Latin Resources Ltd (ASX:LRS) will discuss the progress of its Pachamanca/MT-03 copper project in Peru and the prospectivity of the Noombenberry Halloysite Project in WA at a virtual conference tomorrow.
Executive director Chris Gale will discuss Latins project portfolio and key activities planned for 2020 from 3.30pm at the NWR Virtual Resources Conference on Wednesday, May 6.
The company will release an updated presentation prior to the free event organised by NWR Communications.
Investors can register online to view the presentation here: https://us02web.zoom.us/webinar/register/WN_JI-1b8NlQi6YpuvwHDHLRA
Binding terms extended at Pachamanca[hhmc]
During the March quarter, Latins subsidiary Peruvian Latin Resources SAC (PLR) signed an extension to the binding terms executed with Minera Antares Peru SAC, a subsidiary of Canadian copper producer First Quantum Minerals Limited (TSE:FM) for the Pachamanca/MT-03 Copper Project in Peru.
The current term sheet was extended to December 31, 2020.
Under the agreement, Antares has an option to earn an initial 51% of the project by completing 4,000 metres of drilling within six months of obtaining drill approvals.
Antares can earn up to a total of 80% of the project when technical documentation of work completed is provided to support a decision to mine and will then have an option to buy PLRs remaining 20% share, with PLR to retain a 2% NSR royalty.
Drill permits pending[hhmc]
Latin Resources has received government approval to commence official drill permitting by Antares, with the drilling program to commence once drill permits have been approved.
Latin believes the JV with a global copper producer of the calibre of First Quantum Minerals is a rare opportunity and is testament to the work carried out by Latin in Peru.
Noombenberry project location and sample area
Noombenberry Halloysite Project[hhmc]
In January, Latin anRead More – Source
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