Lode Resources Corporate Presentation
Released
Released
Announcement PDF
April 2026 Presentation
ASX:LDR
Antimony | Silver | Gold | Tin
Tier-1 Mining Jurisdictions: NSW & Tasmania
Advancing Australia’s Next
Critical Metals Projects
Montezuma Silver &
Antimony Deposit − TAS
MZS19: 2,196 g/t AgEq
over 1m within 776 g/t
AgEq over 9.9m
Magwood Antimony
Deposit − NSW
MAG010: 19.61% Sb over
2.4m within 9.92% Sb
over 4.8m
2
Disclaimer, Competent Person’s Statement, etc.
Disclaimer
The material in this presentation contains certain technical information, including regarding possible or assumed
future performance or potential growth of mineral deposits. Such information is not a guarantee of future
performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the
control of Lode Resources Limited (‘Lode’). Actual results and developments may differ materially from those
expressed or implied by these forward-looking statements depending on a variety of factors. No representation or
warranty, expressed or implied, is made or given by or on behalf of Lode, any of Lode’s directors, or any other
person as to the accuracy or completeness or fairness of the information or opinions contained in this presentation
and no responsibility or liability is accepted by any of them for such information or opinions or for any errors,
omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or
referred to in this presentation. Accordingly, neither Lode nor any of the Lode directors, officers, employees,
advisers, associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss
or damage suffered by any person as a result of relying upon the statement or as a result of any admission in, or
any document supplied with, this presentation or by any future communications in connection with such documents
and any such liabilities are expressly disclaimed. Nothing in this material should be construed as either an offer to
sell or a solicitation of an offer to buy or sell securities.
Competent Person’s Statement
The information in this market announcement that relates to exploration results is based on information compiled
by Mr Jason Beckton, who is a Member of the Australian Institute of Geoscientists. The information in this market
announcement is an accurate representation of the available data. Mr Beckton, who is Non-Executive Director at
Lode, has sufficient experience which is relevant to the styles of mineralisation and types of deposits under
consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012
edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr
Beckton has a beneficial interest as a shareholder and option holder of Lode and consents to the inclusion in this
announcement of the matters based on the information in the form and context in which it appears.
Equivalent Grades Used for Montezuma Silver & Antimony Project 1&2
1. LDR is reporting both Silver & Antimony equivalent grade figures due to interchanging dominance of these
two metals from intercept to intercept. Metal equivalent grade figures are a method of demonstrating overall
metal endowment for all significant metals’ grades in a single grade figure for each intercept and thus allowing
a simpler comparison between intercepts. Montezuma’s reported Silver & Antimony equivalent figures are
based on conversion factors as follows: SbEq(%) = Sb(%) + 0.00281*Ag(g/t) + 0.056*Pb(%) + 0.29*Cu(%)
and AgEq(g/t) = Ag(g/t) + 355*Sb(%) + 20*Pb(%) + 101*Cu(%). Metal equivalent conversion factors were
calculated using 30 December 2024 metal prices of US$34,747/t antimony, US$29.1/oz silver, US$1,912/t
lead and US$8,705/t copper. The antimony price was calculated as an average of several antimony products
in a number of markets. Metal equivalent conversion factors were calculated using a preliminary flotation test
carried out by ALS Metallurgy (Burnie) in September 2019, where recoveries achieved were 74.5% antimony,
77.9% silver, 75.8% lead and 84.8% copper. It is Lode’s opinion that all the elements included in the metal
equivalents calculation have a reasonable potential to be recovered and sold.
2. Tin and Gold assay figures are not included in equivalent figures as gold was not assayed in an early flotation
test.
