Lara Exploration Ltd. , is pleased to announce results of an independent Preliminary Economic Assessment on its 100% owned Planalto Copper-Gold deposit , located in the Carajás mining district, Pará State, Brazil. Planalto PEA highlights include1: Estimated production of 560 kt ) of copper and 111 koz gold over an 18-year life of mine . During the first 6 years, the PEA production schedule produces on average 36 kt ) of [...]
Lara Exploration Ltd. is pleased to report that its wholly owned Brazilian subsidiary has signed a purchase and sale agreement with Atlantica do Brasil Mineração Ltda. , to acquire an exploration license adjacent to Lara's Planalto Copper-Gold Project in the Carajás Mineral Province in northern Brazil. The 345-hectare license lies along strike from and has the potential to add to Lara's Silica Cap resource. Lara has [...]
Lara Exploration Ltd. is pleased to report that it has signed a binding letter of intent with a non-reporting Ontario company , to fund further exploration and development of Lara's Itaituba Vanadium Project , located in the Tapajos Mineral Province of northern Brazil. Under the terms of the agreement, Lara will receive staged payments or minimum expenditures totaling US$500,000 in 2025 , US$600,000 in 2026, and [...]
Lara Exploration Ltd. is pleased to report that 3,085,943 warrants to purchase common shares were exercised, for gross proceeds to the Company totalling C$3,085,943. The remaining 760 broker warrants that were not exercised expired at 3:00p.m. on November 26, 2024. The proceeds from the exercise of these Warrants will be primarily used by the Company to continue to develop its flagship Planalto Copper-Gold [...]
Lara Exploration Ltd. is pleased to report that mining and processing has resumed at the Celesta Copper Project in the Carajás of Brazil. Tessarema Resources has advised that an additional 3,545m of resource definition drilling was completed on the Osmar and Galpão targets while work was carried out to reinstate permits and bring the processing plant out of care and maintenance. Tessarema resumed mining and processing ore [...]
Lara Exploration Ltd. announces today that it is electing to accelerate the expiry of outstanding common share purchase warrants of the Company exercisable at C$ 1.00 per common share and broker warrants exercisable at an C$1.00 per common share . The Warrants were issued pursuant to the non-brokered private placement of the Company that closed on June 17, 2022. Commented Miles Thompson, Chairman of Lara [...]
Lara Exploration Ltd. is pleased to report that it has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the initial resource estimate on its 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. The Technical Report, titled "Independent Technical Report on Mineral Resources Estimate [...]
VANCOUVER, BC, Oct. 9, 2024 /CNW/ - Trading resumes in: Company: Lara Exploration Ltd. TSX-Venture Symbol: LRA All Issues: Yes Resumption : 10:15 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Lara Exploration Ltd. is pleased to report the initial resource estimate of the 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. GE21 Consultoria Mineral Ltda. , an independent mining and geological consulting company, estimated the Mineral Resources for the Planalto project as summarized in Table 1. Indicated Resources are estimated to be 47.7 million tonnes at an average grade [...]
VANCOUVER, BC, Oct. 9, 2024 /CNW/ - The following issues have been halted by CIRO Company: Lara Exploration Ltd. TSX-Venture Symbol: LRA All Issues: Yes Reason: Pending News Halt Time : 8:25 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization [...]
Lara Exploration Ltd. is pleased to announce that it has completed the sale of its Curionópolis Iron Project to Ferrous Technology Mineração Limitada , for approximately US$2m. Lara retains a 3% gross sales royalty on any production, with minimum advance royalties of US$150,000 per year payable if production hasn't started within three years. The Curionópolis Iron Project comprises a 1,226-hectare license area, covering [...]
Lara Exploration Ltd. is pleased to report completion of the expenditures required to increase its ownership interest in the Mantaro Phosphate Project from 33% to 70%. As part of its operational strategy, Lara has established a new subsidiary, Fosfatos Alli Allpa, as the vehicle to advance further exploration, technical studies, and the eventual development. Named for its significance in the local Quechua language as [...]