Lightning Minerals offers diversified gold, copper and Brazilian lithium exposure, with Mt Turner delivering high-grade discoveries across a 14km, under-explored mineralised corridor, positioning the company for potential major near-term upside.
Lightning Minerals Limited (ASX:L1M)
L1M2
Lead Manager
Contact - Kirwan Mactaggart
0448237054
kirwan@liquidity.com.au
Offer Price
A$0.0320
per share
Offer Size
A$1,500,000
Offer Details
Issue Price (Per Share)
A$0.0320
Discount
-28.00%
Offer Size
A$1,500,000
Shares Available
46,875,000
Lightning Minerals Limited (‘L1M’) is seeking to raise A$1.5M via a single tranche Private Placement Offer utilising the company’s remaining capacity under LR 7.1 and LR 7.1A. The Company reserves the right to take over subscriptions at the discretion of the Board. Over subscriptions will be subject to a second tranche.
Discount
~15.8% from last close
Options
1 for 1 free options, 3 year expiry exercisable at $0.04
Documents and Downloads
Company Overview
Lightning Minerals Ltd (ASX: L1M) is an Australian exploration company with a diversified portfolio spanning Australian Gold and Copper assets and Lithium projects in Brazil’s Lithium Valley (Minas Gerais). The company has recently delivered strong exploration success at its newly acquired Mt Turner Gold Project in Queensland, where drilling intersected high-grade gold and silver across multiple holes. Results highlight Mt Turner as a significant emerging opportunity with a highly prospective, target-rich geological setting. The flagship Mount Turner Gold Project hosts a 14km strike along the Drummer Fault—a proven mineralised corridor that remains largely untested at depth and along strike.
Results From Recent Drilling Include:
- 20.4m @ 2.4 g/t Au, 14.3 g/t Ag from 62m incl. 1.8m @ 10.6 g/t Au, 27.1 g/t Ag from 77m (Mt Turner),
- 3.9m @ 3.6 g/t Au, 8.8 g/t Ag from 90m incl. 1.0m @ 10.7 g/t Au, 17.4 g/t Ag from 90m (Mt Turner),
- 17.2m @ 6.2% Zn, 1.4% Pb, 10.3 g/t Ag from 32m incl. 5.0m @ 11.6% Zn, 0.5% Pb, 12.4 g/t Ag from 43.8m (Cobar), and
- 12.4m @ 6.2% Zn, 1.4% Pb, 24.2 g/t Ag from 17.6m incl. 2.4m @ 15.3% Zn, 4.1% Pb, 75.2 g/t Ag from 22.7m (Cobar).
Warby Scardon (QLD – Gold, Silver, Base Metals)
- Early-stage project → strong gold–silver–base metal potential.
- L1M will progress target generation through airborne magnetics, radiometrics, surface geochemistry, and field reconnaissance to define drill-ready targets.
Lachlan Fold Belt, NSW – Porphyry Copper-Gold Portfolio
- L1M holds three tenements in a Tier-1 porphyry district → Cadia and North Parkes.
- System remains untested below 150m → strong potential for deeper, higher-grade mineralisation.
- Burdett and Manildra → further porphyry and skarn targets → near-term work programs will progress assets toward drilling.
- Boree Creek hosts confirmed porphyry mineralisation with notable historic intercepts:
- 48m @ 0.35% Cu, 0.31 g/t Au
- 62m @ 0.23% Cu, 0.14 g/t Au
- 33m @ 0.23% Cu, 0.14 g/t Au
Use of Funds
Use of Funds
1
Diamond and RC Drilling at Mt Turner – Drummer Fault, Mt Turner Porphry, Cobar
2
Soil and rock chip sampling across Mt Turner tenements
3
Boree Creek soil sampling
4
Target generation in Brazil
5
General working capital purposes
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Lightning Minerals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
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