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LE Minerals Limited (ASX:LEL)
ALERT: Price-sensitive ASX Announcement for LEL
Current share price for LEL : $0.315 -0.01 (-3.08%)+
Release
29 Jul 2026 8:27AM
Price at Release
$0.325
Full Release
Summary
LE Minerals Limited has announced further assay results from their Burke-Mt Dromedary Graphite Projects in Queensland. The in-fill resource development drilling program, completed in June 2026, involved 47 reverse circulation (RC) holes and 5 diamond holes, totaling over 5,877 meters. The results confirm significant high-grade graphite intersections, with notable thicknesses and total graphitic carbon (TGC) percentages, indicating a robust graphite mineralization in the area. The drilling aimed to delineate a combined upgraded JORC Indicated and Inferred Mineral Resource across the Burke and Mt Dromedary tenements. The company also mentions a proposed sale of the graphite projects to M Battery Materials Limited, reflecting a strategic shift. The assays have now been completed for several drill holes, enhancing the resource confidence and providing a foundation for future feasibility studies and potential developments in the graphite sector.
Key Points
- Completion of in-fill drilling program in June 2026.
- 47 RC holes and 5 diamond holes drilled.
- Significant graphite intersections encountered.
- High-grade graphite mineralization confirmed.
- Proposed sale of graphite projects to M Battery Materials Limited.
- Resource confidence enhancement through assay results.
- Strategic shift towards feasibility studies.
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.
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