Key facts
| Company | Lara Exploration Ltd. (TSXV: LRA) |
|---|---|
| Commodity | Copper |
| Location | Brazil |
| Stage | Early exploration |
News releases11 on file
Lara Exploration Announces 14,000 Metre Validation Drilling Program Underway at the Planalto Project
Seven diamond drill rigs are operating at the 100%-owned Planalto copper-gold project in the Carajás district of northern Brazil on a 14,000 metre program to validate the geological-mineralization model used in the 2024 MRE and 2025 PEA. Twenty-nine holes totalling 10,186 metres are complete on the Homestead-Cupuzeiro trend and four holes totalling 761 metres on the Silica Cap trend. Infill drilli
Drill resultsLara Exploration Completes Brokered Offering and Non-Brokered Offering for Aggregate Proceeds of C$33,750,000
A brokered and concurrent non-brokered private placement closed for aggregate proceeds of C$33,750,000 through the issuance of 11,250,000 common shares at C$3.00 per share. Atalaya Mining Copper S.A. subscribed for 4,500,000 shares for C$13,500,000, representing about 7.3% of Lara's outstanding shares after closing, and insiders took 515,000 shares. Net proceeds will advance the 100%-owned Planalt
FinancingLara Exploration to Raise up to an Aggregate of C$33,750,000 pursuant to a C$20,250,000 Brokered Private Placement and a Concurrent C$13,500,000 Non-Brokered Private Placement
Up to C$33,750,000 will be raised through two concurrent placements: a best-efforts brokered private placement of up to 6,750,000 common shares at C$3.00 per share for up to C$20,250,000, led by SCP Resource Finance LP, and a non-brokered placement of up to 4,500,000 shares at the same price for up to C$13,500,000. Agents receive a 6% cash fee, reduced to 0% for insider purchasers. Closing is expe
FinancingLara Exploration Announces Filing of the Preliminary Economic Assessment for its Planalto Copper-Gold Project in Brazil
An NI 43-101 technical report supporting the Preliminary Economic Assessment for the 100%-owned Planalto Copper-Gold Project in the Carajás district, Pará State, Brazil, has been filed, dated November 14, 2025 with an effective date of October 15, 2025 and authored by SRK. The PEA outlines an after-tax NPV of US$378 million at an 8% discount rate, a 21% IRR, 3.5-year payback, initial capex of US$5
Study resultsLara Reports Results of Preliminary Economic Assessment for its Planalto Copper-Gold Project
A preliminary economic assessment on the 100%-owned Planalto copper-gold project in the Carajás district, Pará State, Brazil, returned an after-tax NPV of US$378 million at an 8% discount rate, a 21% IRR and a 3.5-year post-tax payback, using US$9,500/t copper and US$2,500/oz gold. Initial capital is US$546 million with US$170 million sustaining, and LoM AISC of US$5,920/t Cu payable. Open-pit min
Study resultsLara Signs Agreement to Acquire License Adjacent to its Planalto Project
A purchase and sale agreement has been signed with Atlantica do Brasil Mineração to acquire a 345-hectare exploration license adjacent to and along strike from Lara's Planalto Copper-Gold Project in Brazil's Carajás Mineral Province. Lara will pay CAD$375,000 in shares on TSX Venture acceptance, plus success fees of US$0.06/lb of copper in Measured and Indicated Resources by December 2027 and 2028
AcquisitionLara Raises $3.085 Million From Accelerated Exercise of 2022 Warrants
A total of 3,085,943 warrants, including 9,000 broker warrants, were exercised for gross proceeds of C$3,085,943, with the remaining 760 broker warrants expiring at 3:00 p.m. Vancouver time on November 26, 2024. Proceeds will primarily fund development of the Planalto Copper-Gold Project in Brazil, plus general corporate and working capital purposes. Lara Exploration now has 49,434,772 shares outs
FinancingLara Exploration Announces Warrant Expiry Acceleration
The expiry of outstanding common share purchase warrants and broker warrants exercisable at C$1.00 per common share, issued under a non-brokered private placement that closed on June 17, 2022, has been accelerated to 3:00 p.m. PST on November 26, 2024, following a 10-trading-day acceleration period ended October 25, 2024. As of October 24, 2024, 2,650,933 warrants (including 9,760 broker warrants)
CorporateLara Exploration Announces Filing of Technical Report for Previously Announced Maiden Copper-Gold Resource for the Planalto Project, Brazil
An NI 43-101 technical report supporting the maiden mineral resource at the 100%-owned Planalto copper-gold project in the Carajás Mineral Province, Pará, Brazil has been filed on SEDAR+, dated September 5, 2024 with an effective date of July 3, 2024. Indicated Resources total 47.7 Mt at 0.53% Cu and 0.06 g/t Au (0.56% CuEq), with Inferred Resources of 154 Mt at 0.36% Cu and 0.04 g/t Au (0.38% CuE
NewsLara Reports Maiden Copper-Gold Resource for the Planalto Project, Brazil
An initial mineral resource estimate for the 100%-owned Planalto copper-gold project in the Carajás Mineral Province, northern Brazil, prepared by GE21, reports Indicated Resources of 47.7 Mt at 0.53% Cu and 0.06 g/t Au (0.56% CuEq), containing 253 thousand tonnes Cu, and Inferred Resources of 154 Mt at 0.36% Cu and 0.04 g/t Au (0.38% CuEq), containing 549 thousand tonnes Cu. Resources are reporte
Resource updateLara Announces Board and Management Changes
Simon Ingram has been appointed President, CEO and a Director of Lara Exploration, with Miles Thompson remaining as Chairman. Ingram was a co-founder of Reservoir Capital and Reservoir Minerals and holds a B.Sc. and Ph.D. from Cardiff University. He was granted 400,000 incentive stock options exercisable at $0.54 per share for five years. Lara stated the Planalto Copper-Gold discovery in the Caraj
Management