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Ionic Rare Earths (ASX:IXR) begins resource update at Makuutu
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  • Latin Resources' (LRS) latest testwork results continue to show impressive grades and thickness at the Noombenberry Halloysite-Kaolin Project
  • Results are showing consistent high-grade halloysite and ultra-bright white ISO-B values
  • Interestingly, Noombenberry Project is showing some of Australia's highest-grade halloysite and kaolin assays
  • Once all the results are received, Latin expects to release a maiden JORC resource next month
  • Latin last traded at 5.3 cents per share

Latin Resources' (LRS) has received a majority of the testwork results from its Noombenberry Halloysite-Kaolin Project, located near Merredin, WA.

Results continue to show consistent high-grade halloysite and ultra-bright white
ISO-B values, with hole NBAC119 returning 26 metres at 24 per cent halloysite, including 8 metres at 35 per cent halloysite, and an individual 4-metre composite sample returning 41 per cent halloysite.

Interestingly, Noombenberry Project is showing some of Australia's highest grade halloysite and kaolin assays.

While the last of the samples are working their way through the laboratory and testing facilities, Latin is continuing to fast track a resource estimate.

The company is expecting to release the maiden JORC resource next month. Once the JORC resource is completed, Latin will commence an initial scoping study.

Exploration Managing Director Tony Greenaway is extremely pleased to see Noombenberry advancing.

"We are continuing to see the very high grades of halloysite together with the ultra-bright kaolinite in our latest results," he said.

"With all of the brightness testing now completed, we can clearly see the extent of the high-quality kaolinite blanket across the tenement area that we have drill tested, and that this remains open in all directions. This provided us with a very high degree of confidence in our project as we move forward into the development of the maiden resource estimate," he added.

Latin is trading at 5.3 cents per share.

LRS by the numbers
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