Reported Earnings • Mar 11
First half 2026 earnings released: AU$0.01 loss per share (vs AU$0.012 loss in 1H 2025) First half 2026 results: AU$0.01 loss per share. Net loss: AU$1.70m (loss widened 89% from 1H 2025). New Risk • Mar 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (129% increase in shares outstanding). Revenue is less than US$1m (AU$356k revenue, or US$251k). Market cap is less than US$10m (AU$2.83m market cap, or US$2.00m). New Risk • Jan 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (142% increase in shares outstanding). Revenue is less than US$1m (AU$102k revenue, or US$69k). Market cap is less than US$10m (AU$4.43m market cap, or US$2.99m). Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Paul Lloyd was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공지 • Oct 28
Lord Resources Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.637269 million. Lord Resources Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.637269 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,250,507
Price\Range: AUD 0.037
Transaction Features: Rights Offering 공지 • Oct 07
Lord Resources Limited, Annual General Meeting, Nov 28, 2025 Lord Resources Limited, Annual General Meeting, Nov 28, 2025. Reported Earnings • Sep 27
Full year 2025 earnings released: AU$0.023 loss per share (vs AU$0.047 loss in FY 2024) Full year 2025 results: AU$0.023 loss per share (improved from AU$0.047 loss in FY 2024). Net loss: AU$1.74m (loss narrowed 19% from FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Revenue is less than US$1m (AU$87k revenue, or US$57k). Market cap is less than US$10m (AU$6.05m market cap, or US$3.95m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 31% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Revenue is less than US$1m (AU$87k revenue, or US$58k). Market cap is less than US$10m (AU$6.51m market cap, or US$4.34m). New Risk • Jul 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m (AU$87k revenue, or US$57k). Market cap is less than US$10m (AU$2.51m market cap, or US$1.64m). 공지 • May 30
Lord Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.393668 million. Lord Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.393668 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,426,013
Price\Range: AUD 0.018
Transaction Features: Rights Offering Reported Earnings • Mar 15
First half 2025 earnings released: AU$0.012 loss per share (vs AU$0.029 loss in 1H 2024) First half 2025 results: AU$0.012 loss per share (improved from AU$0.029 loss in 1H 2024). Net loss: AU$897.8k (loss narrowed 28% from 1H 2024). New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (AU$100k revenue, or US$63k). Market cap is less than US$10m (AU$1.46m market cap, or US$919.6k). 공지 • Oct 04
Lord Resources Limited, Annual General Meeting, Nov 29, 2024 Lord Resources Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (AU$51k revenue, or US$34k). Market cap is less than US$10m (AU$1.83m market cap, or US$1.23m). 공지 • Jul 25
Lord Resources Limited Announces CEO Changes Lord Resources Limited announced the appointment of Mr. Andrew Taylor as Chief Executive Officer, effective 1 August 2024. A geologist with more than 15 years' experience, Mr. Taylor was the geological consultant to the vendors of the Bellevue Gold Project and a facilitator of the transaction into Draig Resources Limited and continued to consult to Bellevue on exploration targeting through to securing EIS funding of the discovery hole for the "The Gap" zone and underground mine extension. Andrew has extensive experience as both a project vendor, and technical consultant, having been involved with the delineation of over 1Moz of gold resources and is currently undertaking a strategic review of the existing Lord tenure while assessing a number of potential high-value acquisition targets for the Company. Mr. Taylor is a Member of the Australian Institute of Geoscientists and a Competent Person under JORC reporting guidelines. The company thanked outgoing Managing Director Barnaby Egerton-Warburton for his contribution over the past few years, as he led the Company through its IPO, initial exploration and JV with MinRes. Barnaby will remain on the Board as a Non-Executive director. New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (AU$69k revenue, or US$47k). Market cap is less than US$10m (AU$2.56m market cap, or US$1.73m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). 공지 • Jun 27
Lord Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Lord Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,750,000
Price\Range: AUD 0.05
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,250,000
Price\Range: AUD 0.05
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$69k revenue, or US$46k). Market cap is less than US$10m (AU$2.96m market cap, or US$1.97m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • May 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$69k revenue, or US$45k). Market cap is less than US$10m (AU$2.24m market cap, or US$1.47m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Chris Swallow was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Apr 25
Lord Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Lord Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.05
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 13
