The Curionópolis Iron Project comprises a 1,226-hectare license area, covering iron formations located in the Carajás Mining Province of northern Brazil. To date 8,727 meters of diamond drilling, in 96 holes, have been completed, along with resource estimates and a preliminary economic assessment to
October 1, 2024 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara”) is pleased to announce that it has
completed the sale of its Curionópolis Iron Project to Ferrous Technology Mineração Limitada (“Fertec”),
for approximately US$2m. Lara retains a 3% gross sales royalty on any production, with minimum advance
royalties of US$150,000 per year payable if production hasn’t started within three years.
The Curionópolis Iron Project comprises a 1,226-hectare license area, covering iron formations located in
the Carajás Mining Province of northern Brazil. To date 8,727 meters of diamond drilling, in 96 holes, have
been completed, along with resource estimates and a preliminary economic assessment to Brazilian
standards. Fertec is advancing environmental studies and has filed an application for a pilot mining license.
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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Lara Completes Sale of the Curionópolis Iron Project
TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC, Canada
V6C 1X8
www.laraexploration.com
T: 604.669.8777
F: 604.688.1157
News Release