So I have been doing some reseach on LRS to see what they do especially as you have all brought it to my attention. One of the other area they do that isnt as prominent as the Lithium for renewables is something called kaolin-halloysite.

They all claim they have (potenially) the largest deposit in AU of this stuff in WA (its always in WA- what ever).

Its used in a variety of applications. I wont mention here though below is a link to obviously one of its competetor here in AU (well South AU) that has also found the stuff. Its like a white clay which on a nano level contains tiny tubes. Have a quick watch (Its not long) if your interested. This company isnt LRS though another ASX copmpany called Andromeda Metals (ASX: ADN)

ADN: ASX

Just a tad of Education for you all

... and so for the money to pay for it all... following a trading halt, LRS announced this morning the details of a capital raise at $0.16... and in early trading the stock is up 8% to $0.20. Lots of positivity and love in the air...

TRANSFORMATIONAL A$35 MILLION CAPITAL RAISING TO EXPEDITE LITHIUM BUSINESS IN BRAZIL

HIGHLIGHTS

• Latin raises A$35 million in a placement anchored by Canadian cornerstone investor, Electrification and Decarbonization AIE LP Fund, with a lead order of A$15 million.
• Latin now well-funded to rapidly accelerate its Bananal Valley drilling program at the Salinas Lithium Project in Brazil.
• Objective to delineate a maiden JORC Mineral Resource and establish project scale rapidly through escalating the drilling campaign from two to four diamond drill rigs with a planned 25,000 metre drill program on the Bananal Valley project.
• Additional drill rig to commence scout drilling at high priority regional lithium targets including Salinas South and the recently acquired Monte Alto prospect area.
• In parallel with advancement of the lithium business in South America, Latin will press forward to complete a Pre-Feasibility Study on its large-scale Cloud Nine Halloysite-Kaolin Deposit in Western Australia.

LRS updated the market this morning on the commencement of their program to expand the resource at Salinas. This program includes 65000m of planned drilling.

HIGHLIGHTS

• Six small footprint diamond drilling rigs have arrived on site and commenced drilling at the Company’s flagship Salinas Lithium Project in Brazil.
• Two additional larger, track mounted diamond drilling rigs are scheduled to arrive on site in February.
• 65,000m mineral resource infill and expansion program will focus on fast-tracking the growth of the Colina Indicated and Inferred Mineral Resource, and mineral resource definition for the Colina West Prospect.
• Upgrade and expansion of the Company’s core logging, processing, and storage facility nearing completion.
• Targeted large diameter PQ diamond core drilling for detailed metallurgical DMS pilot plant and other testwork will commence in February.

This is a significant resource but this program will give a clearer definition of its scale.

Latin Resources’ Geology Manager, Tony Greenaway, commented:

“2022 was a standout year for our exploration team, culminating in the delivery of the Company’s Maiden JORC Mineral Resource Estimate for the Colina Lithium Deposit in just ten months from starting our first drillhole.

“We are all excited to have drilling started again in 2023, where we will be looking at rapidly expanding our mineral resource base through infill and extension drilling at Colina, and systematically drilling out the new Colina West Prospect. The initial results from hole SADD033 drilled into Colina West last year was a watershed moment for the team, and our understanding of the larger mineralised system at Colina. While we are still waiting to receive all the assay results from the additional holes completed in Colina West toward the end of last year, we are confident that with continued drilling, we will be in a position to upgrade and expand our mineral resource base in the 2023 March quarter.”

Further to last week's announcement about the commencement of further exploratory drilling, LRS announced today significant further Li intercepts from its assays of 2022 drilling.

Latin Resources’ Geology Manager, Tony Greenaway, commented:

“These latest results from our 2022 drilling campaign are exceptional. We have intersected over 67 cumulative meters of highly mineralised pegmatites in drill hole SADD055, which was collared approximately 200m to the south of the Colina West discovery hole SADD033.

“The Colina West area is shaping up to be a critical new discovery for the Company. The thick high‐ grade mineralisation we have encountered here is on par with, or arguably better that the main Colina deposit. The potential scale of the Colina West discovery, highlighted by these latest results, means that this area is a major focus for our current 2023 drilling campaign. We believe, that with more drilling, Colina West has the potential to deliver significant tonnes to the overall resource base for the Project.”

Bullish investor presentation from LRS for Bell Potter Unearthed earlier this week which talks to demand and some new information about the quality of the current known resource at Colina - points to lower cost due to the concentrations involved and reinforces the extensive drill program underway to add to the known resource.

Then yesterday LRS announced the securing of new tenements that increases their project tenure by over 350%:

• The Company has significantly expanded the Salinas Lithium Project tenure, by securing a large package of new tenements in the highly prospective region which hosts the Company’s 100% owned Colina Lithium Deposit.
• 17 new applications covering over 29,940 hectares have been lodged with the Brazilian National Mining Agency (ANM) over what the Company believes to be areas that contain favourable basement lithologies to host lithium bearing pegmatites, like those found at Colina.
• These new tenements represent an expansion of approximately 367% over the Company’s previous holdings, to a total of over 38,000 hectares now under Latin’s control.
• The Company has also secured the rights to additional mining rights directly adjacent to the South of Colina, where drilling by the Company has confirmed the extension of the Colina host lithologies and pegmatitic intrusive bodies (assay results pending), by signing a new option agreement.
• The current 65,000m diamond drilling program which commenced in early January, will focus on the expansion of the existing Colina Mineral Resource Estimate to the west and south. The Company is will also undertake first pass reconnaissance drilling at the existing Salinas South and Lajinha Prospect areas in the coming months.
• The Company’s regional exploration team will be undertaking initial reconnaissance mapping and geochemical sampling over the new project tenements as a part of its exploration strategy in the now expanded Salinas district.

Latin Resources’ Geology Manager, Tony Greenaway, commented:

“The Bananal Valley region is a highly prospective district, as we have proved with the discovery and delineation of the Colina Lithium Deposit. Our proprietary knowledge gained over the past 12 months throughout the resource definition drilling of Colina, coupled with our understanding of the wider regional controls to mineralisation in this area, has enabled us to identify these opportunities to secure what we believe are favourable exploration areas for the Company.”

Latin Resources’ Managing Director, Chris Gale, commented:

“The Salinas Lithium Project is continuing to grow to potentially become one of the world’s leading lithium projects with this expanded tenement package. With the recent publication of our Maiden JORC Lithium Resource, the aggressive 65,000 metres drill program planned for 2023 and feasibility studies well underway, we are extremely excited about this year for Latin Resources.”