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Peak Minerals ( (AU:LRM) ) has issued an announcement.
Lion Rock Minerals has reported new reconnaissance drilling results from its Minta Project in Cameroon, confirming high-grade insitu rutile of up to 2.6% and intercepts including 4 metres at 1.8% across residual and alluvial targets. The latest assays outline a large rutile target over 24 kilometres of strike in the Ayong Yerap Basin, which sits alongside extensive residual rutile zones seen as key to the company’s resource growth.
High-grade alluvial mineralisation has been mapped over a basin up to 500 metres wide, with rutile making up to 81% of total heavy minerals in some samples, underscoring the potential for a valuable rutile‑monazite‑zircon mix. Lion Rock is expanding drill teams to six to accelerate Stage 2 infill drilling across 507 square kilometres and to test the 25 square kilometre Yong alluvial basin, with results intended to underpin a maiden mineral resource estimate planned for the second half of 2026.
More about Peak Minerals
Lion Rock Minerals Ltd, listed on the ASX under the ticker LRM, is a mineral exploration company focused on discovering and defining rutile and associated heavy mineral resources. The company’s Minta Project targets high-value rutile, zircon and monazite within large alluvial basins and residual zones across an extensive tenement package.
YTD Price Performance: -21.43%
Average Trading Volume: 2,368,639
Technical Sentiment Signal: Sell
Current Market Cap: A$78.41M
For an in-depth examination of LRM stock, go to TipRanks’ Overview page.