Lode Resources has reported outstanding high-grade silver and antimony mineralisation at its newly acquired Silver Hills Project in Tasmania, signalling a promising expansion of its critical minerals portfolio.
- High-grade silver up to 9,370 g/t and antimony up to 18.6% identified
- Silver Hills Project surrounds historic Mt Bischoff Mine in Tasmania
- Silver Cliffs prospect is Lode’s third major silver-antimony site in Tasmania
- Drilling approvals submitted for near-term exploration
- Tasmanian landholding expanded to 250 km², consolidating strategic position
Exceptional Grades at Silver Cliffs
Lode Resources Ltd (ASX:LDR) has announced the discovery of remarkably high-grade silver and antimony mineralisation at the Silver Cliffs prospect within its recently acquired Silver Hills Project in Tasmania’s West Coast mining district. Initial grab sampling from historical waste dumps returned silver assays as high as 9,370 grams per tonne (g/t) and antimony concentrations reaching 18.6%, alongside significant lead and zinc values. These results underscore the potential for a substantial high-grade mineral system in a region renowned for its rich mining heritage.
Strategic Expansion in a Proven Mining District
The Silver Hills exploration license (EL6/2025) strategically envelops the historic Mt Bischoff Mine, one of Tasmania’s most significant tin mining centres. This positioning places Lode’s project within a well-established mineralised system, enhancing the prospectivity of the area. The Silver Cliffs workings extend over 300 metres of strike, featuring multiple historical adits and waste dumps that suggest continuity and scale of mineralisation yet to be fully explored.
Complementing a Growing Portfolio
Silver Cliffs marks Lode’s third high-grade silver-antimony prospect in Tasmania, joining the Montezuma and Fahlore projects. The mineralogy at Silver Cliffs closely resembles these more advanced sites, indicating the potential for repeatable high-grade mineralisation across the portfolio. This discovery complements Lode’s broader strategy of consolidating critical mineral assets in Tasmania, where the company has expanded its exploration footprint from 155 to 250 square kilometres through recent license acquisitions.
Next Steps and Near-Term Catalysts
With drilling approvals already submitted to Mineral Resources Tasmania, Lode is poised to commence near-term drill testing at Silver Cliffs. Active drilling programs are also underway at Montezuma and the Uralla Gold Project in New South Wales, providing multiple catalysts for the company’s exploration pipeline. The ongoing fieldwork at Silver Hills aims to identify additional mineral occurrences, leveraging modern exploration techniques on historically underexplored ground.
Positioning for Critical Minerals Demand
Lode’s focus on silver and antimony aligns with increasing global demand for critical minerals, supported by Tasmania’s government strategy to promote strategic metals. The high-grade assays from Silver Cliffs reinforce the company’s potential to contribute meaningfully to this sector, with antimony being a key component in emerging technologies and industrial applications.
Bottom Line?
As Lode Resources prepares to drill Silver Cliffs, the market will be watching closely to see if these exceptional grades translate into a new high-grade resource in Tasmania’s prolific West Coast district.
Questions in the middle?
- Will drilling confirm the extent and continuity of the high-grade mineralisation at Silver Cliffs?
- How might Silver Hills’ discovery impact Lode’s valuation and strategic positioning in critical minerals?
- What are the timelines and expected outcomes for the upcoming drilling programs across Lode’s Tasmanian projects?