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Lode Resources Ltd ( (AU:LDR) ) just unveiled an update.
Lode Resources has reported a maiden JORC 2012 mineral resource estimate for its 100%-owned Montezuma Silver & Antimony Project in Tasmania, outlining 480,000 tonnes at 533 grams per tonne silver equivalent for 8.2 million ounces of silver equivalent, with 65% of the resource in the Indicated category. The high-grade, structurally controlled system remains open along strike and at depth, is backed by strong preliminary metallurgical recoveries, and will underpin development studies, with ongoing drilling, broader district-scale exploration and a pre-feasibility study targeted by the end of 2026, positioning Montezuma as a potentially significant silver–antimony asset.
More about Lode Resources Ltd
Lode Resources Ltd is an Australian exploration company focused on precious and critical metals, with a key emphasis on high-grade silver and antimony. Its flagship Montezuma Silver & Antimony Project is located in Tasmania’s West Coast mining province, where the company is advancing narrow-vein underground mining opportunities supported by ongoing drilling and metallurgical studies.
Average Trading Volume: 358,525
Technical Sentiment Signal: Hold
Current Market Cap: A$27.68M
Learn more about LDR stock on TipRanks’ Stock Analysis page.