Lode Resources Ltd · ASX:LDR
Lode Resources — Investor Presentation (February 2025)
31 slides from Lode Resources's investor presentation, Feb 3, 2025
Slide 1: Advanced High-Grade Antimony and Silver Projects
For personal use only Advanced High-Grade Antimony and Silver Projects Critical Minerals for a Sustainable Future February 2025 ASX:LDR
Slide 2: Disclaimer
Disclaimer, etc. Disclaimer Most recent reference documents used in this presentation The material in this presentation contains certain technical information, including regarding LDR announcement 11 October 2022 titled “Phase II Drilling Intersects 47m of Sulphide Mineralisation” Very high-grade dr
Slide 3: Contents
For personal use only Contents 1 Corporate Snapshot Executive Summary 2 3 Montezuma Antimony Project, Tasmania 4 The Antimony Market 5 Webbs Consol Silver Project and Uralla Gold Project, NSW 6 Conclusions and Next Steps Montezuma Antimony Deposit - massive stibnite & jamesonite lode mineralisation.
Slide 4: Corporate Snapshot
1 Corporate Snapshot Share Price Price (A$/sh) Major Shareholders For personal use only ANDREW VAN HEYST 12.1% TED LESCHKE 11.8% TECHNICAL INVESTING 4.5% ASHABIA 1.9% Corporate Structure Share Price (3/2/25) A$0.092 Cash (Dec Qtr 2024) $4.6m 32% Shares on Issue 161.8m Directors & Market Capitalisati
Slide 5: Executive Summary: Uses of Funds
2 Executive Summary Uses of Funds For personal use only Uses of funds A$m Montezuma Antimony Project (Tasmania) ➢ Upgrading/modification of demonstration plant $0.6 ➢ Development drive $0.2 ➢ Metallurgical test work $0.1 ➢ Exploration $1.2 Magwood Antimony Project (New South Wales) $0.5 Webbs Consol
Slide 6: Executive Summary: Overview
2 Executive Summary Overview Focus on Antimony and Silver in Tasmania and the New England Fold Belt For personal use only 100% ownership of all projects with characteristics of high grade and open mineralisation Portfolio of strategic antimony prospects - acquisition of Montezuma Antimony Project in
Slide 7: Acquisition of Montezuma Antimony Project, Tasmania
2 Executive Summary Acquisition of Montezuma Antimony Project, Tasmania Lode is Progressing Montezuma - one of Australia’s Highest Grade Antimony Projects For personal use only ➢ Lode announced on Wednesday 23 October 2024an agreement to acquire 100% Overview of the Montezuma Antimony Project locate
Slide 8: Project Highlights
3 Montezuma Antimony Project, Tasmania Project Highlights • Surface sampling, initial drill intercepts and exploration drive sampling has demonstrated High-grade Montezuma lode to be a very high-grade antimony and silver deposit. For personal use only 1 antimony-silver- • Exploration drive developme
Slide 9: Project Location
3 Montezuma Antimony Project, Tasmania Project Location Location overview ➢ Montezuma Antimony Project located in For personal use only Tasmanian’s premier West Coast Mining Province ➢ Well-known Tasmanian mining centres surround Montezuma Antimony Project including Rosebury (Zn, Pb, Cu), Renison Be
Slide 10: Project Location
3 Montezuma Antimony Project, Tasmania Project Location Location overview ➢ Montezuma Antimony Project located in For personal use only Tasmanian’s premier West Coast Mining Province Montezuma West Beneficiation Infrastructure ➢ Well-known Tasmanian mining centres (2M-2018, 32M-1988, EL9-2019) surro
Slide 11: Surface and Development Sampling
3 Montezuma Antimony Project, Tasmania Surface and development Sampling Surface grab sampling Stockpiled mineralisation sampling ➢ Surface grab samples - 5m intervals along a 50m exposure of the deposit For personal use only ➢ Surface grab samples grades up to 24.5% Sb, 3,050 g/t Ag and 39.1% Pb. Sa
