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Lord Resources Limited ( (AU:LRD) ) has provided an announcement.
Lord Resources Limited has issued over 4.2 million fully paid ordinary shares to acquire an 80% interest in the Ilgarari Copper Project through an Earn-in agreement with Blackrock Resources Pty Ltd. This strategic move, executed under the company’s existing placement capacity, strengthens Lord Resources’ position in the copper mining industry and potentially enhances its growth prospects, benefiting stakeholders by expanding its mineral resource base.
More about Lord Resources Limited
Lord Resources Limited operates in the resources sector, focusing on mineral exploration and development. The company primarily deals with acquiring and developing mineral rights, with a significant market focus on copper resources.
YTD Price Performance: 20.0%
Average Trading Volume: 190,870
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.76M
Learn more about LRD stock on TipRanks’ Stock Analysis page.
