DIRECTOR RESIGNATION – JASON BECKTON

Lode Resources Limited (ASX:LDR) (Company) wish to advise that Mr Jason Beckton has resigned as a Non-Executive Director of the Company with effect from today's date.

Mr Beckton, who has been a director since September 2020, has resigned given his substantial other commitments to listed exploration companies.

Mr Andrew van Heyst, Executive Chairman commented, “On behalf of the Board, I take this opportunity to thank Jason for the significant commitment he has made to Lode Resources over a number of years, and wish him well in his other endeavours.”

This announcement has been approved for lodgement with the ASX by the Board.

Andrew van Heyst

Executive Chairman

About Lode Resources

ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com

A: Suite 506, Level 5, 50 Clarence Street Sydney NSW 2000 | P: +61 (2) 9078 7176 | E: [email protected]

LODE RESOURCES LTD

Lode Resources Ltd (LDR) is an ASX-listed explorer focused on the highly prospective but under-explored New England Fold Belt in north-eastern NSW and the Montezuma Silver & Antimony Project located in Tasmanian's premier West Coast Mining Province. The Company has assembled a portfolio of brownfield precious and base metal assets characterised by:

100% ownership;
Significant historical geochemistry and/or geophysics;
Under-drilled and/or open-ended mineralisation; and
Demonstrated high-grade mineralisation and/or potential for large mineral occurrences.

This has resulted in a portfolio of assets with diverse mineralisation styles consisting of four core projects of current focus

Montezuma Silver & Antimony Project – Located on the west coast of Tasmania, a region well known for mining activity, the Project consists of a high-grade antimony-silver-lead deposit with initial development, advanced metallurgical test work and significant beneficiation infrastructure.
Uralla Gold – Located 8km west of the Uralla township, this goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850's. Despite this long history the mineralisation style has only recently been recognised as being an Intrusive Related Gold System (IRGS) and this has strong implications for this project's discovery potential. Lode's holdings cover over 300 square kilometres.
New England Antimony Project – Located in one of Australia's most prolific antimony producing provinces, 19 antimony prospects have already been identified within the Exploration Licences (EL) EL9662 and EL9319, both controlled 100% by Lode. The project is anchored by the Magwood Mine, discovered in the 1880s and mainly worked between 1941 and 1970, and was Australia's primary producer of antimony.
Granville Tin Project – Located approximately 5 km west of Zeehan in Tasmania, this project is known for its high-grade tin skarn mineralisation. Infrastructure includes connection to grid power, ball mill, gravity tables, spirals, tankage, raw water and a recently constructed tailings dam.
Silver Hills Silver & Antimony Project – Located on the West Coast of Tasmania this Project completely surrounds the historic Mt Bischoff Mine and is high prospective for high-grade silver-antimony mineralisation such as that identified at the Silver Cliffs prospect.

Lode's New England Project Locations