Lara Completes Earn-In to 70% of the Mantaro Phosphate Project in Peru
Lara Exploration (TSXV: LRA) has completed the expenditures required to increase its ownership in the Mantaro Phosphate Project from 33% to 70%. The company has established a new subsidiary, Fosfatos Alli Allpa, to advance exploration, technical studies, and development. Lara is collaborating with the Peruvian National Institute of Agrarian Innovation (INIA) to study the effects of locally sourced phosphates on crop yields.
The Mantaro Phosphate Project, located in the Junín Region of Central Peru, contains extensive sedimentary phosphate layers suitable for surface extraction and production of marketable phosphate rock concentrates. The project benefits from its proximity to major transportation infrastructure, including a national highway, rail line, and the new Chancay mega-port.
Lara Exploration (TSXV: LRA) ha completato le spese necessarie per aumentare la sua partecipazione nel Progetto Fosfato Mantaro dal 33% al 70%. L'azienda ha istituito una nuova filiale, Fosfatos Alli Allpa, per avanzare nell'esplorazione, negli studi tecnici e nello sviluppo. Lara sta collaborando con l'Istituto Nazionale di Innovazione Agraria del Perù (INIA) per studiare gli effetti dei fosfati locali sui raccolti.
Il Progetto Fosfato Mantaro, situato nella Regione di Junín nel Centro del Perù, contiene ampie strati sedimentari di fosfato idonei per l'estrazione superficiale e la produzione di concentrazioni di fosfato commerciabili. Il progetto beneficia della sua vicinanza a importanti infrastrutture di trasporto, tra cui un'autostrada nazionale, una linea ferroviaria e il nuovo mega-porto di Chancay.
Lara Exploration (TSXV: LRA) ha completado los gastos necesarios para aumentar su propiedad en el Proyecto Fosfato Mantaro del 33% al 70%. La empresa ha establecido una nueva subsidiaria, Fosfatos Alli Allpa, para avanzar en la exploración, estudios técnicos y desarrollo. Lara está colaborando con el Instituto Nacional de Innovación Agraria del Perú (INIA) para estudiar los efectos de los fosfatos de origen local en los rendimientos de los cultivos.
El Proyecto Fosfato Mantaro, ubicado en la Región de Junín en el Centro de Perú, contiene extensas capas sedimentarias de fosfato adecuadas para la extracción superficial y la producción de concentrados de fosfato comercializables. El proyecto se beneficia de su proximidad a importantes infraestructuras de transporte, incluyendo una carretera nacional, una línea de tren y el nuevo mega-puerto de Chancay.
라라 탐사 (TSXV: LRA)는 만타로 인산염 프로젝트의 소유 지분을 33%에서 70%로 늘리기 위해 필요한 비용을 완료했습니다. 이 회사는 탐사, 기술 연구 및 개발을 진행하기 위해 새로운 자회사인 포스파토스 알리 알파(Fosfatos Alli Allpa)를 설립했습니다. 라라는 페루 농업 혁신 국가 연구소(INIA)와 협력하여 지역에서 조달한 인산염이 농작물 수확량에 미치는 영향을 연구하고 있습니다.
만타로 인산염 프로젝트는 페루 중앙의 후닌 지역에 위치하고 있으며, 표면 채굴 및 판매 가능한 인산염 바위 농축물 생산에 적합한 광범위한 퇴적성 인산염층을 포함하고 있습니다. 이 프로젝트는 주요 교통 인프라인 국도, 철도 및 새로운 창카이 메가항구와의 근접성 덕분에 이점을 누리고 있습니다.
Lara Exploration (TSXV: LRA) a achevé les dépenses nécessaires pour augmenter sa participation dans le Projet Phosphate Mantaro de 33 % à 70 %. L'entreprise a établi une nouvelle filiale, Fosfatos Alli Allpa, pour faire progresser l'exploration, les études techniques et le développement. Lara collabore avec l'Institut National d'Innovation Agrarienne du Pérou (INIA) pour étudier les effets des phosphates locaux sur les rendements des cultures.
Le Projet Phosphate Mantaro, situé dans la région de Junín au centre du Pérou, contient d'importantes couches de phosphate sédimentaire adaptées à l'extraction en surface et à la production de concentrés de phosphate commercialisables. Le projet bénéficie de sa proximité avec des infrastructures de transport importantes, y compris une autoroute nationale, une ligne de chemin de fer et le nouveau méga-port de Chancay.
Lara Exploration (TSXV: LRA) hat die erforderlichen Ausgaben abgeschlossen, um seinen Anteil am Mantaro-Phosphatprojekt von 33 % auf 70 % zu erhöhen. Das Unternehmen hat eine neue Tochtergesellschaft, Fosfatos Alli Allpa, gegründet, um die Exploration, technische Studien und die Entwicklung voranzutreiben. Lara arbeitet mit dem nationalen Agrarinnovationsinstitut Perus (INIA) zusammen, um die Auswirkungen von lokal bezogenen Phosphaten auf die Erträge der Ernte zu untersuchen.
Das Mantaro-Phosphatprojekt, das sich in der Region Junín im Zentrum Perus befindet, enthält umfangreiche sedimentäre Phosphatschichten, die sich für die Oberflächenförderung und die Produktion von verkaufsfähigen Phosphatgesteinskonzentraten eignen. Das Projekt profitiert von seiner Nähe zu wichtigen Verkehrsinfrastrukturen, einschließlich einer Nationalstraße, einer Eisenbahnlinie und dem neuen Mega-Hafen von Chancay.
- Increased ownership stake in Mantaro Phosphate Project from 33% to 70%
- Established new subsidiary Fosfatos Alli Allpa for project advancement
- Collaboration with INIA for agricultural studies using local phosphates
- Strategic location near major transportation infrastructure
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report completion of the expenditures required to increase its ownership interest in the Mantaro Phosphate Project from
"Lara remains committed to sustainable practices and proactive community engagement, as we seek to develop phosphate fertilizer production via Fosfatos Alli Allpa," commented Miles Thompson, Chairman of Lara Exploration Ltd.
Lara is working under a Research Collaboration Agreement with the Peruvian National Institute of Agrarian Innovation (INIA) with on-going studies, fertilizing soils on selected test plots near the project with crushed phosphate rock, to demonstrate potential improvements in crop yields through the application of locally sourced phosphates.
Located between the provinces of Jauja and Concepción in the Junín Region of Central Peru, the Mantaro Phosphate Project hosts thick and extensive layers of sedimentary phosphate. Previous exploration, including trenching, drilling, processing test work, and other technical studies, have identified phosphate mineralization that is suitable for surface extraction, beneficiation and production of marketable phosphate rock concentrates. The project was previously studied by Stonegate Agricom Ltd. (later acquired by Itafos Inc.), which published a NI 43-101 technical report ("Technical Report on the Mantaro Phosphate Deposit Junín District Peru" authored by Donald H. Hains and Michelle Stone of Hains Technology Associates) on SEDAR on March 16, 2010.
The project also benefits from its strategic location near the national highway and major rail line connecting Huancayo with Lima and the port of Callao, as well as the newly completed Chinese-operated mega-port of Chancay. The rail line is being upgraded to increase capacity and a new concession has recently been granted to extend it to Huancavelica. High tension transmission lines traverse the property's western side.
About Lara Exploration
Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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