First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.029 loss in 1H 2023) First half 2024 results: AU$0.029 loss per share (in line with 1H 2023). Net loss: AU$1.24m (loss widened 13% from 1H 2023). New Risk • Mar 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$69k revenue, or US$46k). Market cap is less than US$10m (AU$2.28m market cap, or US$1.51m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). 공지 • Oct 02
Lord Resources Limited, Annual General Meeting, Nov 22, 2023 Lord Resources Limited, Annual General Meeting, Nov 22, 2023, at 14:30 W. Australia Standard Time. 공지 • Feb 08
Lord Resources Limited Announces the Results from its Infill Surface Sampling at Horse Rocks Lithium Project in Western Australia Lord Resources Limited announced the results from its infill surface sampling at Horse Rocks Lithium Project (E15/1770), located 20km south of Coolgardie, in Western Australia. The Project is within 8km's of Mineral Resources Limited's Mt Marion Lithium Mine. The ground surrounding E15/1770 tenement is held by Mineral Resources Limited (E15/1599, EEL53, EEL59) and Essential Metals Limited (E15/1710). Surface Geochemical Sampling: An infill surface sampling program has been completed at the Horse Rocks Lithium Project. A total of 358 samples were collected in December 2022, over areas of anomalism outlined in the initial surface sampling program. The samples were collected on a 50m by 100m grid, from depths between 0.2m and 1.2m. The infill sampling has confirmed the anomalism outlined in the initial surface sampling program and has further refined areas of lithium anomalism. Peak values of 1,456ppm (0.15%) Li2O, 91ppm Ta2O5 and 349ppm Cs2O were returned from various samples, with 30% of samples (109 out of 358) returning assays of over 100ppm Li2O. The low K/Rb (potassium/rubidium <40) ratios at all the geochemical anomalies are an indication of fractionated pegmatites. Drill Planning: A review of the geochemical anomalies at the Horse Rocks Project has defined multiple high priority drill targets, which correlate with pegmatites mapped at surface. A heritage survey has been booked for next week and drilling is expected to commence in March /April 2023. Rock Sampling: Results from rock chip samples collected towards the end of 2022. Multiple samples returned results considered significant for lithium mineralisation and were collected from pegmatites with higher priority soil anomalism: 22HR046 - 25370ppm (2.54%) Li2O, 2036ppm Cs2O and 76ppm Ta2O5 from a sample of float pegmatite with lepidolite, muscovite and quartz. 공지 • Dec 16
Lord Resources Limited Provides This Update on Exploration Activities At the Horse Rocks Lithium Project Lord Resources Limited provided this update on exploration activities at the Horse Rocks Lithium Project, located 20km south of Coolgardie, WA and within 8km's of Mineral Resources Mt Marion Lithium Mine. INFILL SURFACE SAMPLING Results from the initial surface sampling at Horse Rocks outlined multiple high priority geochemical anomalies. Three priority 1 anomalies, and four priority 2 anomalies were identified. The most significant anomaly is in the centre of the lease (Anomaly 1), situated on the hinge of an anticline, where the greenstone units have been folded. The anomaly covers approximately 1,400m x 700m, with coincident elevated Li, Cs and Be, and strong indication of fractionation with K/Rb ratios. Anomaly 2 is situated on a prospective shear zone, between the mafic/ultramafic package and siliciclastic sediments. The infill sampling has been designed over the areas with highest geochemical anomalism to further delineate the mineralised trends, to aid with drill targeting. Sampling recently commenced and is expected to take one week to complete, with assays expected in early 2023. Ongoing geological mapping has revealed large swarms of pegmatite intrusions in all areas of geochemical anomalism. There is a general trend for the pegmatites to strike toward the north-northwest, however locally the dykes vary in orientation. Many of the pegmatites can be followed for over 200m with widths at surface greater than 10m wide. A further 84 rock samples have been collected and submitted to the laboratory for multi- element analysis. Results are expected in January 2023. 공지 • Nov 23
Lord Resources Limited Announces Results from its First-Pass Exploration at Horse Rocks Lithium Project Lord Resources Limited announced the results from its first-pass exploration at Horse Rocks Lithium Project, located 20km south of Coolgardie, WA and within 8km's of Mineral Resources Mt Marion Lithium Mine. A comprehensive surface geochemical sampling program was completed at the Horse Rocks Project, covering the entire tenement area. A total of 690 soil samples were collected via auger, from depths between 0.1m and 1.3m. Samples were collected on a 400m by 100m grid, with some areas infilled to 200m line spacing in areas of historically mapped pegmatites. Peak values returned in the soils were 182ppm lithium (Li), 42ppm caesium (Cs) and 42ppm tantalum (Ta). The sampling has outlined seven distinct and significant geochemical anomalies, which display elevated levels in multiple elements, predominantly lithium, caesium, niobium, and tin. Prospectivity and fertility ratios suggest the presence of fractionated materials, particularly with the K/Rb vs Li ratio. The results from the surface geochemical program, have identified highly prospective follow-up lithium targets over significant strike lengths, with the same elemental signatures that have been seen at known lithium mineralisation locations in Western Australia. The soil geochemistry suggests that the pegmatite swarm is