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Gold Coast Resources Showcase June, 2012

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Page 1: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Gold Coast Resources Showcase June, 2012

Page 2: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

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.

Page 3: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

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

Page 4: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

(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)

Peru – 2010 Mineral Production Rank

SILVER

COPPER

ZINC

GOLD

IRON

LEAD

2

World

Latin America

2

1

1

1

6

1

2

1

4

Mineral World Latin

America

Silver 1 1

Copper 2 2

Zinc 2 1

Lead 4 1

Gold 6 1

Iron 17 5

Page 5: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Latin Resources Limited

Achievements since listing on ASX

Completed

exploratory

drilling program

at Ilo

Appointed Ausenco

for Guadalupito

Scoping Study

Secured Joint

Venture Partner for

Mariela – Junefield

Group

Acquired a major

and potential world

class mineral sands

project at

Guadalupito

ASX September 2010

Fe

bru

ary

20

11

Au

gu

st 2

011

Dece

mb

er

20

11

Se

pte

mber

20

11

Ma

rch 2

011

Completed

Initial JORC

Resource

at Guadalupito

(Snowdens)

Page 6: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Project Portfolio & Strategy

Guadalupito

Iron & Mineral

Sands

Iron, Zircon, Gold,

Andalusite

Ilo & Mariela

Projects

Iron, Copper, Gold

Close to

Port & Infrastructure

Focus on Flagship Project Guadalupito

Develop strong

community relationships

Situated in area surrounded by

major International

Resource Sector Players

Page 7: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Development Success in Peru

Government Economic

Development

Community

Relationships Water & Employment

Project

Development

Page 8: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Latin Resources Projects

ILO PROPERTIES

MARIELA

ILO

Latin

Resources

Guadalupito

Project

Latin

Resources

Ilo & Mariela

Projects

Page 9: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Guadalupito Iron & Mineral Sands Project

Total holding of over

16,000 hectares

The port town of Chimbote is

25kms South

SiderPeru Steel works (Gerdau Group)

is located in Chimbote

Close to

infrastructure – Port & Hwy

Guadalupito

Project

Chimbote

Port

Page 10: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

*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.

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 indentified

Page 11: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Sonic Drill Rig Guadalupito

Page 12: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Recent High Grade Heavy Mineral

Content discovered

New hole (GUA-BL-045) to 39 meters with average

7.4% HM

Hole included 15m @ 9.8%

High Grade zone at surface 4 kilometres

long, 300m to 500m wide

This suggests thicker and higher grade HMC

Page 13: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Iron Ore (Magnetite)

Page 14: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

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

Page 15: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Peer % Heavy Mineral Comparison

7%

6%

5%

4%

3%

2%

1%

0%

World Titanium

Resources

Madagastar

Latin Resources

Peru

Base Resources

Kenya

Rio Tinto

South Africa

Kenmare

Mozambique

Matilda

Zircon

Australia

Mineral

Deposits

Senegal

6.54%

5.70%

4.90%

4.00%

3.00% 2.52%

1.70%

Heavy Minerals (%)

Page 16: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Scoping Study Brief - Ausenco

Develop of early cash flow based on a

10Mt pa dry mining operation to produce

Magnetite | Gold | Andulusite

Develop eventual target of a 30 to 35 Mt pa

operation to produce other minerals

Zircon | Ilmenite and

other Ferro-Titanium oxides

Page 17: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Stage 1 Concept - 10 mtpa Dry surface Mining Operation

MINING WCP

screening desliming spiral circuit

thickener

mining void

clay

fines

sand

tails

HMC stockpile

MSP

Lims magnetic

separation

Magnetite

stockpile

spiral circuit

Non-mag

stockpile

super-con

PORT

ship loader

“Gold con”

wet table

Gold

concentrade

STAGE 1

CONCEPTUALFLOWSHEET

Andalusite

Page 18: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Stage 2 Concept - 35 mtpa Dredging Mining Operation

MINING WCP

screening desliming spiral circuit

mining void

clay

fines

sand

tails

HMC stockpile

MSP

Lims magnetic

separation

Magnetite

stockpile

non-magnetic

spiral circuit

super-con

PORT

ship loader

“Gold con”

wet table

Gold

concentrade

STAGE 2

CONCEPTUALFLOWSHEET

rejects

non-

magnetics concentrate

Lims non-mags

HT separation

Non-mag conductor

magnetic separation

conductors

Non-magnetic

non-conductors

Magnetic separation

non-

conductors

reje

cts

Wet Zircon

spiral circuit

reje

cts

Zircon

product

magnetics

Magnetic

TIO2 product

Andalusite

no

n-m

ag

ne

tics

Page 19: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Potential Mining Operation & Example of Concentrate

Page 20: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Latin Resources Ilo Projects

ILO PROPERTIES

MARIELA

ILO

Latin

Resources

Ilo & Mariela

Projects

Page 21: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Ilo District 2008

Latin

Resources

Ilo Port

Latin

Resources

Chile

Southern

Copper

Page 22: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Ilo 2012 – Latin resources controls 100,000 HA

Ilo Port

Ilo Norte

Anaconda

(Antofagasta)

Chile

BHP

Southern

Copper

Mariela

Metminco

Page 23: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Ilo Norte Drilling

Page 24: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

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

Mineralized unit more than 250m thick

Infill drilling planned 3rd Quarter, 2012

Drill results Ilo Norte

Page 25: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Mariela Project – Joint Venture

Large anomaly

Excellent Iron Oxide Copper Gold

(IOCG) District

Close to

Port and Highways

Drilling commenced

May 2012

Junefield Group to spend

$35m to BFS for 70%

LRS 30% free carry during this phase

Page 26: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Mariela – 3D Gravity Model

Page 27: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Mariela Drill Program (12,000m)

Page 28: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Strategy and Goals for 2012

2012 Expand JORC inferred resource at Guadalupito

Complete Scoping study at Guadalupito

Complete 12,000m drilling program at Mariela

Commence detailed exploration program at Ilo Concessions

Increase shareholder value by achieving sound fundamental

milestones

Page 29: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

LRS – Capital Structure

Junefield Group major Shareholder

with 16.8%

Cape Lambert shareholding

12%

Top 30 Shareholders

represent 70% of shareholding

$3.5m in

current cash

If options in Money

in March 2013 will raise @ 30c –

$18m cash

Shareholding Shares Options

Total Shares 180,921,141 62,450,000

Market Cap @30c $54 million March 2013 exercisable @30c

Page 30: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

300

250

200

150

100

50

0

$54m

$200m

$34m

$86m

$280m

Peer Market Cap – ASX*

* As of 30th April 2012

Latin Resources

119MT Base Resources

262MT Matilda Zircon

66MT World Titanium

700MT Metminco

Copper Peru

Iluka Resources

$6B+

Mkt Cap

$ m

illio

n

Page 31: Gold Coast Resources Showcase - RNS Submit · Peru – 2010 Mineral Production Rank SILVER COPPER ZINC GOLD IRON LEAD 2 World ... Zircon | Ilmenite and other Ferro-Titanium oxides

Thank you and Questions

Competent Person Statement 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.