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Lode Resources Ltd ( (AU:LDR) ) has shared an announcement.
Lode Resources reported a strong December quarter driven by high-grade drilling results from its Montezuma Silver & Antimony Project in Tasmania, where ongoing drilling has intersected multiple zones of significant silver and antimony mineralisation, with supporting gold, tin, copper and lead values. Assays from 35 of 39 holes drilled to date show numerous high-grade intervals, reinforcing Montezuma’s potential scale as mineralised structures remain open in all directions, while Lode plans a further 8,000 metres of drilling, completed the sale of its Webbs Consol Silver Project for a mix of cash, shares and a royalty, strengthened its board with the appointment of experienced mining executive Simon Milroy, and prepared to commence new exploration programs at Granville, Silver Cliffs and the Uralla gold project in the March quarter.
The most recent analyst rating on (AU:LDR) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Lode Resources Ltd stock, see the AU:LDR Stock Forecast page.
More about Lode Resources Ltd
Lode Resources Ltd is an Australian exploration company focused on precious and base metals, including silver, antimony, gold and tin, with key projects in Tasmania’s West Coast Mining Province and New South Wales. The company is advancing a portfolio of high-grade prospects, notably the Montezuma Silver & Antimony Project, alongside other assets such as the Uralla gold project and exploration targets at Granville and Silver Cliffs.
Average Trading Volume: 409,920
Technical Sentiment Signal: Buy
Current Market Cap: A$37.75M
For detailed information about LDR stock, go to TipRanks’ Stock Analysis page.