Latin Resources Limited Announces Exceptional Results, Confirming Scale and High Grade at Planalto Prospect

Latin Resources Limited is pleased to announce the latest drilling results from its Planalto Prospect, confirming the presence of a wide, high-grade mineralisation core. These results further establish the potential for increased tonnage at the Salinas Project, bringing it closer to world-class standards.

Highlights:

• Recent drilling at Planalto has identified a thick high-grade core of mineralisation extending down dip and up-plunge to the south-west.
• Significant intercepts include:
  • SADD320: 16.05m @ 2.18% Li₂O from 293.29m, 
    • including 9.22m @ 2.54% Li₂O from 293.29m 
    • and 3.59m @ 2.52% Li₂O from 305.14m.
  • SADD322: 13.83m @ 1.09% Li₂O from 293.17m.
  • SADD323: 6.22m @ 1.83% Li₂O from 230.38m.
  • SADD311: 5.41m @ 1.96% Li₂O from 280.00m.
  • SADD308: 12.59m @ 1.65% Li₂O from 260.41m, 
    • including 5.79m @ 2.29% Li2O from 260.41m.
  • SADD306: 4.25m @ 2.57% Li₂O from 298.01m.
  • SADD305: 6.63m @ 1.86% Li₂O from 401.37m.
• This high-grade zone remains open along strike in both directions, down dip as wells as up plunge where the mineralised zone is interpreted to extend closer to surface. Additional diamond drilling will be focused on testing the up-plunge extension of this emerging priority target area.
• A preliminary Mineral Resource Estimate (MRE) for Planalto is scheduled for the September quarter once all assay results are received from the laboratory.
• The additional Planalto MRE combined with the Colina MRE will confirm that the Salinas lithium project continues to grow to world class Tier one standards.

Latin Resources’ Vice President of Operations - Americas, Tony Greenaway, commented: “The Planalto Prospect shows very similar mineralisation characteristics to our world class tier one Colina Deposit. While the stacked pegmatite lenses at Planalto show a shallower dip to those at Colina, the coarse grained Spodumene only mineralisation is consistent with what we see at Colina. The latest drilling has highlighted an up-dip trend to the high-grade core of mineralisation which will now become the focus of additional drilling.

We [are] scheduling an initial MRE for Planalto in this current September quarter of 2024, which will be based on all of the available drilling and will commence as soon as we have received all of the outstanding assay results from the laboratory.”