The same team that secured Latin Resources (ASX:LRS) a takeover offer at a nearly 60% premium is now hoping to steer junior explorer Solis Minerals (ASX:SLM) to similar success.
Much larger producer Pilbara Minerals (ASX:PLS) completed its $600 million takeover of Latin Resources in February this year.
Now the founder of Latin Resources, Chris Gale, and the company’s former Chief Financial Officer Mitch Thomas are at the helm of another South America-focused explorer.
While Latin Resources was focused on its Salinas Lithium Project in Brazil, Solis is looking to unlock the potential of its copper ground in Peru.
“Akin to the success that Chris Gale and I had at Latin Resources, we want to bring a greenfield exploration project to development,” Thomas tells Mining.com.au.
“We recently exited Latin Resources to Pilbara Minerals for $600 million at the time of announcement. We feel we can replicate this pathway and deliver large returns for shareholders and stakeholders.”