Most recent reference documents used in this presentation
LDR announcement 12 March 2024 “Significant Auger Drill Program Completed At Uralla Gold Project”
LDR announcement 8 May 2024 “Augur Drilling Defines Multiple Targets at Uralla Gold Project”
LDR announcement 26 August 2024 “Lode Secures Strategic Antimony Prospects”
LDR announcement 23 October 2024 “Advanced High-Grade Antimony & Silver Project Acquisition”
LDR announcement 29 November 2024 “Acquisition of Montezuma Antimony Project Completed”
LDR announcement 9 December 2024 “Montezuma Antimony Project Development Activities Commence”
LDR announcement 21 January 2025 “Montezuma Antimony Project Inaugural High-Grade Assays”
LDR announcement 3 February 2025 “High-Grade Antimony and Silver Drill Intercepts”
LDR announcement 25 February 2025 “Up to 31.9% Antimony and 5,460 g/t silver”
LDR announcement 10 April 2025 “Extensive Drill Programme Underway at Montezuma Antimony Project”
LDR announcement 30 April 2025 “Quarterly Activities Reports for the Period Ended 31 March 2025”
LDR announcement 1 July 2025 “Multiple High-Grade Antimony and Silver Drill Intercepts”
LDR announcement 14 July 2025 “Gold Assays Enhance High-Grade Antimony and Silver Drill Intercepts”
LDR announcement 21 July 2025 “Tin Assays Enhance High-Grade Antimony and Silver Drill Intercepts”
LDR announcement 18 August 2025 “More High-Grade Antimony and Silver Drill Intercepts”
LDR announcement 1 September 2025 “Lode Divests Webbs Consol Silver Project”
LDR announcement 1 September 2025 “Grades up to 2,730 g/t Silver Eq and Deepest Intercept To Date”
LDR announcement 29 September 2025 “Webbs Consol Divestment”
LDR announcement 30 September 2025 “Montezuma Regional High-Grade Silver & Antimony Assays ”
LDR announcement 17 October 2025 “31.1% Antimony Intercepted in Inaugural Drilling at Magwood NSW”
LDR announcement 11 November 2025 “Further High-Grade Drill Results Extend The Montezuma Silver & Antimony Deposit”
LDR announcement 6 January 2026 “Up To 1,948g/t Silver Eq in Latest Drill Results from the Montezuma Silver & Antimony Deposit”
LDR announcement 25 February 2026 “High-grade Antimony and Gold Mineralisation At Rock Abbey”
LDR announcement 4 March 2026 “Lode Secures 155km2 of Highly Prospective Ground in Tasmania’s Premier West Coast Mining District”
LDR announcement 10 March 2026 “Drilling Commences Uralla Gold project”
LDR announcement 17 March 2026 “High Grade Silver and Antimony Identified at Silver Hills”
LDR announcement 24 March 2026 ”Deepest Drill Hole To Date Extends Montezuma Silver & Antimony Deposit To 270m Depth”
LDR announcement 30 March 2026 ”Fourth High Grade Silver & Antimony Prospect Identified in Tasmania”
LDR announcement 1 April 2026 “Revision to Announcements dated 17th and 30th March 2026”
LDR announcement 13 April 2026 “Drilling Commences at Rock Abbey Antimony Prospect”
Montezuma Cautionary Statement
Note grab sampling is selective in nature with resultant assay grades considered to be qualitative rather than quantitative and not
necessarily representative of underlying mineralisation which may actually be lower or higher in grade.
No Material Changes
The Company confirms it is not aware of any new information or data that materially affects the information in this presentation and, in the
case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates
in this presentation continue to apply and have not materially changed.
