Lode Resources Limited has reissued its announcement regarding the maiden Mineral Resource Estimate for its wholly owned Webbs Consol project located in the New England Fold Belt of northeastern New South Wales. The announcement corrects previous metal price assumptions used to calculate metal equivalent values. The new calculations, based on updated spot metal prices and metallurgical recoveries, now include gold grades in the resource estimate and confirm that the break‐even cut‐off grade remains at 140g/t AgEq. The estimate, classified under the 2012 JORC Code, outlines an inferred and indicated resource comprising 1.57 million tonnes averaging 636g/t AgEq, equivalent to approximately 32 million ounces. The technical details explain that metal equivalents are calculated using the formula AgEq(g/t) = Ag(g/t) + 61×Zn(%) + 33×Pb(%) + 107×Cu(%) + 88×Au(g/t), based on specific commodity prices and recovery rates (for example, silver at US$18.5/oz with a 97.3% recovery). The announcement also details revised assumptions that include lower silver prices, reduced mining costs with owner-operated sub-level cave mining, a lower exchange rate, and enhanced mining recovery reflective of a bulk style mining approach. Further information in the report covers extensive drilling data, including 97 drill holes totaling over 11,000 meters, and describes the geological model of multiple steeply dipping, high-grade silver-zinc-lead mineralised pipes that stretch along a 3km strike. Detailed block modeling parameters, compositing methods, and quality control procedures underpin the resource estimate, offering transparency into the robust technical work behind the figures. The project’s historical mining background is also emphasized, with mining activity reported as early as 1884 and modern exploration programs conducted over the past four years. Market sentiment based on the news appears mixed. On the bullish side, the corrected and detailed Mineral Resource Estimate reinforces the high-grade nature of the deposit and the potential for economic extraction using established underground mining methods. The company’s plans for additional infill and extension drilling, along with continued exploration across adjacent projects, signal opportunities for future upside. On the bearish side, the recent correction and reliance on revised technical assumptions may introduce some uncertainty for beginner traders, especially given the inherent risks associated with early-stage mining projects and the reliance on projected metallurgical recovery and commodity price assumptions. Overall, however, the announcement underlines significant progress in resource delineation, potentially positioning Lode Resources Limited well for future exploration and development milestones.