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Lithium Plus Minerals Ltd (ASX:LPM)

ALERT: Price-sensitive ASX Announcement for LPM
Current share price for LPM : $0.115 -0.005 (-4.17%)+
Announcement
Release
31 Oct 2025 5:28PM
Price at Release
$0.120
Full Release
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Summary
Lithium Plus Minerals Limited (ASX: LPM) has released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ended 30 September 2025. Key highlights include the granting of the mining lease for the Lei Lithium Project, located near Darwin, which strengthens the company's position with an estimated resource of 4.09 million tonnes at 1.43% Li2O. The company reported a cash balance of $2.432 million with no debt. The report outlines expenditures on exploration activities and a focus on achieving regulatory and environmental milestones to advance the Lei Development into production. Additionally, the company maintains interests in several projects across the Northern Territory and is involved in the IPO process for its subsidiary, Moonlight Resources Ltd.
Key Points
  • Mining lease granted for Lei Lithium Project.
  • Cash balance of $2.432 million at the end of the quarter.
  • Expenditure of $189,000 on exploration activities.
  • Net cash used in operating activities was $585,000.
  • The Mineral Resource Estimate for Lei is 4.09 Mt at 1.43% Li2O.
  • Focus on advancing Lei Development into production.
  • Priority offer for LPM shareholders in Moonlight Resources IPO.
  • No financing activities during the quarter.
  • Environmental referral lodged and approved for Lei Project.
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.