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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.020 -0.016 (-44.44%)+
Announcement
Release
12 Dec 2025 9:54AM
Price at Release
$0.036
Full Release
download
Summary
Lion Rock Minerals Limited responded to an ASX price and volume query related to an unusual spike in their securities' trading activities. The company was asked to clarify if any unannounced information could have contributed to the trading changes. Lion Rock confirmed they had results from minerology and heavy mineral assessments at their Minta Project, which were under verification and thus not yet disclosed to the market. They also reported a trading halt due to the inability to release information immediately, ensuring compliance with ASX Listing Rules. Additionally, a related announcement by Tronox Holdings concerning potential financing for rare-earth projects might have impacted trading. Lion Rock assured their compliance and transparency by releasing the results alongside their ASX response.
Key Points
  • ASX issued a price and volume query to Lion Rock Minerals (LRM) following a significant increase in their securities' trading price and volume.
  • ASX sought confirmation from LRM regarding any unannounced information that might explain the recent trading activities.
  • LRM acknowledged possession of minerology analysis and Heavy Mineral (HM) results from their Minta Project, which were not yet market-ready due to ongoing verification processes.
  • LRM confirmed compliance with ASX Listing Rules and maintained confidentiality under Listing Rule 3.1A.
  • A trading halt was implemented by LRM due to the inability to immediately release the information while under ASX's price query.
  • Tronox Holdings plc's announcement regarding potential financing for rare-earth supply chain projects may have influenced LRM's securities trading.
  • LRM released relevant results concurrent with their response to the ASX query to ensure transparency and compliance.
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.