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Lode Resources Ltd (ASX:LDR)

ALERT: Price-sensitive ASX Announcement for LDR
Current share price for LDR : $0.084 -0.036 (-30%)+
Announcement
Release
30 Apr 2026 1:27PM
Price at Release
$0.120
Full Release
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Summary
During the March quarter of 2026, Lode Resources Ltd strengthened its leadership team by appointing Keith Mayes as Managing Director, focusing on the Montezuma Silver-Antimony Project and overall company management, while Ted Leschke transitioned to Executive Director - Exploration. The company raised $4.5 million through a share placement to fund key projects. Significant drilling results at the Montezuma Silver & Antimony Project showed strong mineralization, with assays up to 2,876 g/t AgEq. Lode also expanded its exploration footprint in Tasmania, with new licenses doubling its coverage, allowing for accelerated exploration. In the Greater Montezuma Project, high-grade silver, antimony, and copper mineralization were confirmed at Blocks East, which shares similarities with other projects in Lode’s portfolio.
Key Points
  • Appointment of Keith Mayes as Managing Director and Ted Leschke as Executive Director - Exploration.
  • Raised $4.5 million through a placement of shares.
  • Montezuma Silver & Antimony Project shows strong mineralization with high assay results.
  • Expansion of exploration footprint in Tasmania by securing new licenses.
  • Ongoing fieldwork at Blocks East reveals high-grade silver, antimony, and copper mineralization.
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.