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- Latin Resources (LRS) appoints SGS Geological Services to start a preliminary economic assessment (PEA) on the Colina prospect at the Salinas lithium project in southeast Brazil
- The company expects to complete its mineral resource for Colina by the end of the year with a finished PEA by March 2023
- Once the PEA is completed, Latin will then move to a definitive feasibility study which is expected to be completed by December 2023
- For the economic assessment, SGS will run a metallurgical test work program
- LRS shares are up 8.25 per cent to trade at 10.5 cents each at 10:47 am AEST
Latin Resources (LRS) has appointed SGS Geological Services to start a preliminary economic assessment (PEA) on the Colina prospect at the Salinas lithium project in southeast Brazil.
SGS is a global leader in metallurgy and process development that provides an integrated approach and delivering expertise throughout the mining cycle.
The company is expecting to complete its mineral resource for Colina by the end of the year, with a finished PEA by March 2023.
Once the PEA is completed, Latin will then move to a definitive feasibility study which is expected to be completed by December 2023.
For the assessment, SGS will run metallurgical test work and Latin is also planning to commission SGS to build a defence media separation pilot plant in Belo Horizonte.
“We are extremely pleased to have engaged SGS Geological Services as an integral part of the Salinas Lithium Project development team, this appointment is an important milestone in the future development of the Colina prospect,” Latin Managing Director Chris Gale said.
“SGS is a well-respected group with a proven track record of delivering high quality studies and projects. They have vast experience in the region, with the recent successful completion of Sigma’s DFS. Their recent and very relevant experience will help Latin to fast track the development of our Salinas Project.”
Latin has told the market that it has had preliminary discussions with several international car and battery manufactures as well as leading lithium trading houses for future supply of its lithium product.
From this, Latin has agreed to speed up feasibility studies to then hopefully secure offtake agreements.
LRS shares were up 8.25 per cent to trade at 10.5 cents each at 10:47 am AEST.