Lode Resources Ltd | April 2026
2
Investment Highlights
Lode Resources Ltd | April 2026
3
High-Grade Antimony, Silver & Gold Portfolio
Tasmania – Flagship Development with 4 Granted Mining Licenses
• Montezuma Silver–Antimony Project – flagship asset within a broader High-Grade Antimony–Silver District
• Maiden JORC (2012) MRE: 480kt @ 533 g/t AgEq for 8.2Moz AgEq, 65% Indicated Resource
• Granville Tin Project – historic tin district with 3 granted Mining Licenses (MLs) and drilling planned in Q2
New South Wales – High-Grade Discovery & Growth
• Magwood Antimony Project – historic mine grading 4–62% Sb, drilling confirms up to 31% Sb
• Rock Abbey Project - ~7km from Magwood, drilling underway, to confirm repeat antimony mineralisation
• Uralla Gold Project – district-scale system; drilling completed, assays pending
Tier-1 jurisdictions: Tasmania & New South Wales
Experienced exploration and capital markets team
Leveraging Structural Demand for Antimony, Silver & Gold
Lode Resources Ltd | April 2026
4
Structural Demand for Antimony & Precious Metals
• Antimony: critical for defence, batteries and semiconductors; >50% supply controlled by
China, driving Western supply security initiatives
• Silver: essential for solar, electronics and electrification, with growing industrial demand
• Gold: persistent safe-haven demand amid global macro uncertainty
• Tin: critical for solder in electronics; demand rising with AI and electrification amid constrained
supply
Lode Positioned to Deliver Value from Antimony, Silver & Gold
• High-grade antimony, silver and gold portfolio in Tier-1 Australian jurisdictions
• Flagship Montezuma (TAS) supported by Magwood (Sb) and Uralla (Au) growth asset
(NSW)
• Direct leverage to tightening antimony supply and strong precious metals markets
• Multiple near-term catalysts: MRE, drilling and development led by an experienced team
Corporate Snapshot
Lode Resources Ltd | April 2026
5
Share Price (A$/sh)
Corporate Structure
Share Price (13/4/26) $0.16
Shares on Issue 167.8m
Market Capitalisation (at $0.16/share) $26.8m
Cash (Dec Qtr 2025) $3.4m
Divestment of Webbs Consol, ~$12M
equity value for LDR shareholders
• Cash from asset sale: $3.75m
• 115m RCM shares: $4.6m at 4cps
• 2.0% NSR royalty in Webbs Consol
Silver deposit in addition to existing
2.0% NSR royalty Webbs Silver
deposit
Major Shareholders
Board & Management 25%
SG Hiscock & Company 7.4%
Technical Investing 4.0%
25%
Directors &
management
75%
Free Float
Top 100
shareholders
own 86%
1m options, Dec 27 expiry, 15c strike.
Board & Management Own 25% — Strong Alignment
with Shareholders
Directors & Management
Experienced Team Driving Project Development
Lode Resources Ltd | April 2026
6
Andrew Van Heyst
Executive Chairman
Institutional equities and corporate advisory specialist
with 30+ years’ experience in global capital markets.
Former Head of Australian Sales at Merrill Lynch and
ABN AMRO, and most recently Executive Director at
Bridge Street Capital Partners advising small-cap
resource companies.
Resources executive and geologist with 30+ years’
experience advancing ASX-listed companies from
exploration to development. Former resources
analyst with expertise in exploration strategy, project
generation and capital markets.
Resources executive with 30+ years across
exploration, operations and development with
Newmont, Rio Tinto and Oxiana. Former COO of
KGL Resources and Altura Mining; led discovery
of the world-class Pilgangoora lithium deposit.
Geologist with 30+ years’ international experience in
exploration and development. Former Project
Manager of the Palmarejo silver–gold project
(3.1Moz AuEq); currently Managing Director of
European Resources (ASX:ERE) and Non-Executive
Director of American Rare Earths (ASX:ARR).
Ted Leschke
Exec Director Exploration
Keith Mayes
Managing Director
Jason Beckton
Non-Exec Director
Mining executive with 30+ years across exploration,
development and operations in Australia and
Southeast Asia. Former CEO of Atlantic Tin and
Merdeka Copper Gold (IDX:MDKA), led growth
across gold, copper and nickel assets.
Simon Milroy
Non-Exec Director
Mining professional with 20+ years in underground
and surface operations, specialising in execution
and operational management. Third-generation
West Coast Tasmanian miner; experience includes
the redevelopment of the Renison tin mine.
