Lode Resources Strikes Fourth High-Grade Silver-Antimony Prospect in Tasmania

A New High-Grade Discovery in Tasmania

Lode Resources Ltd (ASX:LDR) has announced the identification of a fourth high-grade silver and antimony prospect, named Blocks East, within its recently acquired Greater Montezuma Project on Tasmania’s West Coast. Initial reconnaissance grab sampling from historical waste dumps has revealed exceptionally high grades, with assays reaching up to 5,650 grams per tonne (g/t) silver and 8.04% antimony, alongside significant copper values.

This discovery marks a significant expansion of Lode’s exploration portfolio in a region renowned for its rich mineral endowment. The Blocks East prospect lies just 2.4 kilometres north of the Montezuma project and 2.5 kilometres west of the Hercules mine, positioning it within a well-established mining district that hosts operations such as Rosebery, Renison Bell, and Mt Lyell.

Potential Scale and Continuity

The prospect extends over 400 metres of strike and features multiple historical adits and waste dumps, indicating the potential for a sizeable and continuous mineralised system. The mineralisation style is epithermal, with identified minerals including jamesonite, tetrahedrite, and chalcopyrite, which are consistent with Lode’s other Tasmanian silver-antimony projects, Montezuma and Fahlore.

While grab sampling is inherently selective and indicative, the high-grade results provide compelling qualitative evidence of the prospect’s potential. Lode has submitted drilling approvals to Mineral Resources Tasmania and plans to commence inaugural drilling in 2026, which will be critical to defining the true extent and economic viability of the mineralisation.

Strategic Expansion and Exploration Momentum

The addition of Blocks East, along with the recently secured EL2/2020 and EL6/2025 exploration licences, expands Lode’s Tasmanian exploration footprint to 250 square kilometres. This consolidation strengthens the company’s position in a globally recognised mineral province and aligns with Tasmania’s Critical Minerals Strategy, which supports the development of strategic metals like antimony.

Active drilling programs are also underway at the Montezuma Silver & Antimony Project and the Uralla Gold Project in New South Wales, providing near-term catalysts for the company’s exploration pipeline. Lode’s Managing Director, Keith Mayes, emphasised the significance of the discovery, noting the prospectivity of the West Coast region and the potential for multiple mineralised systems supported by shared infrastructure.

Looking Ahead

Ongoing fieldwork at Blocks East aims to extend and better define surface mineralisation ahead of drilling. The company’s broader portfolio includes several other high-grade prospects, positioning Lode as a notable player in critical mineral exploration in Australia.