Latin Resources signs new agreement with Guadalupito vendors

By Antonio Torrisi
Published: Friday, 28 March 2014

By reducing the pressure on its cash payment obligations following the new agreement, Latin Resources will be able to complete its feasibility study and construct the plant at its Guadalupito heavy mineral project, putting the company in a better position to establish a joint venture for further development of the heavy minerals rich deposit.

Australian exploration company, Latin Resources Ltd, has signed a new agreement with vendors of its Guadalupito heavy mineral (HM) sands in Peru.

The new terms allow Latin to extend cash payments obligations beyond 2017, previously due between 2014 and 2017.

Following this deal, the company will pay $13.3m between 2017...

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