Lode Resources IPO

$15.9mil market cap
$5mil raise
20 cent price

OVERVIEW
 Lode was established in November 2019 for the primary purpose of exploring and acquiring gold, copper and silver exploration tenements in the New England Fold Belt of NSW, Australia.
 The company holds seven Exploration Licenses (ELs) in the New England Fold Belt that covers an area of more than 950 square kilometres.
 The Company’s aim is to discover significant deposits of gold, silver and copper which can be commercially developed and mined.
 Considerable historical work delivers significant and encouraging geological data, providing an opportunity for discoveries. The broad selection criteria for these projects are: o 100% ownership; o significant historical geochemistry and/or geophysics; o under drilled and/or open-ended mineralisation; and o demonstrated high grade mineralisation and/or potential for large mineral occurrences.
 All the Company’s exploration licences are fully granted and fully owned by the Company with Lode’s six current Prospective projects being: 1) Uralla Gold (incorporating Uralla West) – Intrusive Related Gold System (IRGS) constituting an entire significant gold field – drill ready; 2) Webbs Consol Silver – High grade hydrothermal silver bearing lodes, 3 attractive targets - drill ready; 3) Fender Copper – VMS style copper deposit – drill ready; 4) Elsinore Copper – Large regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling; 5) Thor Gold – Large gold anomaly potentially associated with high level intrusions or major regional fault structures; and 6) Tea Tree Gold – Under-explored goldfield.

KEY INVESTMENT HIGHLIGHTS
 The Company’s vision is to create shareholder value through the exploration and development of high-quality Brownfield gold, silver and copper projects/deposits in the New England Fold Belt.
 No Sovereign Risk.
 Lode Resources Strategy is to: o systematically explore and develop the Company’s Tenements in the New England Fold Belt; o target large-scale gold, silver and copper mineral systems; o use modern exploration methods and best practices in cost effective programs; and o advance discoveries to the development stage.
 Its important to note that all the Company’s exploration licences are fully granted and fully owned by the Company with Lode’s six current Prospective projects being:
1) Uralla Gold (incorporating Uralla West): (DRILL READY) o Located 8km West of the Uralla goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s. Lodes holdings cover over 300sq klm’s. o Two mineralisation styles are being targeted, that being high grade mineralised veins and high tonnage mineralisation associated with cupula structures. Previous work has discovered and delineated the former style of mineralisation in high-grade lodes that remain open and many targets including ore grade surface samples, defined through preliminary surface work, were not followed up with drilling.
2) Webbs Consol Silver: (DRILL READY) o Webbs Consol is a historic silver mining centre with high grade silver bearing lodes providing attractive targets that are essentially drill ready. Historical records of underground sampling indicated open ended high-grade mineralisation remains at relative shallow depths and subsequent geophysical anomalies were never followed-up by drilling.
3) Fender Copper: (DRILL READY) o This project has four known copper deposits of which the Trough Gully copper mine is a drill ready target. o In addition previous exploration surface work has delineated two significant copper anomalies presenting large tonnage targets.
4) Elsinore Copper: The project possesses a large 6km regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling.
5) Thor Gold: This project contains a large 2km gold anomaly potentially associated with high level intrusions and/or the surface representation of large and deep crustal structures.
6) Tea Tree: This project covers a historic goldfield which is underexplored with only two drill holes of which one intercepted gold mineralisation but with no follow-up drilling.
 The company has inherited a significant geological database as well as undertaking its own exploration work and believes the Tenements have potential for the discovery of large scale commercially viable gold, copper, and silver mineralisation