Lord Resources Limited (ASX: LRD) is an Australian exploration company that identifies and develops high-potential mineral projects. The company has recently advanced its exploration efforts at the Ilgarari Copper Project in Western Australia, aiming to capitalise on the region’s rich mineral potential.

Prominent Gravity Anomalies Unveiled

A detailed ground gravity survey conducted by Lord Resources has revealed significant gravity anomalies at the Ilgarari Copper Project. Notably, a prominent gravity low directly maps the Ilgarari Fault, with the strongest features interpreted as dilation zones. These zones coincide with areas of known copper sulphide mineralisation and historical workings, suggesting they may serve as structural traps for mineralisation.

Additionally, a second gravity low has been identified further northeast along the Ilgarari Fault, indicating further structural complexity and significant exploration potential. The survey also detected several gravity-high features in the footwall zone of the Ilgarari Fault, aligning with chargeability anomalies from previous IP surveys, highlighting potential zones of dense, chargeable drill targets.

Strategic Developments and Next Steps

Following the successful completion of due diligence, Lord Resources has paid the consideration and formally commenced the earn-in agreement to acquire an 80% interest in all rights to minerals at the Ilgarari Copper Project located below 120 meters from the natural surface. Under the earn-in agreement with Blackrock Resources Pty Ltd (Blackrock), Lord has paid a further $75,000 in cash and issued 4,226,392 ordinary fully paid shares to Blackrock, utilising its existing placement capacity.

The company plans to conduct a ground-based electromagnetic (EM) survey to accurately map subsurface features associated with the identified gravity and IP anomalies. This survey aims to provide critical insights into potential copper sulphide mineralisation along the Ilgarari Fault. The EM survey will cover the Alac and Main zones and the newly defined gravity low. Upon completion of the EM and heritage surveys, drilling will commence to test the geophysical targets and explore extensions down-dip and along strike of historic drill results.

Growth Opportunities

The identification of these gravity anomalies, particularly the untested gravity low 4 km northeast along the Ilgarari Fault, presents new exploration opportunities for Lord Resources. The company’s systematic approach, integrating gravity, IP, and magnetic survey results, aims to accurately delineate high-priority drill targets, maximising the likelihood of intersecting mineralisation.

CEO Andrew Taylor stated that the gravity survey results had surpassed expectations, revealing significant anomalies that present valuable new exploration targets. He added that as major exploration programs commence, these findings mark a crucial step toward unlocking the full potential of the Ilgarari Copper Project.

Lord Resources’ strategic developments at the Ilgarari Copper Project underscore its commitment to advancing exploration efforts and capitalising on identified growth opportunities in Western Australia’s mineral-rich landscape.