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The latest update is out from Peak Minerals ( (AU:LRM) ).
Lion Rock Minerals Ltd has identified a significant source of monazite and heavy rare-earth elements at its Minta Est project in Cameroon. The discovery of monazite-enriched granite, which contains high concentrations of valuable minerals such as dysprosium and terbium, positions the company to enhance its market value and shareholder returns. The company is initiating an infill drilling program to further explore these mineral-rich zones, highlighting the potential for high-value mineral sands deposits in the area. This development is part of Lion Rock’s broader strategy to advance its rare earth and rutile exploration initiatives.
More about Peak Minerals
Lion Rock Minerals Ltd (ASX: LRM) is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in the extraction of rare earth elements and rutile, with a strategic partnership with Tronox Holdings plc to further its exploration efforts.
YTD Price Performance: 200%
Average Trading Volume: 6,087,351
Technical Sentiment Signal: Sell
Current Market Cap: A$82.73M
Find detailed analytics on LRM stock on TipRanks’ Stock Analysis page.