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LRD - Lord Resources

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Lord Resources Limited is an Australian unlisted public company that is party to an acquisition agreement with Tailflower Pty Ltd, under which the Company will acquire a 100% interest in the exploration licences comprising the following projects:

(a) Horse Rocks Polymetallic Project (Mt Marion-Style Li potential);
(b) Cambridge Nickel - PGE Project (Ni-Cu-PGE multi-element potential with 3km-long Ni anomaly);
(c) Jarama Gold Project (Untested magnetic anomaly with Au potential);
(d) Gabyon Gold Project (High-grade Au rock-chip results); and
(e) Viper Polymetallic Project (Ni-Cu-PGE potential across EM anomalies),

Following its IPO, the Company intends to undertake systematic exploration programs on each of the Projects, aimed at the discovery of an economic mineral deposit.

It is anticipated that LRD will list on the ASX during March 2022.

 
Listing date30 March 2022 ; 12:00PM AEDT ##
Company contact detailshttps://lordresources.com/
Ph: +61 8 9380 6789
Principal ActivitiesMining Exploration
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeLRD
Capital to be Raised$4,500,000
Expected offer close date14 March 2022
UnderwriterNot underwritten. PAC Partners Securities Pty Ltd (Lead Manager)
 
1st drill on display today.

Punters are sometimes nervous when pegmatites are mentioned but no mention of spodumene.
It isn’t unusual though.

Options have 4 years to run and the project is near Mt Marion.
 
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