Lode Resources Ltd has advanced its drilling programme at the Montezuma Antimony & Silver Project in Tasmania’s renowned West Coast Mining Province with the recent receipt of tin assay results from the first nine drill holes of a 50–60-hole campaign. The new tin data, which include grades of up to approximately 3% tin over widths reaching 9.2 m, supplement earlier high‐grade intercepts that reported exceptional antimony and silver mineralisation. Drill hole intercepts from zones in both hanging wall and footwall lodes now reveal a robust polymetallic system enriched in antimony, silver, gold, copper, and lead. Conversion calculations, using industry-standard factors based on December 2025 metal prices, show strong SbEquiv and AgEquiv values that underscore the extensive metal endowment of the deposit. The technical details indicate that every drill hole reported so far has intersected mineralised zones, with some intercepts recorded at over 9.16% SbEquiv alongside significant silver equivalent grades. The programme, which has already accrued between 8,000 and 10,000 m of drilling, is designed to quantify and extend the mineralisation both along strike and at depth. The company has also engaged ALS Metallurgy in Burnie, along with facilities in Brisbane and Townsville, to undertake comprehensive flotation tests and further metallurgical work. These tests will include Quantitative X-ray Diffraction (QXRD) analysis to better understand tin and gold recovery, which have not yet been incorporated into the equivalent grade calculations. Lode Resources Ltd’s Managing Director, Ted Leschke, has highlighted the exceptional prospectivity of the Montezuma Project. The deposit is structurally controlled along the Montezuma Fault and hosted by a sequence of turbidites, siltstones, sandstones, and black shales – a geological setting that has historically produced rich mineralisation in the region. With significant infrastructure already on site, including power, ore processing equipment, and a recently constructed tailings dam, the project appears well positioned for future pilot-scale beneficiation once metallurgical parameters are finalised. Bullish sentiment is supported by the impressive range of high-grade drill intercepts and the project's polymetallic potential, which could deliver multiple revenue streams from critical metals like antimony—now trading at record levels amid tightened supply due to export restrictions by major producing countries. The technical indicators from several holes, such as intercepts with over 1% tin and multi-percent antimony grades, underline the strong geological model and positive early-stage results. Conversely, cautious investors may note that the overall resource is still being defined with several key assays pending. Furthermore, the tin and gold data have yet to be fully integrated into the metal equivalent figures, stemming from early flotation tests, which introduces an element of uncertainty regarding recovery rates and ultimate resource estimates. Despite these uncertainties, the detailed technical results and broad exploration footprint continue to generate considerable interest in this critical minerals project.