Steve McDermott
Tasmania Operations Manager
Tasmania Projects
Lode Resources Ltd | April 2026
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• Flagship Montezuma Silver-Antimony Project
• Silver Hills Silver-Antimony Prospect
• Granville Tin Project
Project Location
Lode Resources Ltd | April 2026
8
Infrastructure-Rich Location in Tasmania’s West Coast
• Located in one of Australia’s longest producing mining districts
• Surrounded by major operations: Rosebery (Zn-Pb-Cu), Renison Bell
(Sn), Henty (Au) and Mt Lyell (Cu)
• ~14km from Zeehan with access via state highways and mining roads
• Existing processing site at Granville (~15km from Zeehan) supports
potential brownfield development
• Access to established services, skilled workforce and smelting
pathways (Hobart, Port Pirie)
• Licensing & Project Maturity: Fully permitted with 4 MLs,
demonstrating readiness for near-term development.
TASMANIA: Montezuma Silver-Antimony Project
Montezuma: Near-Term High-Grade Silver–
Antimony Development Opportunity
Maiden JORC (2012) Mineral Resource Estimate
(MRE) of 480kt @ 533 g/t AgEq1 for 8.2Moz
AgEq1confirms high-grade, structurally controlled
mineral system
High-grade silver-antimony deposit with accessory
Cu, Au, Pb and Sn credits.
Metallurgical test work supports high-grade
concentrates and leaching with strong recoveries
Granted Mining Lease, and nearby Granville
processing enables capital-efficient development.
Lode Resources Ltd | April 2026
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Project Snapshot
Montezuma Core &
Drilling Feb ‘26
TASMANIA
TASMANIA: Montezuma Silver-Antimony Project
Montezuma Maiden MRE (JORC 2012)
• Defined mineralisation to ~250m depth and ~300m strike, open in
multiple directions
• High-grade, structurally controlled mineral system
• Resource remains open along strike and down dip
• Assays pending – potential for further expansion
• Additional upside from gold and tin not yet included in AgEq1
Lode Resources Ltd | April 2026
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Key Highlights
• 480kt @ 533 g/t AgEq1 for 8.2Moz AgEq1
• 65% Indicated Resource
• 200 g/t AgEq1 cut-off demonstrating strong underground
mining potential
• Defined by 59 diamond drill holes (8,446m), includes 37
resource holes from current program
TASMANIA
TASMANIA: Montezuma Silver-Antimony Project
Table 1. Montezuma Indicated and Inferred Mineral Resource Estimate AgEq1 > 200g/t
High-grade Silver–Antimony System with Clear Pathway to Scale at Montezuma
Classification K Tonnes Ag g/t Au ppm Cu % Pb % Sb % Sn % S % As % Ag_eq g/t
Indicated Resource 310 172 0.63 0.58 1.98 1.01 0.53 13.7 2.9 621
Inferred Resource 170 173 0.57 0.7 1.35 0.31 0.31 18.9 3.6 375
Total 480 173 0.61 0.62 1.75 0.76 0.45 15.6 3.2 533
Montezuma Silver & Antimony Deposit
• Strong metallurgical recoveries achieved
• Maiden JORC (2012) MRE enabling development studies
and permitting
• Pre-Feasibility Study (PFS) targeted by end-2026
• Multiple regional silver-antimony targets identified across
the West Coast mining district
Granville Processing Infrastructure (Brownfields Site)
• Established plant footprint, tailings dam and water supply
