Lode Resources Ltd has announced that the first gold assays from its extensive drill campaign at the Montezuma Antimony & Silver Project have been received, significantly enhancing previously reported high‐grade antimony and silver intercepts. The drilling program, which comprises roughly 50 to 60 holes over an 8,000 to 10,000‑meter length, has already delivered promising intercepts, including several drill holes that recorded antimony equivalents of up to 9.16% SbEq (with 3254 g/t AgEq and 1.54 g/t Au over 1.5 meters) and multiple intercepts with strong silver equivalent values combined with measurable gold grades. These new gold assay figures add a valuable dimension to the deposit, although gold was not incorporated into the calculated equivalent figures due to pending comprehensive flotation test results by ALS Metallurgy. The technical details reveal that the mineralisation occurs in both semi‑parallel hanging wall and footwall lodes as well as through numerous stockwork vein zones and remains open along strike and at depth. Lode Resources Ltd is reporting both antimony and silver equivalent figures due to the alternating dominance of these metals from one intercept to the next. The geological setting of the Montezuma deposit in Tasmania’s West Coast Mining Province, hosted within a series of turbidites, siltstones, sandstones and black shales, underscores its potential as a critical mineral asset. Additional drilling results are expected shortly and further exploration will target other areas considered prospective for critical minerals. The updated assay results and strategic positioning of Montezuma also align with the Tasmanian Government’s Critical Minerals Strategy, emphasizing the importance of securing domestic sources of critical metals such as antimony. With antimony prices reaching record levels amid tightened global supply conditions—and export restrictions from major producers like China—the project’s outlook appears to be bolstered by both technical success in drilling and favorable market fundamentals. Bullish sentiment is supported by the high-grade intercepts and the additional gold assays that underpin the overall resource endowment, reinforcing Montezuma’s status as Tasmania’s only antimony project. The robust drilling results, combined with the critical nature of antimony in global markets and supportive government policies, create strong potential for future exploration and development. On the other hand, some caution may be warranted given ongoing metallurgical testing, the inherent risks in exploring structurally controlled deposits in rugged terrains, and the uncertainties surrounding full resource recovery, which could pose short-term challenges for project economics.