LNR Articles
LNR Share Price & Investment Performance
Investment Summery
- Date of Investment Announcement 22nd May 2024
- Entry Price $0.005
- Returns from Entry -40%
- High Point +0%
Company Milestones
- Initial investment: 0.005c
- Programmes of work approval
- Heritage approval
- Free carry
- Drilling
Why We Like Asian Battery Metals
A Western Australian lithium explorer with ground directly adjacent to Wesfarmers and SQM 180mt+ lithium mine Mt Holland. At a current $10m market capitalisation, the proximity to Mt Holland (only 400m away) and with a board that includes 2023 10-bagger chairman Brian Thomas from Azure, there’s a lot to like about LNR.
With lithium-bearing pegmatites that look to be running directly into LNR’s tenements and a drill program set to start in Q3, and with lithium sentiment turning, it could be a perfect storm.
Lanthanein Resources (LNR) is a Western Australian lithium exploration company with exciting prospects in the market. The company has a potentially undervalued market capitalisation and boasts the expertise of Brian Thomas on its board. Thomas, as chairman of the highly successful Azure Minerals, brings valuable experience to the table.
Why lithium?
Lithium continues to be a pivotal element for the production of electric vehicles (EVs) and renewable energy technologies. This growing demand makes lithium an increasingly sought-after commodity, highlighting its immense growth potential. LNR aims to capitalise on this demand by positioning itself as a prominent player in the evolving lithium market.
The flagship project
LNR’s flagship project is the Lady Grey Project, strategically located only 400m away from the massive Mt Holland lithium mine owned by Wesfarmers and SQM. Within the Lady Grey Project lies the recently discovered “Godzilla” prospect – a 4km lithium soil anomaly that suggests the potential for a substantial lithium deposit. The find is particularly significant due to the prospect’s proximity (2.7km) to the high-grade Earl Grey mine.
The key points of interest
LNR benefits from a highly favourable location near existing infrastructure, which is essential for streamlined mining operations. Initial soil analyses from the Godzilla prospect have revealed promising similarities to the geology of the neighbouring Earl Grey mine, along with high lithium concentrations (up to 454ppm Li2O). LNR’s commitment to accelerated exploration is a positive sign, with drilling at the Godzilla prospect scheduled to commence mid-year.
Conclusion
LNR’s current valuation hints at an attractive potential upside for investors, particularly considering the 2019 sale of 50% of Covalent Lithium’s enormous Earl Grey Mine for $750 million. Coupled with a strategic location, promising early results, and proactive exploration plans within a rebounding lithium market, LNR presents itself as an interesting stock to watch for savvy investors. However, investing in exploration comes with inherent risk, and the results from the upcoming drilling program will be a crucial factor in determining the company’s future success.
Disclaimer: This blog post is for informational purposes only and should not be considered as financial advice. Always consult with a financial advisor before making any investment decisions.