LRS Chasing Cobalt Near Historic Argentinian Mine
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Latin Resources (ASX:LRS) announced today that it had applied for three exploration licenses in the La Rioja Province of Argentina.
While there hasn’t been any recent mining conducted within the licence areas, they join the King Tut mine that was an historic producer of cobalt and gold ore, and has been documented by various authors as being prospective for gold and high grade cobalt.
The main activity in that region was in the early 1900s where a mineralised vein or series of veins contained high grade cobalt-gold material with a recorded production of between 60 tonnes and 80 tonnes of cobalt ore with an average grade of 1.3%.
Sources that date back to 1984 suggests the King Tut mine is the only known cobalt deposit in Argentina and contains grades usually ranging between 0.2% and 2.45%, though these grades are not supported by JORC compliant data.
It should be noted that LRS is in the early stage of exploration and investors considering this stock for their portfolio should seek professional financial advice.
LRS adopts two pronged approach to tapping into electric battery and storage industry
In discussing LRS’s strategy to become a multi-mineral supplier to the electric battery and storage market, Managing Director Chris Gale said, “The addition of the cobalt project to the lithium projects in Argentina adds further value to LRS’s business of exploration and development of mineral resources, but specifically focusing on the demand for batteries for electric vehicles and storage”.
Gale noted that the cobalt concessions applied for are situated in the Argentinian province of La Rioja, a province that sits between Catamarca and San Luis province which hosts the company’s current lithium projects.
Gale confirmed the company was gearing up for the next stage of drilling at the lithium projects, a potential share price catalyst as the company awaits approval of the La Rioja licences.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
