Key Highlights

  • Lion Rock Minerals shares traded up 7.69% at $0.014 during the 11 November 2026 trading session.
  • First laboratory assays confirmed high-grade rare earth mineralisation starting at surface at Minta Est.
  • The company completed a 761-hole alluvial drill campaign of 3,485 metres, with results to be reported in batches.

During the Trading session on 11 November 2026, Lion Rock Minerals Ltd (ASX:LRM) shares were trading at $0.014 by late morning, up 7.69%. The S&P/ASX 200 (ASX:XJO) was down about 0.06% at 9,123.90 at 12:19 pm over the same period. Lion Rock is a mineral explorer with its Minta Est project and rutile tenements. On 29 October 2026, the company announced its September 2026 quarterly activities report.

 

High-Grade Rare Earths at Minta Est

Lion Rock reported that first laboratory rare earth assays confirmed high-grade, monazite-hosted rare earth mineralisation starting at surface and open at depth at Minta Est. Significant intercepts included 2.3 metres at 4.54% total rare earth oxide from surface and 3 metres at 3.40% from surface. Saprolite grades of up to 21.15% total rare earth oxide were reported beneath the sand sequence, which the auger drilling could not penetrate.

 

Rare Earth Basket

The company said the rare earth basket is magnet-rich, with consistent neodymium-praseodymium results of 21% to 24% of the total rare earth oxide. Dysprosium and terbium make up 0.6% to 1.6%.

 

Drill Campaign

The company completed a 761-hole alluvial drill campaign at Minta Est in late August 2026, delivering 3,485 metres across roughly 50 kilometres of rivers and tributaries. Lion Rock said this is the largest systematic assay program at Minta Est to date, with results to be reported in batches over the coming months.

 

Rutile Province

Lion Rock also reported a high-grade Mboma–Loum residual rutile corridor across 130 square kilometres, with peak grades of up to 72.7% rutile in heavy minerals and 3.32% in-situ rutile. A third high-grade rutile discovery was reported at a neighbouring tenement, with grades up to 66.3% rutile in heavy minerals.

 

Sector Context

Rare earths and heavy mineral sands explorers are linked to Demand for magnets and specialty materials. Company valuations often rest on drilling outcomes and on the potential for those results to be developed into a project, and small-cap explorers commonly move on assay news.

 

Key Risks

The assays are early results, and the remaining results from the 761-hole campaign will be reported in batches over the coming months. The diamond drilling needed to test the depth of the saprolite has not yet been completed. Rare earth prices and processing outcomes are uncertain, and exploration at this stage requires further funding.

 

What to Watch Ahead

Investors will be watching the batched assay results from the Minta Est campaign, the planned diamond drilling to test the depth extent of the saprolite and further rutile work across the three tenements. The company’s next Quarterly Report will provide further updates on programs and spending.

 

Final Word

Lion Rock’s trading session on 11 November 2026 came as the company reported early rare earth assays from Minta Est. The batched results will show whether the surface mineralisation extends across the wider area.