Lachlan Star Buys High-Grade New Waverley Gold Project in Norseman Push

Lachlan Star ( (AU:LSA) ) has shared an announcement.

Lachlan Star has signed a binding agreement to acquire a 90% interest in the high-grade New Waverley Gold Project in Western Australia’s Norseman mining district from local prospector David “Golly” Pascoe, consolidating its land position between its existing Killaloe Gold Project and Pantoro Gold’s large Norseman operation. The project area, which includes two mining leases over the north-eastern continuation of the Woolyeenyer Formation, has seen little modern systematic exploration despite historic high-grade drill intercepts, and Lachlan Star plans to begin reverse circulation and diamond drilling in March, supported by detailed structural mapping and sampling of pits and historical surface dumps. The company has also strengthened its technical capability by appointing former Pantoro non-executive director and ex-Kambalda mine manager Colin McIntyre as technical advisor, positioning Lachlan Star to systematically test and potentially extend known mineralisation in a well-serviced, infrastructure-rich gold district.

The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Lachlan Star stock, see the AU:LSA Stock Forecast page.

More about Lachlan Star

Lachlan Star Limited (ASX: LSA) is an Australian gold exploration company focused on advancing projects in Western Australia’s Eastern Goldfields, particularly around the highly endowed Norseman region. The company is building a regional footprint through assets such as the Killaloe Gold Project and now the New Waverley Gold Project, targeting high-grade gold mineralisation hosted within proven gold-bearing formations.

YTD Price Performance: 44.23%

Average Trading Volume: 131,934

Technical Sentiment Signal: Hold

Current Market Cap: A$22.19M

See more data about LSA stock on TipRanks’ Stock Analysis page.