• Access to power, roads and regional mining services
• Brownfield site supports a lower-capital pathway to
production
• Potential downstream processing via Hobart and Port Pirie
smelter
Lode Resources Ltd | April 2026
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Capital-Efficient Development Pathway
Empty Tailings
Dam
Beneficiation
Plant Footings
Raw Water
Dam
TASMANIA
TASMANIA: Montezuma Silver-Antimony Project
Initial Surface & Drill Sampling − Long Section
Lode Resources Ltd | April 2026
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MZS01
4.80m @
0.44% Sb
58 g/t Ag
0.28 g/t Au
MZSFW6
3.80m @
1.23% Sb
443 g/t Ag
1.23 g/t Au
MZSFW3
10.50m @
2.98% Sb
263 g/t Ag
0.71 g/t Au
MZSFW2
8.00m @
2.13% Sb
223 g/t Ag
0.72 g/t Au
MZSFW8
5.00m @
2.75% Sb
280 g/t Ag
1.12 g/t Au
MZSFW5
8.60m @
5.02% Sb
738 g/t Ag
0.70 g/t Au
SGD+0:
6.01%
Sb
446
g/t
Ag
10.6%
Pb
SGD+5:
18.30%
Sb
3,050g/t
Ag
18.9%
Pb
SGD+40:
5.73%
Sb
175
g/t
Ag
11.00%
Pb
SGD+35:
4.36%
Sb
124
g/t
Ag
13.81%
Pb
g
SGD+30:
16.90%
Sb
640
g/t
Ag
16.70%
Pb
SGD+25:
24.50%
Sb
501
g/t
Ag
39.08%
Pb
SGD+15:
17.2%
Sb
399
g/t
Ag
29.68%
Pb
SGD+10:
10.10%
Sb
1,950
g/t
Ag
14.00%
Pb
SGD+50:
5.12%
Sb
986
g/t
Ag
18.50%
Pb
SGD+45:
10.40%
Sb
158
g/t
Ag
17.5%
Pb
Open
Open
Modelled
Montezuma
Structure
MZSFW7
7.00m @
3.57% Sb
432 g/t Ag
1.03 g/t Au
MZSFW1
9.50m @
1.86% Sb
291 g/t Ag
0.38 g/t Au
MZS04
7.90m @
0.14% Sb
25 g/t Ag
0.31 g/t Au
MZSFW4
9.00m @
0.17% Sb
98 g/t Ag
0.52 g/t Au
MZS03
4.80m @
2.31% Sb
329 g/t Ag
0.48 g/t Au
MZS02
3.00m @
1.79% Sb
101 g/t Ag
0.51 g/t Au
TASMANIA
TASMANIA: Montezuma Silver-Antimony Project
Planned Drilling
Lode Resources Ltd | April 2026
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TASMANIA
TASMANIA: Montezuma Silver-Antimony Project
Key Priorities
Infill drilling to upgrade
Inferred resource to
indicated to support
PFS
Extension drilling to
test for deeper zones
of mineralisation
Geotechnical and
hydrological drilling to
support the PFS
• MRE completed with 8,000–10,000m
drilling program underway defining the
Montezuma silver–antimony deposit
• Initial resource targeting ~300m strike x
250m depth with 1 ML granted
• 30 holes completed delivering 92
mineralised intercepts.
• 22 intercepts >1000 AgEq g/t.m (22%)
• 44 intercepts >500 AgEq g/t.m (42%)
• 87 intercepts >100 AgEq g/t.m (83%)
• Numerous mineralised daughter
structures add to bulk tonnage potential
• Individual assays up to 4,035 g/t AgEq
• Best intercept to date - 9.9m @ 776 g/t
AgEq (MZS19) incl. 2.6m @ 1,981
g/t AgEq and 1.6m @ 2,491 g/t AgEq
Lode Resources Ltd | April 2026
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Active Drilling Defining a High-grade Silver-Antimony Deposit
TASMANIA: Montezuma Silver-Antimony Project
Open
Open
Open
Open
350m
depth
Exploration Adit
& Previous
Drilling
Open
South North
Planned Extension
Drilling to 350m
Depth
Approx. coalescence
line of Footwall Lode
and Hanging Wall Lode
Hanging Wall
Lode
Footwall Lode
Open
Open
• Historic Fahlore and Blocks East mine
workings returned high-grade
Antimony-Silver-Copper samples
confirming strong mineralisation:
• Best Fahlore results include:
• 2,480 g/t Ag, 2.35% Sb and 3.19% Cu
• 2,060 g/t Ag, 2.30% Sb and 3.12% Cu
