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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.016 -0.004 (-20%)+
Announcement
Release
29 Jul 2026 8:35AM
Price at Release
$0.020
Full Release
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Summary
Lion Rock Minerals Limited has entered a new phase of growth with the appointment of a new management team. The company is focusing on its Minta Monazite & Rutile Project in Cameroon, which has significant potential due to its high-grade monazite and rutile deposits. Recent exploration activities have confirmed the presence of substantial rutile mineralization, with some samples showing over 98% TiO2. The financial report shows a strong cash balance, bolstered by a $2 million strategic placement. The company is also working on its Kitongo and Lolo Uranium Projects in Cameroon, and the Yendon Kaolin Project in Australia, with ongoing exploration and evaluation activities. The June 2026 quarter was marked by significant management changes and continued exploration success, positioning Lion Rock as a strategic global source of natural rutile and rare-earth monazite.
Key Points
  • New management team appointed with Theuns de Bruyn as CEO and Grant Scott as COO.
  • Focus on the Minta Monazite & Rutile Project in Cameroon.
  • Significant high-grade rutile discoveries with over 98% TiO2 concentrations.
  • Financially stable with a cash balance of approximately $6.87 million.
  • Strategic $2 million placement to support further exploration.
  • Ongoing work on Kitongo and Lolo Uranium Projects in Cameroon.
  • Yendon Kaolin Project in Australia is under review.
  • Significant leadership changes to drive exploration success.
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.