Slide 12: High-Grade Antimony & Silver Lode Deposit
3 Montezuma Antimony Project, Tasmania High-Grade Antimony & Silver Lode Deposit For personal use only LT1 development face averaged 9.31% Sb, 306 g/t Ag and 16.73% Pb Montezuma Antimony Project Deposit ➢ The Montezuma deposit is a structurally controlled lode hosting high-grade 0.50 metres 0.90 met
Slide 13: Drill Sampling
3 Montezuma Antimony Project, Tasmania Drill Sampling From To Interval Sb Ag Au Pb Cu Sn Hole (m) (m) (m) (%) (g/t) (g/t) (%) (%) (%) MZSFW1 3.00 12.50 9.50 1.86 291 0.38 2.82 0.14 0.09 For personal use only incl. 7.30 11.20 3.90 1.95 430 0.38 2.67 0.12 0.07 incl. 8.60 10.50 1.90 5.36 913 0.66 8.33
Slide 14: Surface & Drill Sampling – Long Section
3 Montezuma Antimony Project, Tasmania Surface & Drill Sampling – Long Section For personal use only 446 g/t Ag 10.6% Pb 6.01% Sb SGD+0: 1,950 g/t Ag MZSFW1 14.00% Pb 10.10% Sb 3,050g/t Ag SGD+10: 18.30% Sb 18.9% Pb 9.50m @ SGD+5: 29.68% Pb 399 g/t Ag 17.2% Sb SGD+15: 1.86% Sb 291 g/t Ag 0.38 g/t Au
Slide 15: Exploration Model
3 Montezuma Antimony Project, Tasmania Exploration Model Surface Channel Sampling SGD+50: 5.12% Sb, 986 g/t Ag For personal use only Montezuma Antimony Project – a model for exploration SGD+45: 10.40% Sb, 158 g/t Ag Development Face SGD+40: 5.73% Sb, 175 g/t Ag Structural geology Sampling ➢ Strong s
Slide 16: Significant Exploration Potential
3 Montezuma Antimony Project, Tasmania Significant Exploration Potential Surface Channel Montezuma Sampling Sb-Ag SGD+50: 5.12% Sb, 986 g/t Ag For personal use only deposit SGD+45: 10.40% Sb, 158 g/t Ag Development Face SGD+40: 5.73% Sb, 175 g/t Ag Sampling LT1: 1.8m @ 9.31% Sb, 306g/t Ag SGD+35: 4.
Slide 17: Beneficiation Options
3 Montezuma Antimony Project, Tasmania Beneficiation Options Hydrometallurgical Options X-Ray Sorting System Producing HG DSO For personal use only Producing HG Concentrate Sodium Pyroantimonate Synthetic Stibnite Jamesonite & Stibnite (Na4Sb2O7) (Sb2S3) (Pb4FeSb6S14 & Sb2S3 ) Metallurgical tests to
Slide 18: Development Strategy and Next Steps at Montezuma
3 Montezuma Antimony Project, Tasmania Development Strategy and Next Steps at Montezuma Exploration to include surface and development mapping/sampling, bring existing drilling up to JORC standards, surface and/or underground drilling For personal use only Aim to develop a mineable resource, support
Slide 19: The Antimony Market
4 The Antimony Market Increasing Antimony demand as a result of China’s antimony production has fallen by 67% the Energy Transition and safety standards in the last decade For personal use only Increasing uses of Antimony Source: Bloomberg ➢ Solar panels (photovoltaic cells) to increase panel effici
Slide 20: Other Lode Resources Antimony and Precious Metals Projects
5 Other Lode Resources Antimony and Precious Metals Projects Summary of New England Fold Belt Projects Project Licence Commodity Units Area Status 1. Webbs Consol Silver – High grade Silver, Zinc, (km2) Lead bearing lodes – Excellent high-grade drill Webbs Consol EL8933 Silver/Zinc/Lead 16 48 Grante
Slide 21: New England Antimony – Dominant Position in a Highly Strategic Metal
5 Other Lode Resources Antimony and Precious Metals Projects New England Antimony – Dominant Position in a Highly Strategic Metal For personal use only ➢ With the grant of EL9662, Lode secured additional antimony prospects including the historic Magwood Antimony Mine, a former primary producer of an
