Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • Lord Resources’ share price jumped 139% to AUD 0.055 on 17 September following the announcement of copper mineralisation at Ilgarari.

  • A 20.2m copper interval was logged in drillhole 25IRC006D, supporting the interpretation of a supergene-enriched zone above sulphide mineralisation.

  • First assay results from the program are expected in October 2025, with additional zones of primary mineralisation intercepted.

Lord Resources Limited (ASX:LRD) reported a sharp increase in its share price on 17 September 2025, rising 139% during the trading session to close at AUD 0.055 per share. The move followed the Company’s announcement of visual copper mineralisation across multiple holes at its Ilgarari Copper Project in Western Australia.

Copper Mineralisation Intercepts

A key highlight from the ongoing program was the logging of a substantial 20.2-metre interval of copper minerals in drillhole 25IRC006D from 158.5m to 178.7m. The intercept is located approximately 60 metres down-dip and 100 metres along strike from historic copper hits, reinforcing the potential for a supergene-enriched zone above sulphide mineralisation.

Additional zones of primary mineralisation have been intercepted, including in drillholes 25IRC007D and 25IRC009D. These holes revealed up to 5% chalcopyrite by rock volume in quartz breccia within a wider fault zone. Both holes were co-funded under the Western Australian Government’s Exploration Incentive Scheme (EIS).

Drilling Program and Progress

The current reverse circulation (RC) drilling program covered 2,280 metres over 11 holes, with eight of the holes serving as pre-collars for diamond drilling. Drillhole 25IRC003 was abandoned due to technical challenges but is being re-drilled as 25IRC011D with a diamond tail. Four diamond tails remain in progress.

Any RC samples showing visible copper mineralisation, including malachite, chalcopyrite, and chalcocite, or elevated portable XRF readings have been dispatched for laboratory testing. The first assay results are expected in October 2025.

Strategic Location and Project Background

The Ilgarari Copper Project is located 110 kilometres south of Newman and 130 kilometres north of the former DeGrussa copper mine, adjacent to the Perth-to-Newman highway within licence area E52/2274.

Lord Resources has an earn-in agreement for up to 80% of the mineral rights below 120 metres at Ilgarari and has also lodged applications for full ownership of licences E52/4403 and E52/4405. The district contains historic copper workings and remnant oxide mineralisation not included in the current earn-in.

Next Steps

Lord Resources outlined the next stages for its exploration program:

  • Completion of the current drilling program and sampling.

  • Assessment of options to extend drilling beyond the current scope.

  • Reporting of assay results, expected in October 2025.

The Company acknowledged the support of the WA Government’s Exploration Incentive Scheme, which provides 50% co-funding for the deep diamond drillholes.