Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM

Current share price for LRM : $0.020 -0.005 (-20%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Jan 2026 4:45PM

Price at Release

$0.025

Full Release

Summary

Lion Rock Minerals Limited has reported its activities for the December 2025 quarter, highlighting advancements in its Minta Rutile & Monazite Project in Cameroon. The quarter showcased exceptional rutile grades and the commencement of a significant infill drilling program. Additionally, a strategic partnership with Tronox Holdings facilitated a $8.6 million investment to support exploration, laboratory development, and metallurgical planning. The company reported a net cash inflow from financing activities, maintaining a strong cash position to support future operations. The Appendix 5B report detailed cash flows indicating an increase in cash reserves to $8.543 million, ensuring funding availability for approximately 4.7 quarters.

Key Points

Exceptional rutile grades up to 2.2% and monazite enrichment in Cameroon.
A strategic $8.6 million investment partnership with Tronox Holdings.
Infill drilling of over 1,000 holes commenced at Minta Est.
In-country lab development in Yaoundé to improve assay turnaround.
Strong cash position with $8.543 million at the end of the quarter.
Estimated funding available for 4.7 quarters based on current cash flow.
Continued high-grade rutile and heavy mineral results.
Progression from reconnaissance to targeted infill drilling.

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.