Fortbridge Media Release

Resource Capital Research [RCR] - RCR Company Update, Latin Resources Limited (ASX:LRS), July 2014

Resource Capital Research has released an equity research report on Latin Resources Limited (ASX:LRS), July 2014.

Latin Resources has copper-gold prospects within a strategic land position in the prolific and tightly held southern Peru copper belt, a region dominated by majors. LRS continues to look for a JV partner for the world class, advanced Guadalupito Iron and Mineral Sands Project (scoping study completed) in north coastal Peru.

Investment points:
* Mineral exploration and development company based in Peru, focused on Cu-Au exploration and large scale iron and mineral sands deposits.
* Ilo Cu-Au projects (Peru): LRS has a strategic landholding (11 projects covering 110,000ha) in the tightly held Ilo district of southern Peru dominated by majors such as BHP, RIO, Southern Copper, Junefield, Antofagasta and Anglo. LRS pegged ground early (2008) prior to renewed interest in the area.
* Ilo Norte Project (100/30 percent LRS) � IOCG target: High grade copper intercepts 2Q14. Peruvian partner Zahena is funding US dollar 5.35m exploration spend and paying US dollar 3.65m to LRS over 4 years.
* Ilo Este(100 percent LRS): High priority � early stage porphyry target with confirmed Cu-Au mineralisation and alteration typical of porphyry systems; significant soil and rock chip anomaly over 3km2, magnetic anomaly. LRS drilling 3,200m expected 3Q14.
* Southern Peru copper belt is a major copper producing region with half of Perus 1.2mtpa copper output mined within 100km of LRS. LRS tenements are proximal to power and key transport infrastructure � rail, road and port.
* Guadalupito Project (100 percent LRS): World class resource
* Magnetite, andalusite (used in refractories), rutile-ilmenite-zircon and potentially gold are the main valuable components of the very large and shallow Guadalupito mineral sands deposits identified to date.
* High quality magnetite concentrates produced in bulk magnetic separation tests � supports an early magnetite production pathway.
* Share price catalysts include: (i) An initial drill program at Ilo Este on a well defined Cu-Au porphyry target 2H14; and (ii) Guadalupito JV partner � interested parties continue to talk though timing of any agreement is unclear � however, this is a large scale project and securing a partner would get LRS over the critical funding hurdle to unlock project value.
* Well supported by Chinese Junefield Group which now holds 20 percent of LRS.

To view the full announcement please click on the link below:

For further information please contact:

John Wilson
Analyst
+61 2 9439 1919