Lachlan Star Extends Shallow Gold System at Killaloe and Advances North Cobar Drilling

Lachlan Star ( (AU:LSA) ) just unveiled an update.

Lachlan Star’s latest quarterly report highlights intensified exploration at its flagship Killaloe Gold Project, driven by stronger gold prices and encouraging drill results that extend a broad, shallow gold system at the Duke Main prospect. Recent reverse circulation drilling has confirmed the down-dip continuity of mineralisation at Duke Main, with the system remaining open along strike and at depth, while heritage clearance surveys now grant access to key structural corridors at Duke East and Duchess for follow-up step-out and infill drilling along a 1km strike length. The company also completed maiden drilling at its North Cobar Project in New South Wales, intersecting hydrothermal alteration associated with trace base and precious metals, and is reassessing geophysical data to refine targets, supported by a grant of up to $118,000 under Western Australia’s Exploration Incentive Scheme to co-fund diamond drilling of priority structural positions at Killaloe.

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 is an Australian gold exploration company focused on the Killaloe Gold Project in Western Australia’s Eastern Goldfields, within the Norseman-Wiluna Greenstone Belt, and the North Cobar Project in New South Wales. Its portfolio targets structurally controlled gold systems in proximity to established operations such as Pantoro’s Norseman mine and Harmony Gold’s CSA Copper-Gold Mine, positioning the company within well-endowed, infrastructure-rich mining districts.

YTD Price Performance: 51.92%

Average Trading Volume: 114,244

Technical Sentiment Signal: Hold

Current Market Cap: A$23.07M

See more insights into LSA stock on TipRanks’ Stock Analysis page.