LLM – Loyal Metals | Aussie Stock Forums

LLM – Loyal Metals | Aussie Stock Forums


OK, and have we run out of puff??

. nothing happening here.​

UNTIL LLM – Loyal Metals | Aussie Stock ForumsLLM – Loyal Metals | Aussie Stock ForumsLLM – Loyal Metals | Aussie Stock Forums

Screenshot_20250706_144518_CommSec~2.jpg

.

02 July 2025 – Loyal to Acquire
The High-Grade Highway Reward Copper Gold Mine

Key Highlights
• Loyal secures binding option to acquire the Highway Reward Copper Gold Mine in Queensland, Australia – one of the world’s highest-grade copper mines, with past production totalling 3.65Mt at 5.7% Cu and 260kt at 4.5 g/t Au.
• The acquisition is the first step in Loyal’s 2025 Strategic Plan to broaden its critical minerals portfolio into copper.
• No exploration has been conducted on the granted mining leases since operations ceased in July 2005 despite a ~680% increase in copper prices and a ~1,256% increase in gold prices since the 1997 feasibility study.
• Significant increase in copper and gold prices, combined with the previous exclusion of gold in sulphides from the mine plan, highlights the enhanced remnant copper-gold potential.
• Exploration potential for new discoveries both along strike and at depth, as previous mining only reached depths of 220 metres for open pit and 390 metres for underground operations, with limited exploration beyond mined zones.
• With $4.4 million in funding, Loyal is well-positioned to revisit the high-grade Highway Reward Copper Gold Mine by deploying modern exploration techniques. With global initiatives to enhance energy grids and no USA tariffs on Australian copper, the outlook for copper is strong and unencumbered.
.
.
1. Is LLM aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

Yes.

2. If the answer to question 1 is “yes”.
a. Is LLM relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in LLM’s securities would suggest to ASX that such information may have ceased to be confidential and therefore LLM may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation
.

At the time of receipt of ASX’s query letter on 27 May 2025, the Company was in negotiations in relation to the proposed acquisition of an option to acquire the Highway Reward Copper Gold Mine which was announced to ASX on 02 July 2025.
At the time of receipt of ASX’s query letter on 27 May 2025, the Company was unable to announce the Acquisition immediately, out of prudence it requested that ASX place its securities into a trading halt and subsequently into voluntary suspension to ensure there was no trading in its securities until an appropriate announcement could be made in relation to the Acquisition.
.
…. and the answer to the question ??

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *