Lord Resources Limited Initiates Ilgarari Heritage Survey, Targeting High-Grade Copper and Magnetic Anomalies Ahead of Drilling Program.
Tuesday, June 3, 2025
at
9:56 am
Lord Resources Limited is advancing copper exploration at its Ilgarari Copper Project in Western Australia. A heritage survey, in collaboration with local indigenous groups, targets high-grade copper zones and magnetic anomalies to prepare for upcoming drilling—unlocking promising potential for future growth.
Lord Resources Limited announced that a heritage survey has commenced at its Ilgarari Copper Project in Western Australia, marking a significant step ahead of an extensive drilling program. The survey, focused on the Main and Alac zones where previous work has revealed high-grade copper mineralisation and strong magnetic anomalies, is designed to refine drill access preparation and timetable for rig mobilization. Key technical drill results from earlier work include notable intercepts such as 17 meters at 1.27% copper (with an interval of 7 meters at 2.04% copper) and similar encouraging values from other RC (reverse circulation) drill holes, which have helped to map out the mineralised structure in these zones.
The survey is being conducted in collaboration with the Ngarlawangga Aboriginal Corporation RNTBC, underscoring Lord Resources Limited’s commitment to working closely with native title holders in the area. Data gathered from the survey will help in planning both RC drilling to test extensions of known mineralisation and diamond drilling targeted at a regionally significant magnetic high that lies beneath existing copper mineralisation. Magnetic inversion models presented alongside the announcement show a 270nT magnetic high between the Main and Alac zones—with an additional model indicating a magnetic high situated down-dip of high-grade drilling areas—which further supports the project's exploration potential.
Market sentiment from the news appears mixed. On the bullish side, the commencement of the heritage survey and the previously reported high-grade copper intercepts are positive indicators that signal promising exploration opportunities. The technical data, coupled with the initiation of targeted drilling programs, could enhance confidence among investors looking for advances in copper exploration. Furthermore, the company’s collaborative approach with indigenous stakeholders adds a strong governance aspect to the project. Conversely, from a bearish perspective, investors should remain cautious as these findings are early-stage and subject to the uncertainties typical of exploration ventures. The forward-looking nature of the project, combined with inherent risks in drilling results and commodity market fluctuations, means that while potential is evident, actual economic viability remains to be fully demonstrated.
Overall, the announcement signals a proactive phase for Lord Resources Limited as it steps into a key phase of site preparation and drill rig mobilization, potentially setting the stage for further discoveries in a region known for its mining assets.