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Lord Resources Limited (ASX:LRD)

ALERT: Price-sensitive ASX Announcement for LRD
Current share price for LRD : $0.014 -0.005 (-26.32%)+
Announcement
Release
30 Oct 2025 8:12AM
Price at Release
$0.019
Full Release
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Summary
Lord Resources Limited (ASX: LRD) reported on their activities for the quarter ending 30 September 2025. Key activities included the successful completion of the inaugural drilling program at the Ilgarari Copper Project, which involved an 11-hole RC/diamond drilling initiative aimed at exploring copper zones and geophysical targets. The company also completed a significant capital raising exercise, enhancing its financial position by raising $814,000 through a placement of shares. Additionally, Lord Resources appointed Davide Bosio as a Non-Executive Director and made adjustments to their board. The company identified multiple high-priority electromagnetic targets through a ground MLEM survey, co-funded by the EIS program. The report also included financial details in the Appendix 5B Cash Flow Report, showing cash flows from operating, investing, and financing activities, and highlighted the company's strategy to integrate exploration results to further refine their exploration plans.
Key Points
  • Completion of the inaugural drill program at Ilgarari Copper Project.
  • Raised $814,000 through a share placement.
  • Appointed Davide Bosio as Non-Executive Director.
  • Identified high-priority EM targets via MLEM survey.
  • Concluded capital raising with a total of $1,393,668 raised from the Entitlement Offer.
  • Reported cash flows in Appendix 5B Cash Flow Report.
  • Adjusted board with new appointments and resignations.
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.