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Lanthanein Resources Ltd (ASX:LNR)

ALERT: Price-sensitive ASX Announcement for LNR
Current share price for LNR : $0.067 0.066 (6,600%)+
Announcement
Release
25 Jul 2025 8:26AM
Price at Release
$0.001
Full Release
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Summary
Lanthanein Resources Ltd (LNR) released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the quarter ended December 31, 2023. During the period, the company focused on exploration activities at its rare earth and critical minerals projects in Western Australia and South Australia. Key developments included ongoing drilling and sampling at the Lyons and Gascoyne projects, soil geochemistry and reconnaissance at the Murraydium and Calyerup Creek projects, and continued engagement with traditional owners and stakeholders. The company reported cash outflows related to these exploration activities, with a cash balance at the end of the quarter deemed sufficient for ongoing operations. No mining production or development took place, and the company did not enter into any new tenement acquisitions or disposals. The report also highlighted no significant environmental or community issues, confirmed no payments to related parties except for standard director fees, and stated Lanthanein's commitment to advancing its exploration portfolio through systematic and responsible exploration.
Key Points
  • Exploration focus remained on rare earth and critical minerals projects in Western Australia and South Australia.
  • Drilling and sampling programs were ongoing at Lyons and Gascoyne projects.
  • Soil geochemistry and reconnaissance activities continued at Murraydium and Calyerup Creek projects.
  • Engagement with traditional owners and stakeholders was ongoing.
  • Cash outflows were primarily related to exploration and project administration.
  • No mining production or development activities occurred during the quarter.
  • No new tenement acquisitions or disposals were made.
  • Cash balance at the end of the quarter was sufficient to support ongoing operations.
  • No significant environmental or community issues were reported.
  • Payments to related parties were limited to director fees.
  • Commitment to responsible exploration and systematic advancement of the project portfolio.
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.