Latin Resources haggles A$7.2m discount on Guadalupito andalusite project

By Laura Syrett
Published: Monday, 29 June 2015

The ASX-listed company has persuaded the vendors of the Peruvian mineral asset to knock A$7.2m off the original sale price in consideration of the tough investment climate, a move which should help Latin Resources to progress with the DFS as it continues to search for a JV partner.

ASX-listed Latin Resources Ltd has signed a letter of agreement with the vendor of the Guadalupito andalusite and heavy mineral sands project in Peru to reduce the sale price of the property by Australian dollar (A$) 7.219m ($5.53m*).

Under a revised payment schedule, Latin will pay a total...

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