largely of the LCT (lithium-caesium-tantalum) mineralisation type, the most significant for lithium deposits and what is commonly associated with economic occurrences of lithium and tantalum found in the Western Australian pegmatite districts. Three priority 1 anomalies, and four priority 2 anomalies have been identified. The most significant anomaly is in the centre of the lease (Anomaly 1), situated on the hinge of an anticline, where the greenstone units have been folded. The anomaly covers approximately 1,400m x 700m, with coincident elevated Li, Cs and Be, and strong indication of fractionation with K/Rb ratios. Anomaly 2 is situated on a prospective shear zone, between the mafic/ultramafic package and siliciclastic sediments. New lithium bearing pegmatites have been identified by the Lord Resources technical team during field reconnaissance and mapping, along with confirming previously reported outcropping pegmatites. Mapping has indicated that pegmatites are more prevalent than previous mapping has indicated. A total of 42 outcrop rock samples were collected and sent for multi-element analysis. Three of the pegmatite rock samples returned ratios that indicate a high degree of fractionation (K/Rb <20 & Nb/Ta <5), which implies these pegmatites have the potential to host LCT mineralisation. Sample 22HR740 (412ppm Li, 165 Cs) was a pegmatite float sample collected from within priority geochemical anomaly. The lithium values returned was from sample 22HR720, with an assay of 932 ppm Li, 698ppm Rb and 177ppm Cs, from a sample of pegmatite. 공지 • Oct 07
Lord Resources Limited, Annual General Meeting, Nov 28, 2022 Lord Resources Limited, Annual General Meeting, Nov 28, 2022, at 10:00 W. Australia Standard Time. Agenda: To consider election of director. 공지 • Sep 29
Lord Resources Limited Commences At the Horse Rocks Lithium Project Lord Resources Limited announced that field work has commenced at the Horse Rocks Lithium Project. A comprehensive surface geochemical sampling program has been designed to cover the entire tenement area. The results of the multi-element analysis will aim to identify near surface anomalies, which will assist with drill targeting. Concurrently, the Lord Resources technical team will carry out geological mapping and rock sampling, to verify the historically mapped pegmatites, and expand known occurrences. This sampling program will be the first exploration for lithium within the project area. 공지 • Sep 20
Lord Resources Limited Announces Grant of Exploration Licence E15/1770, the Horse Rocks Lithium Project Lord Resources Limited announced official grant of exploration licence E15/1770, the Horse Rocks Lithium Project. A comprehensive surface geochemical sampling program has been designed to cover the entire tenement area. The results of the multi-element analysis will aim to identify near surface anomalies, which will assist with drill targeting. Concurrently, the Lord Resources technical team will carry out geological mapping and rock chip sampling, to verify the historically mapped pegmatites, and expand known occurrences. The field crew is expected to mobilise within the week, to begin exploration, following the 5 days' notice period required by the Department of Biodiversity, Conservation and Attractions (DBCA). This exploration program will be the first exploration for lithium within the project area. Geology and Background: Located 23 km south of Coolgardie in Western Australia's Eastern Goldfields, the Horse Rocks Lithium Project comprises a 23.8km2 exploration licence, 8km west of Mineral Resources' Mt Marion Lithium Mine. The Horse Rocks Project lies within a folded portion of an isolated greenstone belt, within the Coolgardie Domain of the Yilgarn Craton. The greenstone belt is comprised of high- magnesium basalts, gabbroic sills and komatiite sequences. The granodiorite Depot Dome is to the immediate east of the greenstones and is the interpreted source of the many pegmatite intrusions within the tenure. The Horse Rocks Project is considered prospective for pegmatite hosted lithium, nickel sulphide and orogenic gold mineralisation. Historical drilling has identified elevated nickel within the ultramafic sequences, along with gold anomalism in surface sampling. The lack of any exploration for lithium provides an untested conceptual opportunity for Lord Resources. 공지 • Jul 25
Lord Resources Limited Provides an Update on Exploration Activities At the Horse Rocks, Jarama, Cambridge and Gabyon Projects Lord Resources Limited provided an update on exploration activities at the Horse Rocks, Jarama, Cambridge and Gabyon Projects. HORSE ROCKS LITHIUM PROJECT Lord announced the tenement granting process has advanced to the next stage, with the Company being notified that the Minister for Environment has provided the Minister for Mines and Petroleum with formal recommendations regarding consent for the tenement holder to access the Yallari Timber Reserve, subject to compliance with the Company's Conservation Management Plan (CMP). It is expected that the Minister for Mines and Petroleum will now recommend to the Department of Mines, Industry Regulation and Safety that it grant the tenement, subject to conditions, including compliance with the CMP. Once the tenement has been granted, the Company has planned a comprehensive geochemical program to test for near-surface lithium anomalism. Located within the highly fertile Kalgoorlie Terrane, the Horse Rocks Lithium Project contains mapped