• 1,610 g/t Ag, 1.01% Sb and 0.83% Cu
• 670 g/t Ag, 1.65% Sb and 3.73% Cu
• 631 g/t Ag, 1.27% Sb and 0.86% Cu
• 554 g/t Ag, 0.17% Sb and 1.29% Cu
• 466 g/t Ag, 0.52% Sb and 0.71% Cu
• 464 g/t Ag, 0.48% Sb and 0.66% Cu
• Best Blocks East results include:
• 5,650 g/t Ag, 8.04% Sb and 8.42% Cu
• 5,120 g/t Ag, 7.73% Sb and 7.73% Cu
• 4,070 g/t Ag, 4.40% Sb and 3.95% Cu
• 1,630 g/t Ag, 3.07% Sb and 2.14% Cu
• 666 g/t Ag, 0.84% Sb and 1.01% Cu
• 615 g/t Ag, 0.64% Sb and 0.73% Cu
• 306 g/t Ag, 0.72% Sb and 0.26% Cu
• Results highlight district-scale silver–
antimony exploration potential
Lode Resources Ltd | April 2026
15
High-Grade Silver-Antimony Mineralisation Across the District
TASMANIA
TASMANIA: Montezuma Silver-Antimony Project
Blocks East mine
workings and
dump assays
Montezuma Development Pathway
Development Strategy & Next Steps at Montezuma
Lode Resources Ltd | April 2026
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Quarter: 4Q CY25 1Q CY26 2Q CY26 3Q CY26 4Q CY26
Complete current drilling programme
Maiden Mineral Resource Estimate (MRE)
Expand MRE through deeper drilling
Ore Sorting tests
Flotation & Leaching test work
High-grade antimony sulphide feedstock for smelters
Resource Expansion– Multiple additional targets are
being defined using Montezuma model
Offtake discussions – multiple enquiries received from
global metal traders, government agencies, corporates,
etc., with various offers of funding
Pre-Feasibility Study
STAGE 1
Resource
Definition
STAGE 2
Metallurgy
& Studies
STAGE 3
Development
TASMANIA: Montezuma Silver-Antimony Project
High-Grade Silver–Antimony System Surrounding Historic Mt
Bischoff Mine
Exceptional Grade System Confirmed
• Up to 9,370 g/t Ag, 18.6% Sb, 81.0% Pb from surface sampling
Tier-1 Location surrounding historic Mt Bischoff Mine
• Mineralisation over ~300m strike with multiple historic workings
District-Scale Potential
• Comparable to Montezuma & Fahlore
• Expands portfolio to three high-grade TAS silver–antimony assets
Near-Term Catalysts
• Drill approvals submitted, targeting first drilling
• Landholding expanded to ~250 km² with ongoing exploration
New Tin Assays at North Valley Lodes
• Returning high-grade tin, up to 3.6% Sn (1.4% average)
Lode Resources Ltd | April 2026
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Silver Hills Project (TAS) – High-Grade Silver–Antimony
TASMANIA: Silver Hills Project
Silver Cliffs mine
workings and
dump assays
High-Grade Tin Potential in a Historic West
Coast Mining District of Tasmania
• Tin-magnetite skarn deposit historically mined at
Granville East
• 8km from Lode’s Granville processing facility,
supporting potential capital-efficient development
pathway
• Granted 3 MLs
• Near-Term Catalysts:
• In-pit sampling complete, results imminent
• Drilling to commence in Q2
Lode Resources Ltd | April 2026
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Granville Tin − Strategic Optionality
TASMANIA: Granville Tin Project
Sampling complete- results imminent
NSW Projects
Lode Resources Ltd | April 2026
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• New England Antimony Project
• Magwood Antimony Mine
• Rock Abbey Gold-Antimony Prospect
