Lara Exploration Ltd. , proposes to extend the expiry date of 2,000,000 common share purchase warrants that were issued pursuant to the Company's March 26, 2019 private placement. The Warrants are exercisable into common shares of the Company at an exercise price of $0.70 per common share and due to expire on March 26, 2021. The Company will seek acceptance from the TSX Venture Exchange to extend the term of the Warrants [...]
Lara Exploration Ltd. , is pleased to report that during the ramp-up phase between July and December 2020 the Celesta Copper Mine shipped 1,195 dry metric tonnes of concentrate, containing 457 tonnes of copper metal and 1,286 ounces of gold. The plant has so far achieved a maximum processing rate of 350 tonnes per day, below the targeted 500 tonnes per day commercial production as defined in the contract with Lara [...]
Lara Exploration Ltd., is pleased to report that London-listed miner, Hochschild Mining plc., has included new drill results from Lara's Corina Gold Project in its Q4-2020 Production Report that was released this morning. Lara has requested a copy of the data and will report a full set of results as soon as possible. Hochschild has the option to purchase the Corina Project from Lara by making staged cash payments [...]
Lara Exploration Ltd. , is pleased to report that it has signed an option agreement with Mineração Tariana Ltda. , a subsidiary of Anglo American do Brasil Ltda., to acquire an exploration licence adjacent to the Company's Planalto Copper Project in the Carajás Mineral Province of northern Brazil. The license is being acquired by Lara's subsidiary Planalto Mineração Ltda. , and will form part of the company's staged [...]
Lara Exploration Ltd., announces that pursuant to the Company's stock option plan, 1,565,000 incentive stock options exercisable at $0.76 per share for a period of five years have been granted to directors, officers, management company employees and consultants of the Company. About Lara Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution [...]
Lara Exploration Ltd. , is pleased to provide an update on permitting and report the restart of production at the Bifox Phosphate Project, located near the town of Copiapó, in Atacama desert of northern Chile. Since settling environmental infractions and fines, inherited from the vendors, at the start of 2020 , Bifox Ltd. , has been working to reinstate its permits and resume operations. Production was delayed due to the [...]
Lara Exploration Ltd., is pleased to report that it has completed an agreement to sell its Fofoca South Gold Prospect, in the Tapajos Region of northern Brazil, to London-listed Serabi Gold plc. , for US$100,000 in cash and a 2% Net Smelter Return Royalty . Fofoca South is close to and partially adjacent to the main block of tenements held by Serabi in the Tapajos Region and 4 km to the northwest of Serabi's São Chico [...]
Lara Exploration Ltd. , is pleased to report that it has, with partner Global Battery Metals Ltd. , signed an Option and Royalty Agreement for the sale of the Lara Copper Project for US$5.75 million and a 1.5% NSR royalty to Minsur S.A. . Minsur is a Peruvian tin and gold miner that is in the late stages of building the US$1.6 billion capex Mina Justa open pit copper mine near Marcona, in the same district as the Lara [...]
Lara Exploration Ltd. , is pleased to report that mining and processing has started at its Celesta Copper Project, located near the town of Curionópolis, in the Carajás Mineral Province, Pará State, northern Brazil, with first concentrates due to be shipped in early August. Lara owns a 2% net smelter returns royalty on the project and a 5% carried equity interest in the operating company Celesta Mineração S.A. , which is [...]
Lara Exploration Ltd. , is pleased to report further drilling results for the Homestead target at its Planalto Copper Project in the Carajás Mineral Province of northern Brazil. Extensions of the copper-gold mineralization have been intersected to the west and northwest of the mineralized zone outlined by the drill campaign of mid-2019 . Another hole drilled to the east of the previously known mineralization intersected a [...]
Lara Exploration Ltd. , is pleased to report that Bifox Ltd. , has advised the Company that it has now completed agreements with the Chilean Government to settle outstanding environmental infractions and fines incurred by the vendors and lift the embargo on mining and processing at the Bifox Phosphate Project, located near the town of Copiapó, in Atacama desert of northern Chile. Bifox has also begun the [...]
Lara Exploration Ltd. , is pleased to provide a progress update on its Celesta Copper Project , located near the town of Curionópolis, in the Carajás Mineral Province, Pará State, northern Brazil. Development work in recent months has been focused on dewatering and a cutback of the Osmar pit and stripping to access the mineralized material . This work is expected to be completed by year end in [...]
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