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Lode Resources Ltd ( (AU:LDR) ) has shared an update.
Lode Resources reported a highly active March quarter, progressing its Montezuma Silver–Antimony Project in Tasmania toward a Pre-Feasibility Study and announcing a maiden JORC mineral resource of 480kt at 533 g/t AgEq, with 65% in the Indicated category, underscoring strong underground mining potential. The company also strengthened its leadership team, appointing a new managing director focused on project development and transitioning its co-founder to lead exploration.
Exploration momentum accelerated as Lode doubled its Tasmanian footprint to 250 km², made two new high-grade silver–antimony discoveries, and reported high tin grades at the North Valley prospect, highlighting district-scale potential. In New South Wales, the company advanced antimony and gold targets with new sampling and drilling programs at the New England Antimony and Uralla Gold projects, and it bolstered its balance sheet with a $4.5m capital raising to fund key value catalysts across its portfolio.
More about Lode Resources Ltd
Lode Resources Ltd is an Australian mineral exploration company focused on high-grade silver, antimony, gold and tin projects, primarily in Tasmania and New South Wales. The company is advancing its flagship Montezuma Silver–Antimony Project toward development while building a district-scale exploration portfolio across multiple precious and specialty metal prospects.
Average Trading Volume: 331,710
Technical Sentiment Signal: Sell
Current Market Cap: A$26.29M
See more data about LDR stock on TipRanks’ Stock Analysis page.