InvestSMART

LE Minerals Limited (ASX:LEL)

ALERT: Price-sensitive ASX Announcement for LEL
Current share price for LEL : $0.320 -0.015 (-4.48%)+
Announcement
Release
27 May 2026 10:36AM
Price at Release
$0.335
Full Release
download
Summary
Lithium Energy Limited (LEL) has announced an Exploration Target for infill drilling between the Burke and Mt Dromedary Graphite Deposits in Queensland, Australia. The drilling program aims to delineate a combined upgraded and expanded JORC Indicated and Inferred Mineral Resource. The Exploration Target is estimated at 23.2 to 46.5 million tonnes at a grade of 12-16% Total Graphitic Carbon (TGC), containing 2.8 to 7.4 Mt of graphite. The exploration program includes 44 reverse circulation (RC) holes and 5 diamond holes, with additional holes planned to complete by June 2026. The exploration and assay results are crucial for upgrading the mineral resource estimate, with the goal of expanding the company's high-grade graphite inventory, which already includes significant resources at the Burke and Mt Dromedary deposits.
Key Points
  • In-fill resource development drilling between Burke and Mt Dromedary Graphite Deposits.
  • Exploration Target estimated at 23.2-46.5 Mt at 12-16% TGC, containing 2.8-7.4 Mt graphite.
  • 44 RC holes and 5 diamond holes completed, with more to be finalized by June 2026.
  • Objective to upgrade and expand JORC Mineral Resource.
  • Existing high-grade graphite inventory includes significant resources at Burke and Mt Dromedary.
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.