InvestSMART

LE Minerals Limited (ASX:LEL)

ALERT: Price-sensitive ASX Announcement for LEL
Current share price for LEL : $0.320 -0.06 (-15.79%)+
Announcement
Release
9 Jun 2026 7:09PM
Price at Release
$0.380
Full Release
download
Summary
LE Minerals Limited provided an update on the Sandy Creek Prospect, located within the Capricorn Project in Central Queensland. The report details the exploration activities, which include rock chip sampling and reverse circulation (RC) drilling. Notably, hole SCK0001 was drilled under a gossanous surface rock chip, with samples being securely transported for analysis. The exploration results indicated no significant assay results, though geological logging noted localized chlorite and haematite alteration. The project, held in joint venture with GBM Resources Limited, is situated in a region known for significant copper-gold-base metal mineralization. Future work plans were outlined, although no audits or reviews of sampling techniques have been conducted yet.
Key Points
  • Sandy Creek Prospect is part of the Capricorn Project in Central Queensland.
  • Exploration activities include surface rock chip sampling and RC drilling.
  • No significant assay results were found in recent drilling.
  • The area is known for copper-gold-base metal mineralization.
  • LE Minerals Limited holds a 51% interest in the project.
  • Future work includes further exploration planning.
  • No reviews or audits of sampling techniques conducted yet.
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.