Latin Resources was acquired by @PLS on 4 February 2025. PLS (formerly Pilbara Minerals) is an ASX listed leading global producer of lithium materials, with a diversified portfolio of assets and strategic partnerships in the rapidly growing battery materials sector.
Latin Resources was an an ASX-listed, Perth-headquartered company and was the 100%-owner of the Salinas lithium project located in Minas Gerais, a pro-mining State of Brazil. Minas Gerais is home to over 300 operating mines including projects owned by BHP, Anglo American and Vale.
The Salinas Lithium Project has potential to become a top 10 hard rock lithium operation by production globally (excluding Africa), located in the world class mining jurisdiction of Minas Gerais, Brazil, with development flexibility to supply new markets focusing on the USA and Europe.
The Global Mineral Resource Estimate for the Salinas Lithium Project was material upgraded in May 2024 to 77.7Mt @ 1.24% Li2O (reported above a cut-off of 0.5% Li2O) with greater than 85% in the Measured & Indicated categories, which reinforced Salinas’ potential to become a large-scale and long-life operation.
- For information on the Binding Scheme Implementation Arrangement for Pilbara Minerals to acquire Latin Resources, please refer to ASX Announcement dated 15 August 2024.
- For details of the Salinas Lithium Deposit MRE, please refer to ASX Announcement dated 30 May 2024.
- For details of the Salinas Lithium Project PEA, please refer to ASX Announcement dated 28 September 2023.