pegmatites that are yet to be tested for lithium. The Mt Marion, Bald Hill and Dome North lithium deposits are all within 100km of the Horse Rocks project, in similar geological setting. JARAMA GOLD PROJECT The inaugural drilling program for Lord has been successfully completed at the Jarama Project (E59/2501), in the Murchison Region of Western Australia. A total of 54 holes were drilled for 2,496m, testing for near surface mineralisation along the Banded Iron Formation (BIF) unit that runs through the tenement, and located 17km north of the recent Yidby discovery. The program was designed as aircore blade, however the lack of developed regolith gave a shallow blade refusal, and the program was pivoted to shallow RC (hammer). Four lines of drilling, spaced 400m apart, were completed over the magnetic high unit, testing for gold anomalism. Samples were collected as composites and analysed for gold, with the end of hole sample submitted for multi-element analysis. Drillhole 22JRC008 retuned an anomalous result of 0.59g/t gold from the end of hole (35-36m). This was within weakly sheared basalt with magnetite and biotite alteration and trace pyrite, near the contact with the BIF unit. 공지 • Apr 12
Lord Resources Limited Provides an Update on Current and Planned Exploration on Its Horse Rocks, Jarama and Cambridge Projects Lord Resources Limited provided an update on current and planned exploration on its Horse Rocks, Jarama and Cambridge Projects. Highlights: Horse Rocks Li-Ni Project: Project on-track for granting, with the Conservation Management Plan considered at the March 2022 meeting of the Conservation and Parks Commission. Once tenure is granted, field exploration can commence immediately in compliance with tenement conditions. Located 23 km south of Coolgardie in Western Australia's Eastern Goldfields, Horse Rocks comprises a 23.8km2 exploration licence, 8km west of Mineral Resources' Mt Marion Lithium Mine, with the same source granite and `Mt Marion-Style' Li potential. Comprehensive mapping and geochemical sampling for lithium will be completed as soon as the tenement is granted. Jarama Au Project: Located ~40km east of Paynes Find within the Yalgoo-Singleton Greenstone Belt and surrounded by significant gold deposits, Jarama has never been drill tested. LRD is planning a regional scale aircore (AC) drill program, expected to commence within weeks. Cambridge Nickel Project: Project located SE of Laverton, in the Great Victoria Desert, early RAB drilling of the transient electromagnetic (TEM) anomaly returned promising results Ni results (0.7% Ni) from shallow depths. Moving-loop electromagnetic survey (MLEM) survey at the Cambridge Ni Project is expected to commence end of April 2022. Horse Rocks Li-Ni Project: The tenure at Horse Rocks Project continues its path towards grant. The Company has prepared and submitted a comprehensive Conservation Management Plan to the Department of Biodiversity, Conservation and Attractions (DBCA) for its review and endorsement. The plan was considered by the Conservation and Parks Commission (CPC) during the March 2022 meeting, and Company is now awaiting the response. If the CPC endorses the plan, the Minister for Environment will be advised accordingly. If the Minister for Environment is supportive of how the proposed exploration will be managed, a letter recommending the grant of the licence will be provided to the Minister for Mines. This granting process is anticipated to complete during May 2022. Once tenure is granted, field exploration can commence immediately, noting that Programme of Works approvals will be required for ground disturbing activities. Geophysical consultants Resource Potentials have compiled all available geophysical data sets and produce a comprehensive set of imagery to aid with exploration. As soon as the tenement is granted, a comprehensive mapping and geochemical sampling program will be conducted at the Horse Rocks Project. Jarama Au Project: A 4,000m AC drilling program is expected to commence at the end of April 2022 with all approvals and heritage surveys completed, the lines marked out and the drilling contractor expected to arrive on site in the coming weeks. The Jarama Project sits on a wedge of untested greenstone belt, that is predominantly covered with depositional colluvium, which obscures the underlying geology and any potential mineralisation. The AC drilling will be the first test of the underlying geology. A 3D unconstrained inversion of magnetic data indicates the top of the magnetic feature to be 45m below surface, which makes AC drilling the ideal method for testing for mineralisation beneath the cover. Cambridge Project: An in-depth geophysical review of the Cambridge Ni-PGE Project has outlined four target areas that warrant follow up exploration. These targets are based on historic EM surveys that used comparatively low-powered instruments. The higher priority targets are located over the metasediment unit surrounding the Stella Range ultramafics and may be related to remobilised sulphide minerals or komatiite flows. A follow-up MLEM survey has been designed to cover these four targets, which will help refine the nickel targets for deep drilling. The survey will utilise a high-power transmitter with a low transmitter frequency operating both in-loop and slingram survey configurations. Board Change • Apr 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Chris Swallow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.