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Lode Resources Ltd (ASX:LDR)

ALERT: Price-sensitive ASX Announcement for LDR
Current share price for LDR : $0.086 -0.014 (-14%)+
Announcement
Release
23 Jun 2026 8:15AM
Price at Release
$0.100
Full Release
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Summary
The document outlines the results of initial drilling at Lode Resources Ltd's Rock Abbey prospect, which revealed high-grade antimony intercepts. The geological characteristics of the Rock Abbey lode, including a distinctive alteration halo, are described as analogous to the nearby Magwood mine. This similarity suggests that the shallow intercepts at Rock Abbey might only represent the upper part of a much larger mineralised system. Lode Resources Ltd intends to conduct further drilling to explore deeper antimony targets, as both Rock Abbey and Magwood are thought to be situated on the same extensive geological structure.
Key Points
  • Initial reverse circulation drilling at Rock Abbey resulted in high-grade intercepts over a 100m strike.
  • The Rock Abbey prospect's antimony lode has a distinct silica/sericite alteration halo.
  • The geology at Rock Abbey is similar to that at Magwood, suggesting a larger mineralised system.
  • Lode Resources Ltd plans deeper drilling below the current 40m depth at Rock Abbey.
  • The Rock Abbey and Magwood prospects are believed to be on the same regional structure.
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.