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Loyal Metals Ltd (ASX:LLM)

ALERT: Price-sensitive ASX Announcement for LLM
Current share price for LLM : $0.430 0.16 (59.26%)+
Announcement
Release
7 Apr 2026 1:56PM
Price at Release
$0.270
Full Release
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Summary
Loyal Metals Ltd announced positive assay results from their Highway Reward Copper-Gold Project in Queensland. The third drillhole, 25HRDD003, confirmed a substantial and continuous Copper-Gold-Silver VHMS system with a significant intercept of 179 meters at 1.47% CuEq. This discovery, which includes various high-grade sections, supports the presence of a large-scale, bulk-style mineralised system beneath the eastern wall of the historic pit. The results are consistent with earlier high-density gravity surveys and suggest a vertically extensive sulphide system, presenting a marked departure from the narrow-lens mining model historically pursued. With considerable funding secured, Loyal Metals is poised to advance exploratory and drilling activities to further delineate these high-priority copper-gold targets.
Key Points
  • Loyal Metals Ltd confirmed a large Copper-Gold-Silver VHMS system at the Highway Reward project.
  • Drillhole 25HRDD003 intersected 179m at 1.47% CuEq, including higher-grade zones.
  • The drilling results indicate a large-scale, bulk-style mineralised system.
  • Results align with recent high-density gravity surveys indicating an extensive sulphide system.
  • Loyal Metals has $5.6 million in funding to further explore high-priority targets.
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.