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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.018 -0.004 (-18.18%)+
Announcement
Release
28 Apr 2026 8:35AM
Price at Release
$0.022
Full Release
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Summary
During the quarter ending March 31, 2026, Lion Rock Minerals Limited focused on advancing its Minta Rutile & Monazite Project in Cameroon. Significant progress was reported, including high-grade rutile and heavy mineral results with insitu rutile grades reaching up to 2.6%. The company completed extensive drilling with 299 holes over 1,281 meters at Minta Est, targeting a Mineral Resource Estimate in the latter half of 2026. Additionally, an in-country laboratory in Yaoundé was commissioned to expedite assay processing. The financial statements indicated a net cash outflow from operating activities of $1.489 million, with proceeds from financing activities contributing positively to the company's cash flow.
Key Points
  • High-grade rutile results up to 2.6% insitu rutile.
  • Completion of 299 drill holes for 1,281 meters.
  • In-country laboratory commissioned in Yaoundé.
  • Net cash outflow from operating activities of $1.489 million.
  • Financing activities contributed positively to cash flow.
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.