South American projects Australia’s Latin Resources says it has secured the 100% ownership of Condor lithium concessions in Argentina. The company bought the concessions from Kontrarian Resource Fund No. 1 Pty Ltd.
“The acquisition of the Condor Concessions is further to Latin Resources strategy of building scale by controlling all of the known hard rock Lithium pegmatites in Argentina,” Chris Gale, the managing director of Latin Resources said in a statement. The company is “very focused on developing a JORC resource and then moving into production to take advantage of the buoyant and high lithium prices.”
Latin Resources says it is listed on the Australian Stock Exchange, and focused on mineral exploration in Latin America. The firm has secured more than 266,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca, San Luis and Salta Provinces, Argentina, and 28,000 hectares prospective for Cobalt in La Rioja, according to data from Latin Resources.