Announcement • Jul 28
Lode Resources Limited Provides Update on Core Projects and Portfolio of Brownfield Precious and Base Metal Assets Lode Resources Limited has assembled a portfolio of brownfield precious and base metal assets characterised by 100% ownership, significant historical geochemistry and/or geophysics, under-drilled and/or open-ended mineralisation, and demonstrated high-grade mineralisation and/or potential for large mineral occurrences. This has resulted in a portfolio of assets with diverse mineralisation styles consisting of four core projects of current focus. Montezuma Silver & Antimony Project consists of a high-grade antimony-silver-lead deposit with initial development, advanced metallurgical test work and significant beneficiation infrastructure. Uralla Gold is located 8km west of the Uralla township, this goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s. Despite this long history the mineralisation style has only recently been recognised as being an Intrusive Related Gold System (IRGS) and this has strong implications for this project’s discovery potential. Lode’s holdings cover over 300 square kilometres. New England Antimony Project is located in one of Australia’s most prolific antimony producing provinces, 19 antimony prospects have already been identified within the Exploration Licences (EL) EL9662 and EL9319, both controlled 100% by Lode. The project is anchored by the Magwood Mine, discovered in the 1880s and mainly worked between 1941 and 1970, and was Australia’s primary producer of antimony. Granville Tin Project is located approximately 5 km west of Zeehan in Tasmania, this project is known for its high-grade tin skarn mineralisation. Infrastructure includes connection to grid power, ball mill, gravity tables, spirals, tankage, raw water and a recently constructed tailings dam. Silver Hills Silver & Antimony Project is located on the West Coast of Tasmania this Project completely surrounds the historic Mt Bischoff Mine and is high prospective for high-grade silver–antimony mineralisation such as that identified at the Silver Cliffs prospect. New Risk • May 01
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 Risk High level of non-cash earnings (88% accrual ratio). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$6.8m revenue, or US$4.9m). Market cap is less than US$100m (AU$26.3m market cap, or US$18.9m). Announcement • Apr 17
Lode Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 4.572985 million. Lode Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 4.572985 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,446,035
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 730,769
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Transaction Features: Subsequent Direct Listing 
