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Latin Resources Ltd (ASX:LRS) has been granted its final two tenements totalling 7,050 hectares, which expand the now 76,700 hectare Catamarca lithium project in Argentina.
Griffin will be on site in Argentina next week and will be managing the drilling program on the Catamarca project and coordinating the exploration on other Latin Resources projects.
Mongolia's predicted economic boom hinges on the premise that the Oyu Tolgoi copper-gold mine will be a driver of the economy's growth. Mongolia's GDP in 2010 was $6.8 billion. Oyu Tolgoi is expected to produce over $3 billion per year using prices of $850/oz. for gold, $14/oz. for silver, and $2/pound for copper. The current prices for all these commodities are higher -- copper prices are more than 50% higher while gold and silver are both approximately double those prices -- thus the effect of Oyu Tolgoi on the Mongolian economy will be greater.
The Directors present their report for Harvest Minerals Limited ('Harvest' or 'the Company') and its subsidiaries ('the Group') for the year ended 30 June 2016. The Annual Report has today been posted to shareholders.