STTCOMP LDR FA LONG
Lode Resources has a portfolio of strategic Antimony, Silver, Gold and Copper prospects in the New England region of NSW and Tasmania
SP: $0.095
Cash: $4.6M
MC: $15.3M
SOI: 161.8m
Directors/Mgmt: 32%
Lode recently announced an agreement to acquire 100% of the Montezuma Antimony Project in Tasmania. The project possesses the Montezuma Antimony-Silver deposit and significant exploration and mining equipment, beneficiation and service infrastructure. The deposit is located on a granted ML. Resampling of 12 historic and shallow diamond drill holes produced very high grades. This mineralisation is within a much larger surface anomaly. A 10,000m DD campaign is in the final stages of preparation now. Stockpiled ore at the mine site graded average 4,75% and approvals for mining 1000t of material for either pilot plant processing, or DSO is already granted.
Lode also has an extensive landholding in the New England region of NSW with their Magwood Antimony project being the focus of NSW works currently. A mapping and sampling campaign is currently underway on Magwood. Magwood was at one time the primary producer of Antimony in NSW with average mined grades in the first seven years of 55%
