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Lode Resources Ltd (ASX:LDR)

ALERT: Price-sensitive ASX Announcement for LDR
Current share price for LDR : $0.100 0.01 (11.11%)+
Announcement
Release
1 Jul 2026 11:11AM
Price at Release
$0.090
Full Release
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Summary
Lode Resources Ltd has announced significant exploration drilling results from its 100% owned Uralla Gold Project in northern New South Wales. The project, covering over 300 km², has confirmed broad gold mineralisation across several prospects, aligning with the characteristics of an Intrusive Related Gold System (IRGS). Recent drilling has yielded 23 new gold intercepts, supporting the model of a large-tonnage mineralised intrusive stock at depth. Key drill holes have returned substantial gold grades, reinforcing the potential for large-scale gold deposits. These findings have provided further technical confirmation of the IRGS model, and Lode plans to continue exploration to further delineate the scope of the mineralisation.
Key Points
  • Lode Resources Ltd reports new exploration drilling results from the Uralla Gold Project.
  • The project is located in the New England Fold Belt, northern NSW, covering the historic Uralla Goldfield.
  • Drilling confirms broad gold mineralisation consistent with an Intrusive Related Gold System (IRGS).
  • 23 new gold mineralisation intercepts were identified across multiple prospects.
  • Key drill results include holes KTN018, KTN023, KTN027A, KTN025, and KTN021 with significant gold intercepts.
  • The project area exhibits large-tonnage potential with a mineralised intrusive stock at depth.
  • Exploration data suggests a circular geophysical feature, likely a mineralised intrusive body.
  • The systematic exploration adds technical confirmation of the IRGS model at Uralla.
  • Further exploration and drilling are planned to expand understanding and define the scale of mineralisation.
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.