• Uralla Gold Project
Project Location − New England Antimony Project
New England region of NSW, ~35km northeast of Hillgrove Mine
Multiple Antimony
Prospects
Lode’s EL9662
1,105 km2
Hillgrove Antimony & Gold Mine
Magwood Antimony
Mine
NSW: New England Antimony Project
Lode Resources Ltd | April 2026
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High-Grade Drill assays up to 31.1% stibnite
(Sb) from inaugural program:
• 9.92% Sb over 4.8m (MAG010)
• incl. 19.61% Sb over 2.4m
• incl. 28.57% Sb over 1.3m
Additional Mineralisation Identified:
• 3.08% Sb over 12.4m recovered from stope voids
(MAG002)
• Indicates high-grade stibnite within historic workings
Strong Exploration Upside:
• Potential for unmined high-grade antimony veins
adjacent to historic workings
• Historic mining completed with zero drilling
Next steps:
• Model historical workings to refine drill targeting
• Soil sampling across 2.5km strike
• Test additional targets, including nearby gold
mineralisation
• Follow-up drilling underway
Drilling Confirms High-Grade Antimony System
Lode Resources Ltd | April 2026
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MAG01
0
MAG006
MAG005
MAG004
MAG003
MAG002
MAG008
MAG007
7.1m @ 0.04% Sb from 74.3m*
2.0m @ 0.17% Sb from 77.0m
0.2m @ 1.75% Sb from 79.5m
0.2m @ 19.20% Sb from 81.5m
1.0m @ 0.25% Sb from 81.5m
1.5m @ 0.86% Sb from 81.5m
12.4m @ 3.08%
Sb from 85m*
*Stope fill with stibnite mineralisation
0.7m @ 0.88% Sb from 74.3m
1.9m @ 2.20% Sb from 77.0m
1.7m @ 2.66% Sb from 79.5m*
4.8m @ 9.92% Sb from 81.5m
incl. 2.4m @ 19.61% Sb from 82.0m
incl. 1.3m @ 28.57% Sb from 82.0m
3.0m @ 1.96% Sb from 103.0m
incl. 0.3m @ 16.60% Sb from 104.0m
0.5m @ 0.20% Sb from 107.2m
MAG001
NSW
NSW: Magwood Antimony Project
Regional Exploration − Rock Abbey Project
Rock Abbey Project, NSW
• Gold and Antimony Mineralisation
controlled by microdiorite dyke
swarm, providing clear exploration
targeting
• Parallel mineralised structure
identified ~1km from main
Magwood vein
• Rock Abbey prospect identified
~7km southwest of Magwood
• Grab samples up to 37.7% Sb
confirm additional high-grade
antimony potential
• Results highlight district-scale
antimony exploration upside
across the tenement
• Initial 18-hole drill program
underway
Rock Abbey
Magwood
Sample Sb Au
Number % g/t
R568 0.23 0.24
R569 37.70 0.04
R570 28.90 0.10
R571 31.50 0.12
R572 23.10 0.10
R573 28.30 0.54
R574 19.50 0.05
R575 0.37 0.01
R579
R580
R581
R582
R583
Awaiting assays
Awaiting assays
Awaiting assays
Awaiting assays
Awaiting assays
Drill Hole From To Interval Sb
Number (m) (m) (m) (%)
MAG010 74.3 75.0 0.7 0.88
MAG010 77.0 78.9 1.9 2.20
MAG010 81.5 86.3 4.8 9.92
incl. 82.0 84.4 2.4 19.61
incl. 82.0 83.3 1.3 28.57
MAG010 103.0 106.0 3.0 1.96
incl. 104.0 104.3 0.3 16.60
MAG010 107.2 107.7 0.5 0.20
NSW: Rock Abbey Project
Lode Resources Ltd | April 2026
22
Uralla Gold Project, NSW
Intrusive-related gold project in the
New England region of NSW
• Location: ~300km² landholding
covering the historic Uralla goldfield,
northern NSW
• Commodity: Gold mineralisation
interpreted as an Intrusive Related
Gold System (IRGS) linked to the
Uralla Granodiorite
• Historic Validation: Uralla was a
