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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.018 -0.007 (-28%)+
Announcement
Release
2 Jul 2026 8:25AM
Price at Release
$0.025
Full Release
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Summary
Lion Rock Minerals Limited is advancing its efforts to explore and evaluate a high-grade rutile mineralized corridor. The company has reported several drilling results indicating significant rutile mineralization in heavy mineral deposits, with key locations showing rutile content ranging from 5.7% to 10.8%. These findings underscore the potential for economically viable extraction of rutile, prompting ongoing assessments and resource estimation efforts by the company.
Key Points
  • Lion Rock Minerals Limited (LRM) is focusing on the development of a high-grade rutile mineralized corridor.
  • The company has identified significant intercepts of rutile mineralization in heavy mineral (HM) deposits.
  • Key locations include areas like LM0067, LM0027, and MB0156 with varying percentages of rutile from 5.7% to 10.8%.
  • The exploration and drilling results highlight the potential for economically viable rutile extraction.
  • LRM continues to assess and expand its understanding of the mineral deposits to enhance resource estimation.
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.