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Disclaimer
• This presentation and any oral presentation accompanying it has been prepared by Latin Resources Ltd (“LRS “ or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.
• This presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. LRS has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, LRS makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.
• You should not act or refrain from acting in reliance on this presentation material. This overview of LRS does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.
2 May 2012
Latin Resources Limited (ASX Code: LRS)
Mineral exploration and development company based in mineral rich Peru with a focus on Iron Ore
Over 3 years of exploration work and $10m spent to date
Listed on ASX September 2010
Cape Lambert Australia Second largest shareholder
RMB Resources (FirstRand Bank) acquired 5% in May
Junefield Chinese Group acquired 16.8% for $8.4m (28c) 2012
Strong Management team
May 2012 3
Peru – 2010 Mineral Production Rank
Mineral World Latin America
Silver 1 1
Copper 2 2
Zinc 2 1
Lead 4 1
Gold 6 1
Iron 17 5
May 2012
(Source: Peruvian Ministry of Energy and Mines, Annual Mining Report 2010; US Geological Survey, The Silver Institute, Gold Fields Mineral Services, International Copper Study Group, International Lead and Zinc Study Group, International Tin Research Institute, International Molybdenum Association, Intituto Latinoamericano del Hierro y Acero)
4
Latin Resources Limited Achievements since listing on ASX
Acquired a major and potential world class mineral sands project at Guadaluptio
Completed exploratory drilling program at Ilo
Completed Initial JORC Resource at Guadalupito (Snowdens)
Appointed Ausenco for Guadalupito Scoping Study
Secured Joint Venture Partner for Mariela –Junefield Group
May 2012 5
Project Portfolio & Strategy
• Close to Port & Infrastructure
• Focus on Flagship project Guadalupito
• Situated in area surrounded by major International Resource Sector Players
6 May 2012
Latin Resources
Guadalupito
Project
Latin Resources
Ilo & Mariela
Projects
Latin Resources projects
7 May 2012
Guadalupito Iron & Mineral Sands Project
• Total holding of 16,000 hectares
• The port town of Chimbote is 25 Kms south
• SiderPeru Steel works (Gerdau Group) is located in Chimbote
• Close to infrastructure
Chimbote Port
Guadalupito
Project
8 May 2012
Guadalupito Iron & Mineral Sands
Project
Conceptual exploration target of 2 Billion tones of mineralized sediments *
Magnetite with a low Titanium .
Gold grades of potential economic significance have been encountered.
Discrete liberated mineral grains of recoverable size of Zircon, Ilmenite , and Andalusite have been identified.
*On 9 and 10 May 2011 Latin announced a conceptual exploration target of 2 billion tons of mineralised sediment at Guadalupito (within a range 2.0-
2.6 billion tones). This conceptual exploration target was based on an estimated area of 6000 hectares of prospective sediments generated from
detailed field mapping, a mineralised depth of 20 m as suggested by initial test drilling and an estimated S.G. of 1.8-2.2. Work conducted at
Guadalupito to date highlights good potential for economic content of: Magnetite (3.5% - 15.1%) ,Andalusite (5.3% – 16.5%) ,Gold (6 - 556 mg/m3)
and potentially economic content of: Monazite (REE) (trace – 1.7%) ,Zircon (trace – 1.1%) ,Ilmenite (trace – 2.8%) ,Wolframite (trace). The potential
quantity and grade is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further
exploration will result in the determination of a Mineral Resource.
9 May 2012
Initial JORC Inferred Resource (Snowdens)
Above water table JORC Resource – 38MT @8.9% Heavy Mineral
Below water table JORC Resource – 81MT@ 4.1% Heavy Mineral
Total JORC inferred Resource of 119MT @ 5.7% Heavy Mineral
Initial JORC carried out over 682 ha - Total Concession Hectares 16,437 - 682 ha is only 5% of total concession area
68 Sonic Holes completed – Total drill program of over 1000 holes
*
12 May 2012
Peer % Heavy Mineral Comparison
13
WorldTitanium
Resources -Madagascar
LatinResources-
Peru
BaseResources -
Kenya
Rio Tinto* -S.Africa
Kenmare-Mozambique
MatildaZircon -
Australia
MineralDeposits -Senegal
Heavy Minerals (%) 6.54% 5.70% 4.90% 4% 3.00% 2.52% 1.70%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Heavy Minerals (%)
