Latin Resources (ASX:LRS) has released the results for the Colina Lithium Project’s preliminary economic assessment.

The combined results from phase 1 and 2 of a Preliminary Economic Assessment (PEA) projected a Life of Mine (LOM) revenue of A$12.6 billion over a span of 11 years of operation from Colina.

The Phase 1 capital expenditure is slated to be US$253 million, which will enable the delivery of first production by 2026 from Colina.

To achieve the range of outcomes indicated in the PEA, Latin Resources (ASX:LRS) anticipates funding on the order of US$250 million will likely be required.

Latin Resources (ASX:LRS) is a company specializing in the exploration and development of mineral resources.