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- Latin Resources (LRS) teams up with CRC CARE with an aim to reduce methane emissions using halloysite from the Cloud Nine deposit in WA
- The $3.2 million research and development project is expected to take about three years and will commence early next year
- The parties will use the halloysite to develop material-based emission reduction technologies, including feed supplements for cattle
- As the market opens this morning, Latin is up 2.33 per cent and is trading at 4.4 cents per share
Latin Resources (LRS) has teamed up with CRC CARE to research and develop emission reduction technologies, utilising the company’s halloysite mineral from the Cloud Nine deposit in WA.
CRC CARE works with end users to perform research, develop technologies and provide policy guidance for assessing, cleaning up and preventing contamination of
soil, water and air. The business has previously worked with BHP, Rio Tinto and the Australian Department of Defence.
The $3.2 million project is expected to take about three years and will commence in January 2022.
Latin Resources intends to fund the project with existing cash, investments, research and development funding, and LRSOC options.
The project will focus on modifying Latin’s halloysite and kaolinite minerals to develop
material-based emission reduction technologies, this includes feed supplements for cattle, spreadable material and halloysite shale for inhibiting and adsorbing methane.
Farmers around the globe are under growing pressure to reduce methane gas emissions from their cows. Despite culling their cattle, impacting the industry, a research into organic feed supplements may be the answer.
Latin is aiming to help produce these feed supplements via this current research project with CRC CARE.
Latin Resources’ Executive Director, Chris Gale, said greenhouse gases, such as methane and carbon dioxide is an increasingly important issue for governments and communities around the world.
“The potential for our Cloud Nine halloysite to be part of the suite of global solutions is significant,” Mr Gale said.
“We are exceptionally excited by the commercial potential of the CRC R&D opportunity.
Whilst the CRC CARE research project will investigate a range of potential uses, the reduction in methane emissions from cattle stands out as one where Australian commodities and technology advances could have a global impact.”
As the market opens this morning, Latin was up 2.33 per cent and is trading at 4.4 cents per share at 10:04 am AEDT.
