Australia's Lode Resources up on silver-zinc-lead find at project

Lode Resources

14/12/2021 02:48

** Shares of copper and gold explorer  LDR.AX  rise as much
as 7.5% to A$0.215, on track for biggest intraday pct gain since
Nov 24  
    ** Co says first-phase drilling at Webbs Consol project in
New England region of New South Wales has intercepted
significant silver-zinc-lead mineralization  urn:newsml:reuters.com:*:nASX6Dy49V
    ** Says preliminary flotation testwork indicates silver
recoveries of up to 97.3%, zinc recoveries up to 98.7% and lead
recoveries of 94.7%  urn:newsml:reuters.com:*:nGLF60q4tM
    ** Adds that potency indicates the potential for low-cost
industry standard beneficiation and a high quality
silver-zinc-lead product 
    ** Shares hit highest since Dec 8
    ** Stock has risen 48.1% since its IPO on July 2

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))