Heavy Minerals (%)
May 2012
Scoping Study Brief- Ausenco
Develop of early cash flow based on a 10Mt pa dry mining operation to produce;
• Magnetite
• Gold
• Andalusite
Develop eventual target of a 30 to 35 Mt pa operation to produce other minerals ;
• Zircon
• Ilmenite and other Ferro-Titanium oxides
*
14 May 2012
Stage 1 Concept – 10 mtpa Dry surface Mining Operation
MINING VOID
HMC STOCKPILE
NON-MAG
SPIRALS
GOLD CONCENTRATE
“GOLD CON”
WET TABLE
PORT
THICKENER
SPIRAL CIRCUITSCREENING
DESLIMING
WCP
SAND
TAILS
CLAY
FINES
Mining
LIMS
MAGNETIC
SEPARATION
NON-MAG STOCKPILE
MAGNETITE
STOCKPILE
SUPER-CON
CONCENTRATE NON-MAGNETICS
MSP
RE
JE
CT
S
STAGE 1 CONCEPTUAL
FLOWSHEET
15 May 2012
Stage 2 Concept – 35 mtpa Dredging Mining Operation
MINING VOID
HMC STOCKPILE
NON-MAGNETIC
SPIRAL CIRCUIT
GOLD CONCENTRATE
“GOLD CON”
WET TABLE
PORT
SPIRAL CIRCUITSCREENING
DESLIMING
WCP
SAND
TAILS
CLAY
FINESMining
LIMS
MAGNETIC
SEPARATION
MAGNETITE
STOCKPILE
LIMS NON-MAGS
HT SEPARATIONNON-MAG
CONDUCTOR
MAGNETIC
SEPARATION
NON-MAGNETIC
NON-CONDUCTORS
MAGNETIC
SEPARATION
CONDUCTORS
NO
N-
CO
ND
UC
TO
RS
MAGNETIC TIO2
PRODUCT
NON-MAGETIC
TIO2 PRODUCT
WET ZIRCON
SPIRAL CIRCUIT
ZIRCON
PRODUCT
RE
JEC
TS
RE
JEC
TS
NON-MAGNETICS
MAGNETICS
RE
JEC
TS
SUPER-CON
CONCENTRATE
MSPNON-MAGNETICS
STAGE 2 CONCEPTUAL
FLOWSHEET
16 May 2012
Anaconda
(Antofagasta) Ilo Port
Mariela
BHP
Southern
Copper
Metminco
Ilo 2012 – Latin Resources controls 100,000 HA
May 2012 22
Drill results Ilo Norte
Iron and copper mineralisation in all 8 initial exploratory holes 120m from 24m @ 0.13% Cu, 20.38% Fe in hole IN-02
Gold anomalism coincident with Copper mineralisation 14m from 52m @ 0.55% Cu, 0.13g/t Au in hole IN-02 and
22m from 254m @ 0.25% Cu, 0.09g/t Au in hole IN-03
Anomalous Zinc values Mineralised unit more than 250m thick Infill drilling planned 1st Quarter 2012
Mariela
• Large anomaly
• Excellent Iron Oxide Copper Gold (IOCG ) District
• Close to Port and highways
• Drilling commenced May 2012
• Junefield Group to spend $35 m to BFS for 70%
• LRS 30% free carry during this phase
23 May 2012
Strategy and Goals for 2012
Expand JORC inferred resource at Guadalupito
Complete Scoping study at Guadalupito
Complete 12,000 m drilling program at Mariela
Commence detailed exploration program at Ilo concessions
Increase shareholder value by achieving sound fundamental milestones
27 May 2012
LRS - Capital Structure
Shareholding Shares Options
Total Shares 180,921,141 62,450,000
Market Cap @ 30c $54 million March 2013 exercisable@ 30c
Junefield Group major Shareholder with 16.8 %
Cape Lambert shareholding 12%
Top 30 Shareholders represent 70% of shareholding
$5m in cash
Options exercisable in March & June 2013 @30c - $18m cash
28 May 2012
Peer Market Cap – ASX *
54
200
34
86
280
0
50
100
150
200
250
300
Mkt Cap
Latin Resources- 119MT
Base Resources- 262MT
Maltilda Zircon-66 MT
World Titanium- 700 MT
Metminco-Copper Peru
$ m
Iluka - $6B+
29 May 2012 * As of 30th April 2012
Thank You and Questions
The information in this report that relates to Geological and Geochemical Data, Exploration Results, Conceptual Exploration Target, Mineral Resources, or Ore Reserves is based on information compiled by Mr Andrew Bristow, a full time employee of Latin Resources Limited’s Peruvian subsidiary. Mr Bristow is a member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and the type of deposit under consideration to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Bristow consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.
*On 9 and 10 May 2011 Latin announced a conceptual exploration target of 2 billion tons of mineralised sediment at Guadalupito (within a range 2.0-2.6 billion tones). This conceptual exploration target was based on an estimated area of 6000 hectares of prospective sediments generated from detailed field mapping, a mineralised depth of 20 m as suggested by initial test drilling and an estimated S.G. of 1.8-2.2. Work conducted at Guadalupito to date highlights good potential for economic content of: Magnetite (3.5% - 15.1%) ,Andalusite (5.3% – 16.5%) ,Gold (6 - 556 mg/m3) and potentially economic content of: Monazite (REE) (trace – 1.7%) ,Zircon (trace – 1.1%) ,Ilmenite (trace – 2.8%) ,Wolframite (trace).
The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
30 May 2012
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