Latin Resources' Salinas project shows outstanding results in DMS testwork
Vancouver
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August 16, 2023 01:13 PM Eastern Daylight Time
Tony Greenaway, VP of Operations for the Americas at Latin Resources Ltd (ASX:LRS, OTC:LRSRF), discusses promising results from DMS testwork on the Salinas Lithium Project in Brazil with Proactive's Stephen Gunnion.
The initial stage achieved 93.1% lithium recovery with a concentrator grade of 5.5%, which Greenaway described as a remarkable achievement. These results will contribute significantly to the upcoming preliminary economic assessment (PEA) and definitive feasibility study (DFS) for the project, he added.
The straightforward and cost-effective DMS processing method positively impacts capital costs, potentially leading to a quicker build time and production commencement in 2026.
Greenaway emphasizes continuous resource expansion through drilling and bulk test work to enhance the current 45 million-ton resource.
The PEA is nearing completion, with a release expected in September. The data will provide investors with concrete figures on capex, opex, and cash flow, bolstering confidence in the project's value. As Latin Resources Ltd aims to make strides toward construction by the end of next year, the project's potential and economic viability becomes more evident, he said.
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