Lightning Minerals executes strategic pivot to gold-focused explorer. The ASX-listed company has designated Mt Turner as its flagship asset, backed by compelling initial drilling results showing 20.4 metres at 2.4 grams per tonne gold, including high-grade intersection of 1.9 metres at 10.5 grams per tonne. A fully funded exploration program commences May 2026 with A$2.5 million in secured commitments. The company is divesting non-core lithium assets to enhance capital efficiency and improve valuation clarity. Mt Turner hosts a large-scale gold system extending approximately 14 kilometres along the Drummer Fault, with management identifying potential for low-capex development. New CEO Troy Brice brings focused mandate on Phase 2 drilling with performance incentives tied to resource definition milestones and share price targets.
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