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Lord Resources Limited (ASX:LRD)

ALERT: Price-sensitive ASX Announcement for LRD
Current share price for LRD : $0.014 -0.014 (-50%)+
Release
28 Oct 2025 8:23AM
Price at Release
$0.028
Full Release
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Summary
Lord Resources Limited, an Australian company listed as ASX: LRD, has published the final assay results from its diamond drilling campaign at the Ilgarari Copper Project in Western Australia. The results revealed significant copper mineralization, including notable intercepts such as 2.3m at 1.17% Cu and 3m at 0.85% Cu in hole 25IRC005D, and 1.3m at 1.13% Cu in hole 25IRC004D. Although the drilling confirmed certain geological predictions, the economic viability of the findings remains under evaluation. Additionally, an earlier announced non-renounceable entitlement issue to raise $1.618 million has been withdrawn pending further review of the capital requirements. The company is focused on integrating new datasets, refining geological models, and planning further exploratory phases, including down-hole electromagnetic surveys to explore mineralization depth and continuity.
Key Points
  • Final assay results from Ilgarari Copper Project announced.
  • Significant copper intercepts include 2.3m at 1.17% Cu and 3m at 0.85% Cu.
  • Drilling results confirm geological predictions but economic viability needs assessment.
  • Non-renounceable entitlement issue to raise $1.618 million has been withdrawn.
  • Company plans further data integration and exploratory phases.
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.