Results from the second batch of samples from the Noombenberry project have continued to show bright to ultra-bright white kaolin and high-grade Halloysite with individual composite sample grades of up to 23% halloysite/ 87 ISO-B Brightness.
The Company has started working on constructing geological wireframes in preparation for the planned maiden JORC resources estimate.
Results received so far from 50 of 197 holes drilled, with further developments expected to come soon.
Given the shallow nature of mineralisation and more than A$4.5 million cash at the end of December 2020, the Company is well funded to undertake additional drilling to expand the maiden JORC resource estimate targeted for Q2 2021.
Meanwhile, the LRS shares were spotted trading at A$0.060 with market capitalisation at A$81.83 million at 11:15 AM AEDT.