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Peak Minerals ( (AU:LRM) ) just unveiled an update.
Lion Rock Minerals reported continued progress at its Minta Rutile & Monazite Project in Cameroon during the March quarter, with further high-grade rutile and heavy mineral results and confirmation of a substantial monazite-enriched granite source at Minta Est. The company completed hundreds of infill and expansion drill holes across residual and alluvial targets, advancing towards a maiden mineral resource estimate in the second half of 2026.
The identification of coarse monazite crystals and a high-value mix of monazite, xenotime and zircon coincident with rutile zones enhances the project’s potential value and de-risks the geological model. Commissioning of an in-country laboratory in Yaoundé with heavy-liquid separation capability is expected to speed assay turnaround, supporting accelerated drilling and resource definition across the more than 5,000 square kilometre project area.
More about Peak Minerals
Lion Rock Minerals Limited is an Australian Securities Exchange-listed explorer focused on rutile and heavy mineral sands, with a key development focus on the Minta Rutile & Monazite Project in Cameroon. The company is targeting both residual and alluvial mineralisation over a large district-scale footprint, aiming to unlock high-value rutile and rare earth-bearing monazite resources for global markets.
YTD Price Performance: -25.00%
Average Trading Volume: 1,948,648
Technical Sentiment Signal: Sell
Current Market Cap: A$74.84M
Find detailed analytics on LRM stock on TipRanks’ Stock Analysis page.