the journey towards production.