major NSW gold producer in the
1850’s
• Exploration Potential: Key structures
including the “Bonanza” Dyke and N–
S trends provide strong drill targets
Project Snapshot − Uralla Gold Project
Lode Resources Ltd | April 2026
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NSW
Site visit: Armidale core shed
Current drilling at Uralla
NSW: Uralla Gold Project
Uralla Gold Project, NSW
Broad gold mineralisation confirmed across multiple
prospects
• Multiple shallow gold targets identified across the Hudsons
Prospect Group
• Drilling confirms broad zones of gold mineralisation across
several prospects
• Mineralisation associated with major N–S structures and
felsic dykes
• Circular geophysical feature may represent intrusive source at
depth
• Drilling Completed, Assays Pending
Key drill highlights:
• 26m @ 2.80 g/t Au
• 18m @ 3.51 g/t Au
• 20m @ 2.33 g/t Au
• 15m @ 2.09 g/t Au
Lode Resources Ltd | April 2026
24
Multiple Gold Targets Confirmed − Uralla Project
Gumtree Prospect
KTN007: 14.0m @ 1.24 g/t Au from 68m
KTN005: 10.0m @ 1.32g/t Au from 9m
KTN006: 16.0m @ 0.79g/t Au from 10m
Dyke/Gracie Prospects
KTN010: 15.0m @ 2.09g/t Au from 12m
KTN011: 5.0m @ 1.04 g/t Au from 16m
KTN012: 6.0m @ 0.75g/t Au from 39m
Circular feature potentially representing an
intrusive stock at depth
Martins Shaft Prospect (intercepts > 24 g.m)
SGRDD002: 26.0m @ 2.80 g/t Au from 15.0m
SGRDD004: 18.0m @ 3.51 g/t Au from 52.0m
SGRDD014: 20.0m @ 2.33 g/t Au from 16.0m
SGRDD008: 24.0m @ 1.88 g/t Au from 73.0m
SGRDD010: 35.0m @ 1.10 g/t Au from 78.0m
SGRRC004: 24.0m @ 1.60 g/t Au from 4.0m
SGRRC017: 26.0m @ 1.20 g/t Au from 76.0m
SGRRC003: 29.0m @ 1.21 g/t Au from 25.0m
SGRRC003: 33.0m @ 0.91 g/t Au from 29.0m
SGRRC001: 27.1m @ 1.06 g/t Au from 0.0m
SGRRC006: 17.0m @ 1.61 g/t Au from 35.0m
SGRRC035: 22.0m @ 1.15 g/t Au from 90.0m
SGRRC005: 15.0m @ 1.60 g/t Au from 23.0m
NSW
NSW: Uralla Gold Project
Uralla Gold Project − Walk-up Drill Targets & Potential at Depth
Circular feature
potentially representing
an intrusive stock at
depth
Dyke Lode anomaly
KTN010: 15.0m @ 2.09g/t Au from 12m
KTN011: 5.0m @ 1.04 g/t Au from 16m
KTN012: 6.0m @ 0.75g/t Au from 39m
Untested
anomalies
NSW
NSW: Uralla Gold Project
Lode Resources Ltd | April 2026
25
Multiple catalysts expected to drive resource growth and shareholder value
Value catalysts 2026-2027
Lode Resources Ltd | April 2026
26
Maiden JORC (2012) MRE confirms high-grade silver–antimony system with clear pathway to scale at Montezuma
Metallurgical optimisation targeting high-grade silver and antimony concentrate production
Pre-Feasibility Study (PFS) and strategic offtake engagement amid rising demand for antimony supply outside China
Magwood antimony discovery growth through follow-up drilling and corridor expansion
Completed Drilling at Uralla targeting high-grade gold, with assays pending
Drilling underway at Rock Abbey Antimony prospect, early stage but analogous to Magwood
Lode Resources Ltd
Suite 506, Level 5, 50 Clarence St,
Sydney NSW 2000
info@loderesources.com
Contact
Lode Resources Ltd | April 2026
27
IR & Media Contact
Pia Lehman
Pia@taumedia.com.au
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