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Lode Resources Ltd ( (AU:LDR) ) has shared an update.
Lode Resources Ltd has completed the acquisition of the Montezuma Antimony Project in Tasmania’s West Coast Mining Province, significantly advancing its strategic goal to become a leading antimony producer amid global supply shortages and high prices. The company also reported successful drilling results at its Webbs Consol Silver Project in New South Wales, showcasing high-grade mineral deposits that could bolster its competitive edge. With a cash reserve of $4.58 million, Lode is well-funded for upcoming exploration and development activities, potentially enhancing its operational capabilities and market position.
More about Lode Resources Ltd
Lode Resources Ltd is a company focused on mineral exploration and development in Australia. The company is involved in the mining industry, primarily dealing with antimony, silver, and other precious and base metals. Their market focus includes strategic projects in Tasmania and New South Wales, aiming to capitalize on critical supply shortages and high prices in the antimony market.
YTD Price Performance: 5.56%
Average Trading Volume: 453,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.05M
For detailed information about LDR stock, go to TipRanks’ Stock Analysis page.
