Lowell Resources Fund June 2024 Performance

Lowell Resources Fund (AU:LRT) has released an update.

Lowell Resources Fund reported a decrease in their estimated NAV from AUD$51.0m in May to AUD$46.6m in June 2024, with a pre-distribution NAV per unit finishing at $1.4344, down by 8.7%. The fund’s market capitalization was recorded at AUD$42.2m, with a unit market price of $1.30. Investment activities for the month included backing for the Ordell Minerals IPO, increased stakes in several mining and exploration companies, and an exit from Taruga Minerals.

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