Latin Resources Limited (ASX:LRS) has announced a significant 56% increase in the Mineral Resource Estimate (MRE) at its Salinas Lithium Project in Brazil, reaching a total of 70.3 million tonnes with a high grade of 1.27% lithium oxide (Li2O), driven by a substantial 41% expansion in the Colina Deposit MRE and the maiden JORC resource at Fog’s Block.

Colina Deposit Highlights
The Colina Deposit, a high-grade lithium resource, experienced a 41% boost in its MRE, reaching 63.5 million tonnes at 1.3% Li2O, making it one of the largest Tier-One undeveloped lithium resources globally.

The breakdown includes Measured resources at 1.73 million tonnes with a grade of 1.47% Li2O, Indicated resources at 39.29 million tonnes grading 1.36% Li2O, and Inferred resources at approximately 22.5 million tonnes with a grade of 1.2% Li2O.

Close-spaced infill drilling at Colina resulted in a significant increase in grade in both Measured and Indicated JORC resource categories, demonstrating the Project’s potential. see & read more on
https://themarketbull.com.au/2023/12/06/latin-resources-announces-56-increase-in-global-resource-at-salinas-lithium-project/