Lightning Minerals completes Warby Phase 2 exploration

Lightning Minerals has advanced its Warby Tungsten Project in North Queensland by completing Phase 2 fieldwork that collected around 90 samples across nine veins along a two-kilometre structural corridor, with mapping and sampling aimed at defining mineralisation orientation, scale, and potential drill targets. Assays are expected in August 2026, informing updates to the geological model and helping to pinpoint clusters of higher-grade tungsten for initial drilling, which Brice has suggested could occur late this year or early next. The Phase 2 program was completed safely, on schedule, and under budget, and Brice noted it would strengthen the dataset driving Phase 3 targeting and decision-making for early drilling. Separately, Lightning Minerals’ broader activity includes exploration at the Anglo Granite–related corridor with similar emphasis on secure domestic tungsten supply and strategic exposure, as indicated in multiple company updates. Terrain Minerals’ June 2026 results on the nearby Lightning gold prospect—while reported by a different company—present consistent gold mineralisation and early metallurgical work that supports a potential maiden Mineral Resource Estimate for the Lightning project, underscoring the broader value of Lightning’s regional projects. Waratah Minerals’ Spur Project in New South Wales is also highlighted in industry reporting as showcasing shallow, high-grade gold intersections, illustrating the sector’s ongoing focus on near-surface mineralisation across multiple jurisdictions.