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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.022 -0.022 (-50%)+
Announcement
Release
29 Oct 2025 9:26AM
Price at Release
$0.044
Full Release
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Summary
Lion Rock Minerals Limited has announced exceptional results from the Minta Monazite and Rutile Project in Cameroon, with insitu rutile grades reaching up to 2.2%. The reconnaissance drilling program across a 5,000 km2 area has identified high-value mineral assemblages with significant rutile, zircon, and monazite presence. These findings position the Minta Project as one of the largest undeveloped natural rutile systems globally. The company plans to commence an infill drilling program with a newly established in-country laboratory to expedite assay processing. Currently, 18 exploration permits are granted, covering approximately 8,800 km2. The exploration results underscore the strategic importance of the project, aimed at making Lion Rock a leading supplier of premium natural rutile and critical mineral sands.
Key Points
  • Insitu rutile grades up to 2.2% identified at the Minta Project.
  • Reconnaissance drilling covered over 5,000 km2, with results across 3,800 km2.
  • High-value mineral assemblages containing rutile, zircon, and monazite in the project area.
  • The Minta Project is positioned as a potentially world-class rutile system.
  • Lion Rock plans an infill drilling program and has established a laboratory in Cameroon.
  • The project comprises 18 granted exploration permits across approximately 8,800 km2.
  • Strategic importance due to its high-grade rutile and lack of need for downstream processing.
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.