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Lightning Minerals Ltd (ASX:L1M)

ALERT: Price-sensitive ASX Announcement for L1M
Current share price for L1M : $0.014 -0.001 (-6.67%)+
Announcement
Release
13 Jul 2026 8:28AM
Price at Release
$0.015
Full Release
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Summary
Lightning Minerals Ltd is advancing its exploration efforts at the Warby Project in North Queensland, emphasizing the discovery and development of tungsten resources. The company has initiated Phase 2 of its exploration program following positive results from an initial reconnaissance that highlighted high-grade tungsten mineralization. The new phase aims to further define the extent and continuity of the mineralized system using detailed geological mapping and sampling. This exploration is part of Lightning's broader strategy to expand its portfolio, which also includes the Mt Turner Gold Project, by leveraging its exposure to critical minerals in highly prospective geologic terrains. The program at Warby is expected to bolster the company's position in the tungsten sector, which is gaining importance due to its strategic value in defense and manufacturing.
Key Points
  • Phase 2 exploration program commenced at Warby Project.
  • Focus on defining tungsten mineralization.
  • Initial reconnaissance confirmed high-grade tungsten.
  • Approximately 100 samples to be collected.
  • Project complements Mt Turner Gold Project.
  • Part of broader strategy for critical minerals.
  • Increased focus due to strategic importance of tungsten.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.