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LE Minerals Limited (ASX:LEL)

ALERT: Price-sensitive ASX Announcement for LEL
Current share price for LEL : $0.320 0.005 (1.59%)+
Announcement
Release
20 Jul 2026 8:24AM
Price at Release
$0.315
Full Release
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Summary
LE Minerals Limited has successfully completed airborne geophysical surveys, including Aeromagnetic, Radiometric, and Electromagnetic methods, over its Capricorn Gold-Copper Belt Project in Central Queensland. The data, collected by Thomson Airborne and SkyTEM, covers over 12,000 line-kilometres and is currently being processed with results expected by September 2026. The surveys aim to enhance exploration by identifying new prospects and verifying historical geophysical data. The project surrounds but does not include the historic Mt Morgan Mine and seeks to identify similar mineralisation styles.
Key Points
  • LE Minerals Limited has completed airborne geophysical surveys over the Capricorn Gold-Copper Belt Project.
  • The surveys included Aeromagnetic, Radiometric, and Electromagnetic methods.
  • Thomson Airborne conducted Aeromagnetic and Radiometric surveys totaling 11,257 line-kilometres.
  • SkyTEM conducted Electromagnetic surveys covering 917 line-kilometres.
  • The surveys aim to identify new exploration targets within the Capricorn Project.
  • Interpretation of datasets is expected to be completed by the end of September 2026.
  • The surveys are intended to support historical prospect verification and generate new geophysical anomalies.
  • LE Minerals plans to use additional geophysical exploration methods for further exploration.
  • The Capricorn Project does not include the Mt Morgan Mine but targets similar mineralisation styles.
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.