Latin Resources Limited provided an update on the commencement of the 2022 site based exploration activities at the Cloud Nine HalloysiteKaolin deposit in Western Australia. Following a short break of the Christmas and New Year period, field activities at Cloud Nine have now recommenced. The Company is continuing to progress advanced metallurgical, mineral resource and other studies as part of its ongoing evaluation of the deposit, including preparation for a maiden core drilling campaign to collect metallurgical and geotechnical samples.

The Company has secured a specialised sonic drilling contractor with experience specific in coring kaolinised granite. A tenhole drilling program has been designed to provide sufficient core samples to conduct bulk density test work on a number of representative units across Cloud Nine, as well as providing additional core samples for ongoing detailed metallurgical test work. The final halloysite results via XRD analysis have been returned from the close spaced geostatistical cross drilling at the Company's 100% owned Cloud Nine HalloysiteKaolin Deposit near Merredin, Western Australia .

Drilling results once again, continue to demonstrate the consistent nature of the halloysite bearing material within the area tested at Cloud Nine and reinforces its position as a globally significant halloysite deposit. The Company has previously reported a JORC Inferred Mineral Resource of 207Mt of kaolinised granite at Cloud Nine, which includes separate domains containing 123Mt of brightwhite kaolinite and 84Mt of kaolin/halloysitebearing material. The last 13 drillholes to be analysed from the closespaced drilling, have returned consistent halloysite grades and thicknesses, further confirming the high quality of the area tested.

The recent results also confirmed the continued presence of two discreet zone of halloysite bearing material within the kaolinised granite clays. Exceptionally highgrade halloysite intersections, including 36% and 46% halloysite, were encountered within the broader zones. Significant results received from the southern portion of the Geostatistical Cross include: NBAC378: 6m @ 24% halloysite from 7m and 13m @ 18% halloysite from 21m NBAC380: 16m @ 27% halloysite from 14m NBAC381: 12m @16% halloysite from 19m Incl: 2m @ 28% halloysite from 21m NBAC382: 6m @ 26% halloysite from 14m Incl: 2m @ 36% halloysite from 16m NBAC383: 18m @ 26% halloysite from 7m Incl: 6m @ 46% halloysite from 17m NBAC388: 20m @ 13% halloysite from 8m NBAC389: 16m @ 12% halloysite from 8m.

A specialist drilling contractor has been engaged to complete approximately 400 metres of drilling using the sonic drilling technique, at representative locations within the Cloud Nine Mineral Resource area. The sonic drilling system has demonstrated elsewhere that it can provide competent core samples of kaolinised granite like that found within Cloud Nine. The core samples will be used to determine, a deposit specific, bulk density for the geological domains used in the current JORC Mineral Resource Estimate at Cloud Nine, along with providing additional samples material for the Company's ongoing metallurgical test work.

Drilling is scheduled to commence in late February 2022. Bulk samples required for studies by the Company's research partner, CRC CARE Pty Ltd. are currently being collected from drill samples on site. This will enable commencement of the highly specialised test work as part of the Company's collaboration with CRC CARE, in an effort to develop critical methane and other Green House Gas capture technology.

This collaboration between Latin and CRC CARE is a significant investment by the Company.