What’s Driving Activity Around Lode Resources in the ASX All Ordinaries and ASX Emerging Companies Indexes?

May 13, 2025 12:30 PM AEST | By Team Kalkine Media

Google News:

What’s Driving Activity Around Lode Resources in the ASX All Ordinaries and ASX Emerging Companies Indexes? — Image source: Shutterstock

Recent News

Manuka Resources Advances Cobar Basin Restart With Fresh Capital | All...

Military Metals Advances West Gore Drilling on New Targets

Can CBA (ASX:CBA) Maintain Its Position Among ASX 100 Companies?

Olympio Metals Expands Québec Drilling as Bousquet Prospects Align – A...

Highlights

Lode Resources Ltd (LDR) advances work at the Magwood antimony project in New South Wales

Historical mine site draws focus due to geological alignment with known antimony-rich locations

Sampling and geological review precede a multi-target diamond drilling initiative

Operating within the mineral exploration sector, Lode Resources Ltd (ASX:LDR) is included in the ASX All Ordinaries and ASX Emerging Companies indexes. This sector contributes to global resource development through the identification of economically significant mineral deposits. Lode's work in New South Wales exemplifies the active approach taken by companies to evaluate underexplored sites with historical mining significance.

Magwood Project Overview

Located in the New England Fold Belt, the Magwood antimony site represents a key component of Lode Resources Ltd’s exploration program. The area is historically known as Australia's primary antimony-producing mine prior to the 1970s. Despite its past output, the site has not undergone modern drilling efforts. Geological mapping and archived reports have identified antimony-bearing lodes, positioning Magwood as a focus for renewed investigation.

Sampling Activities and Geological Features

Material retrieved from mine dumps during sampling revealed the presence of antimony and gold. These results follow a structured review of historical records and field observations. Lode has outlined its plan to initiate diamond drilling, supported by this data. The company aims to investigate structural zones and lode systems that have not yet been explored with contemporary techniques.

Planned Drilling Strategy

Lode Resources Ltd has identified several key objectives within the Magwood site. These include targeting lodes situated parallel to former workings, inspecting mineralised zones within existing tunnels, and exploring down-plunge extensions of previous deposits. A structural feature northeast of the main site has also been marked for assessment. The coordinated drilling strategy is designed to address various geological targets through a staged program.

Historical Context and Comparative Sites

Historical grades recorded at the Magwood mine place antimony content within a wide range. The geological setting shares similarities with the Hillgrove mine, a known antimony site, enhancing interest in the area. These common features provide context for the planned drilling program and position Magwood within a broader narrative of regional mineral occurrence.

Ongoing Exploration Across Multiple Projects

In addition to Magwood, Lode Resources Ltd is progressing with the Montezuma Project in Tasmania. This site, located in the West Coast Mining Province, is already undergoing drilling. The parallel development of these assets highlights Lode’s broader operational presence within the antimony exploration field, reinforcing its focus on targeted mineral identification across distinct geological zones.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.