Lode Resources Reports Up to 31.1% Antimony and 776 g/t Silver Equivalent Intercepts

Exploration and Development Momentum at Montezuma

Lode Resources Ltd (ASX – LDR) has provided a comprehensive update on its portfolio of critical minerals projects, with a particular focus on the Montezuma Silver & Antimony Project in Tasmania. The company is currently executing an extensive drilling program of 8,000 to 10,000 metres aimed at delineating and expanding the high-grade Montezuma deposit. Early results have been encouraging, with assays revealing significant silver and antimony grades, including intercepts such as 9.9 metres at 776 grams per tonne silver equivalent, featuring even higher-grade sub-intervals.

Metallurgical test work at Montezuma is progressing well, demonstrating effective ore sorting capabilities due to the density contrast between host rock and sulphide minerals. Flotation and leaching tests have produced high-grade silver and antimony concentrates, positioning the project for efficient downstream processing. The proximity of beneficiation infrastructure within 15 kilometres of the deposit offers a capital-efficient pathway to pilot production and eventual full-scale development.

High-Grade Antimony Potential at Magwood

In New South Wales, Lode’s Magwood Antimony Project has delivered promising inaugural drilling results, with intercepts reaching up to 31.1% antimony. These results highlight the potential for significant unmined vein-style mineralisation adjacent to historical workings, which were previously overlooked due to a lack of drilling. The company is advancing regional exploration with soil sampling and mapping, uncovering new mineralised occurrences that could mirror the Magwood deposit’s high-grade nature.

Expanding the Critical Minerals Footprint

Beyond Montezuma and Magwood, Lode is preparing to commence drilling at the Granville Tin Project in Tasmania, targeting primary tin mineralisation beneath historic pits. Additionally, the Uralla Gold Project in New South Wales has identified multiple gold anomalies through detailed auger sampling, with a reverse circulation drilling program planned for the March quarter. These projects complement Lode’s focus on critical minerals essential for sustainable technologies.

Corporate and Financial Position

Following the divestment of the Webbs Consol Silver Project, Lode Resources has bolstered its cash position to approximately $3.4 million. The transaction also included royalty interests and equity stakes, providing ongoing value to shareholders. The company’s market capitalisation stands near $34 million, supported by a shareholder base with significant insider and institutional holdings. The experienced board and management team bring deep expertise in exploration, development, and capital markets, underpinning Lode’s strategic ambitions.

Overall, Lode Resources is advancing a suite of high-grade, critical minerals projects with clear pathways to resource definition and development. The combination of robust drilling results, strong metallurgical performance, and strategic infrastructure positions the company well within the evolving minerals landscape.