Slide 22: Magwood Overview
5 Other Lode Resources Antimony and Precious Metals Projects Magwood Overview SW Main NE Old For personal use only Shaft Shaft ➢ The Magwood mine was in production mainly between 1941 and Adit 1A Drill Targets 1970 with recorded yearly production grades ranging from • remanent 4% to 62% Sb and was A
Slide 23: Hillgrove Sb/Au Mineralised Lodes − An Analog for Magwood
5 Other Lode Resources Antimony and Precious Metals Projects Hillgrove Sb/Au Mineralised Lodes − An Analog for Magwood Magwood Hillgrove For personal use only zero drill holes 19,000 drill holes Sb dominant +/- Au ? Drill Target ? Drill Target ? Drill Target ? Au dominant Source: LVR presentation 11
Slide 24: Webbs Consol Silver Project − Silver & Base Metals
5 Other Lode Resources Antimony and Precious Metals Projects Webbs Consol Silver Project − Silver & Base Metals Webbs Consol Silver Project For personal use only located within EL8933 N LDR controls 203 km2 in the Emmaville area LDR controls 2,949 km2 in the FMG Resources Pty Ltd New England Fold Be
Slide 25: Webbs Consol Silver Project − Multiple Lodes Discovered
5 Other Lode Resources Antimony and Precious Metals Projects Webbs Consol Silver Project − Multiple Lodes Discovered N Emmaville Volcanics WCS070: 21.0m @ 122 g/t AgEq WCS071: 13.0m @ 193 g/t AgEq Very high-grade drill core from Tangoa West For personal use only WCS072: 34.0m @ 82 g/t AgEq 2 WCS074:
Slide 26: Webbs Consol Silver Project − Multiple Lodes Discovered
5 Other Lode Resources Antimony and Precious Metals Projects Webbs Consol Silver Project − Multiple Lodes Discovered Hole From To Interval AgEq1 ZnEq1 Ag Pb Zn Cu Endowment Prospect N Emmaville Volcanics WCS070: 21.0m @ 122 g/t AgEq WCS071: 13.0m @ 193 g/t AgEq (m) (m) (m) (g/t) (%) (g/t) (%) (%) (%
Slide 27: Tangoa West – High-Grade Lode Remains Open At Depth and Along Strike
5 Other Lode Resources Antimony and Precious Metals Projects Tangoa West – High-Grade Lode Remains Open At Depth and Along Strike Vertical Section View High-grade core from Tangoa West South North For personal use only 2 Drill hole WCS064: 0.7m @ 1,896 g/t AgEq or 58.68% ZnEq (from 222.4m) Drill Hol
Slide 28: Uralla Gold Project – Dominant Position In A Significant Goldfield
5 Other Lode Resources Antimony and Precious Metals Projects Uralla Gold Project – Dominant Position In A Significant Goldfield From To Interval Gold Hole No. Target (m) (m) (m) (g/t) ➢ The Uralla goldfield was one of the earlier SGRDD002 15.0 41.0 26.0 2.80 Martin Shaft LDR controls 302 sq kms For
Slide 29: Uralla Gold Project - Multiple Walk-up Drill Targets at Hudsons Prospect Group
5 Other Lode Resources Antimony and Precious Metals Projects Uralla Gold Project - Multiple Walk-up Drill Targets at Hudsons Prospect Group Gumtree Prospect KTN007: 14.0m @ 1.24 g/t Au from 68m For personal use only KTN005: 10.0m @ 1.32g/t Au from 9m KTN006: 16.0m @ 0.79g/t Au from 10m Dyke/Gracie P
Slide 30: Conclusions and Next Steps
6 Conclusions and Next Steps Next Steps For personal use only Focus on Tasmania and the New England Fold Belt – highly prospective but very unexplored ➢ Further metallurgical test work from existing stockpile to enhance recoveries of Antimony and 100% ownership of high-grade Australian antimony and
Slide 31: Lode Resources Ltd
For personal use only Lode Resources Ltd Level 5, 1 Margaret Street, Sydney, NSW, 2000 info@loderesources.com.au
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