Lode Resources Ltd (ASX: LDR) Intercepts High-Grade Antimony and Silver at Montezuma Project

Key Highlights:

• High-Grade Discovery: New assays confirm high-grade antimony (Sb) up to 18.23% and silver (Ag) at 1,677 g/t at Montezuma.
• Exploration Expansion: Lode plans an aggressive 10,000m drilling program to expand the deposit’s footprint.
• Stock Performance: LDR trades at $0.091 (-1.09%), with a 52-week range of $0.059 - $0.160 and a 13.75% 1-year return.
• Strategic Significance: Montezuma is Tasmania’s only antimony project, amid surging global demand and China's export ban on the critical metal.

Lode Resources Unveils High-Grade Antimony and Silver at Montezuma

Lode Resources Ltd (ASX: LDR) has unveiled a significant high-grade antimony and silver discovery at the Montezuma Antimony Project, located in Tasmania’s premier West Coast Mining Province. The latest drill results confirm exceptional mineralization, reinforcing the project's potential as a high-value critical minerals asset.

Lode’s Managing Director Ted Leschke commented:

“These new assays reaffirm the high-grade nature of Montezuma’s mineralization. We look forward to commencing drilling and expanding our understanding of this remarkable deposit.”

Breakdown of Key Drill Results

The recently completed drill program at Montezuma returned multiple high-grade intercepts of antimony (Sb), silver (Ag), and gold (Au), significantly exceeding expectations.

Top Drill Intercepts:

• MZSFW7: 18.23% Sb, 612 g/t Ag, 1.30 g/t Au over 0.8m
• MZSFW1: 5.36% Sb, 913 g/t Ag, 0.66 g/t Au over 1.9m
• MZS03: 6.58% Sb, 826 g/t Ag, 0.76 g/t Au over 1.3m
• MZS02: 5.51% Sb, 285 g/t Ag, 1.33 g/t Au over 0.9m

These results confirm the high-grade nature of Montezuma’s mineralization, with mineralized widths exceeding initial estimates.

Comparison of Key Assay Results

Below is a breakdown of the top drill results for Montezuma, showcasing its rich mineralization.

Table 1: Montezuma Project – Key Drill Intercepts

These intercepts indicate Montezuma’s potential as a major high-grade deposit, warranting further exploration.

Stock Performance and Market Sentiment

Lode Resources Ltd (ASX: LDR) currently trades at $0.091 (-1.09%), with a 52-week range of $0.059 - $0.160. The stock has delivered a 13.75% return over the past year, outperforming the ASX 200 by 5.07%.

LDR Stock Performance Overview

LDR’s strong 1-year return suggests growing investor interest, fueled by exploration success and the strategic importance of antimony.

Global Antimony Market Dynamics

Surging Antimony Prices and China’s Export Ban

Antimony is classified as a critical mineral by the Australian Federal Government and the US Department of Defense. China, the world’s largest antimony supplier, has banned exports to the United States, tightening global supply and driving prices to record highs.

Antimony Price Trends

• Western markets: Antimony prices have tripled in the past year.
• China: Prices have surged +70%, driven by supply constraints.

Graph 1: Antimony Prices Surge Amid Supply Constraints

(Antimony price chart showing a 300% increase in Western markets and a 70% rise in China)

Montezuma’s Exploration Potential

Lode Resources is preparing for an aggressive 10,000m drill program to expand the Montezuma deposit, which remains open to the north, south, and at depth.

Upcoming Drilling Strategy

• Test extensions of the Montezuma structure.
• Expand high-grade zones identified in recent assays.
• Assess potential tin mineralization discovered in soil sampling.

Lode Resources has also identified a 500m tin anomaly, coinciding with the Montezuma structure’s strike, suggesting a larger mineralized system.

Strategic Positioning in Tasmania’s Premier Mining Belt

The Montezuma Project is located in Tasmania’s resource-rich West Coast Mining Province, home to major mining operations, including:

• Rosebery (Zn, Cu, Pb) – Owned by MMG Ltd
• Renison Bell (Sn) – Owned by Metals X Ltd
• Henty Gold Mine – Owned by Catalyst Metals Ltd
• Zeehan (Sn, Pb, Ag) – Owned by Stella Resources Limited

With existing beneficiation infrastructure, power access, and established mining activity, Montezuma is strategically positioned for fast-track development.

Final Thoughts: LDR’s Path Forward

With its high-grade drill results, a tightening antimony market, and a 10,000m drill program on the horizon, Lode Resources is positioned for strong growth in 2025.

Investor Takeaways:

✅ High-grade Montezuma intercepts confirm strong mineralization
✅ Exploration expansion to unlock deposit scale potential
✅ Stock up 13.75% in past year, outperforming ASX 200
✅ Antimony prices at record highs amid supply crunch
✅ Tasmania’s only antimony project, benefiting from strong government backing

Lode Resources Ltd (ASX: LDR) remains a high-potential exploration play, as it advances the Montezuma Antimony Project amid rising global demand for critical minerals.