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Lightning Minerals Ltd. ( (AU:L1M) ) just unveiled an update.
Lightning Minerals Ltd has announced the resignation of Managing Director and CEO Alex Biggs, who has given three months’ notice under his employment agreement. The board has begun a search for a new CEO, with Biggs to remain in his role and assist with a smooth transition until a successor is appointed. Chairman David Vilensky emphasised that, despite the leadership change, the company remains focused on progressing its Mt Turner Gold Project in Queensland, where promising drilling results and a fully funded Phase 2 program underline the ongoing operational momentum for stakeholders.
The most recent analyst rating on (AU:L1M) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Lightning Minerals Ltd. stock, see the AU:L1M Stock Forecast page.
More about Lightning Minerals Ltd.
Lightning Minerals Ltd (ASX:L1M) is an Australian minerals exploration company with a key focus on its wholly owned Mt Turner Gold Project in Queensland, where drilling has identified a large-scale mineralised system. The company is advancing plans for a fully funded Phase 2 drilling program to further evaluate and develop this gold asset.
Average Trading Volume: 911,711
Technical Sentiment Signal: Sell
Current Market Cap: A$5.95M
For a thorough assessment of L1M stock, go to TipRanks’ Stock Analysis page.