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Lode Resources Ltd ( (AU:LDR) ) has issued an announcement.
Lode Resources Ltd has announced the advancement of its Magwood Antimony Project in New England Fold Belt, NSW, with plans to commence a 15-hole diamond drilling program. This project, along with the ongoing Montezuma Antimony Project in Tasmania, positions Lode as a significant player in the antimony market. The Magwood site, historically a major antimony producer, has never been drilled, presenting new opportunities for exploration and potential gold findings. This development aligns with the company’s strategic focus on critical minerals, promising steady news flow and potential growth for stakeholders.
More about Lode Resources Ltd
Lode Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of antimony projects. Its primary products are antimony and potentially gold, with a market focus on critical minerals in alignment with the NSW Government’s strategy.
Average Trading Volume: 682,954
Technical Sentiment Signal: Buy
Current Market Cap: A$19.41M
See more data about LDR stock on TipRanks’ Stock Analysis page.