LE Minerals Limited (ASX:LEL)

ALERT: Price-sensitive ASX Announcement for LEL

Current share price for LEL : $0.310 0.01 (3.33%)⁺

Announcement

Airborne Geophysical Surveys at Capricorn Project

Release

21 May 2026 5:23PM

Price at Release

$0.300

Full Release

Summary

Lithium Energy Limited has commenced airborne geophysical surveys over the Capricorn Gold-Copper Belt Project in central Queensland. These surveys, comprising approximately 12,490 line kilometres, include a combination of fixed-wing and helicopter Aeromagnetic, Radiometric, and Electromagnetic surveys. The surveys aim to collect high-resolution data to verify historical prospects and identify new areas for gold and copper exploration. The data will be used to support further exploration decisions, potentially including a first-pass drilling program to explore for polymetallic deposits similar to those at the historic Mt Morgan Gold Mine.

Key Points

Airborne geophysical surveys have commenced over the Capricorn Project.
The survey includes 11,500 line kilometres of Aeromagnetic and Radiometric survey.
A ~890 line kilometre helicopter Electromagnetic survey will cover the Mt Morgan Gold Mine area.
High-resolution data will verify historical prospects and identify new exploration areas.
Surveys aim to discover polymetallic deposits similar to the Mt Morgan Gold Mine.
Lithium Energy focuses on exploring for high-grade polymetallic deposits.
Surveys cover most of the granted tenements around Mt Morgan Gold Mine.
Data processing and interpretation will support further exploration decisions.

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.