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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.019 -0.003 (-11.63%)+
Announcement
Release
20 Jul 2026 8:43AM
Price at Release
$0.022
Full Release
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Summary
Lion Rock Minerals Limited has initiated a drilling campaign at the Minta Est project in Cameroon, targeting a monazite-rare earth element (REE) enriched system alongside a significant rutile province. This effort involves four exploration crews focusing on a 300 km² monazite-REE enriched granite terrain, with historical data showing high monazite assemblages and valuable rare-earth minerals like neodymium and praseodymium. The campaign aims to define high-grade monazite centers using a systematic Dormer drilling method focused on river traps and floodplains. Expedited assay results are anticipated in August 2026, and the project has garnered international attention, evidenced by a recent U.S. Embassy visit. Minta Est is positioned to offer critical mineral exposure, potentially contributing to global supply chains amidst growing demand for rare earths in technology and energy sectors.
Key Points
  • Drilling commenced at Minta Est for monazite-REE.
  • Targeting a 300 km² monazite-REE enriched system.
  • High historical monazite assemblages reported.
  • Focusing on river traps and floodplains.
  • Expedited assay results expected by August 2026.
  • U.S. Embassy visit highlights international interest.
  • Minta Est offers critical mineral supply potential.
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.