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Lode Resources Ltd (ASX:LDR)

ALERT: Price-sensitive ASX Announcement for LDR
Current share price for LDR : $0.080 -0.035 (-30.43%)+
Announcement
Release
2 Jun 2026 11:44AM
Price at Release
$0.115
Full Release
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Summary
Lode Resources Ltd announced the discovery of a new silver-zinc mineralization system at the Montezuma project. The Montezuma deposit, located in Tasmania, Australia, is hosted within fissure veins along the Montezuma fault and features a significant open-ended mineralization with an 8.2 million ounce silver equivalent resource. The discovery, made in drill hole MZS42, revealed a new replacement style mineralization adjacent to the existing Montezuma silver-antimony lode. This finding offers potential for resource growth as it indicates mineralization remains open in all directions. The company plans to continue drilling to explore both the existing lode and the newly discovered mineralization, which could enhance the economic viability of the project.
Key Points
  • Discovery of new silver-zinc mineralization at Montezuma.
  • Montezuma deposit features open-ended mineralization.
  • 8.2 million ounce silver equivalent resource confirmed.
  • Replacement style mineralization found in drill hole MZS42.
  • Potential for resource growth with open mineralization.
  • Future drilling plans to explore both existing and new 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.