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The latest update is out from Lode Resources Ltd ( (AU:LDR) ).
Lode Resources has reported the discovery of extensive high-grade antimony and associated gold mineralisation at the Rock Abbey prospect, about 7km southwest of the historical Magwood Antimony Mine in New South Wales. Surface mapping and grab sampling have outlined stibnite-quartz breccia mineralisation over a 750m strike, with assays from mine dumps returning up to 37.7% antimony and notable gold values, suggesting geological analogies with the Hillgrove antimony-gold system.
The company is planning an initial 10–15 hole reverse circulation drill program at Rock Abbey, to commence after drilling at its Uralla Gold Project, leveraging the shallow historic workings for rapid drill testing. Together with ongoing drilling at the Montezuma Silver-Antimony Project and broader soil sampling across the New England Antimony corridor, the Rock Abbey discovery strengthens Lode’s antimony-focused portfolio and aligns its exploration strategy with New South Wales’ critical minerals priorities.
The most recent analyst rating on (AU:LDR) stock is a Hold with a A$0.21 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 mineral exploration company focused on critical and precious metals, including antimony, silver and gold. Its key projects include the New England Antimony Project in New South Wales, which incorporates the Magwood and Rock Abbey prospects, and the Montezuma Silver-Antimony Project in Tasmania’s West Coast mining province.
Average Trading Volume: 463,486
Technical Sentiment Signal: Buy
Current Market Cap: A$30.2M
Find detailed analytics on LDR stock on TipRanks’ Stock Analysis page.