Resumen de Latin Resources haggles A$7.2m off Guadalupito andalusite project
"Latin is confident that having eliminated any cash obligations to the vendor prior to completing a favourable DFS, the project will attract the appropriate investment partner we have been seeking, allowing for all investment forward being dedicated to the funding of [the] DFS, which is the next crucial step to bringing the project into production," Latin Resources' managing director, Chris Gale, said.
Latin's Guadalupito project is located 25km from the port city of Chimbote in northern Peru and is aiming to start operations at an initial production level of 15m tpa, on a conventional dredge mining operation over a 15 year mine life. Under the terms of its revised deal with the property's vendors, the company must complete a DFS at the project by July 2019.
