MinRes farm-in sends junior Lord Resources’ stock soaring

20th March 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online


Font size: - +

The share price of ASX-listed exploration junior Lord Resources skyrocketed on Wednesday, as the company announced a farm-in agreement on the Horse Rocks lithium project with Mineral Resources (MinRes).

Subject to certain conditions, MinRes, which is a globally significant producer, will spend A$1-million in exploration to earn 40% of the project, located 20 km south of Coolgardie, in Western Australia.

In further stages, MinRes has the option to increase its stake to an eventual 85%.

The partnership not only provides Lord with nondilutive funding, but also offers access to knowledge and expertise in lithium exploration and production.

“The agreement validates the strong work Lord has already completed at the Horse Rocks lithium project and provides the opportunity to collaborate with a world-class exploration team drawing on their knowledge and expertise of this highly prospective lithium region,” commented MD Barnaby Egerton-Warburton.

The project is located in the Coolgardie-Norseman lithium super province, which also hosts MinRes’ Mount Marion and Bald Hill assets, as well as Essential Metals’ Dome North and Liontown Resources’ Buldania projects.

Lord’s share price reached a high of A$0.12 on Wednesday.

Edited by Creamer Media Reporter


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?