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Lachlan Star ( (AU:LSA) ) just unveiled an update.
Lachlan Star has commenced a maiden diamond drilling program at its New Waverley Gold Project in the Norseman region of Western Australia, targeting historical Waverley and Trial pits where high-grade gold-bearing quartz reef mineralisation remains open at depth and along strike. The initial 1,000-metre diamond campaign aims to validate strong historical intercepts and will be followed by a planned 2,000-metre reverse circulation program over a highly prospective 400-metre mineralised corridor, with results expected to shape the project’s growth potential and guide further exploration for shareholders.
Management says the combination of historical drilling, recent rock-chip samples and open mineralisation underpins confidence in New Waverley’s capacity to deliver further high-grade results, reinforcing the project’s strategic importance within Lachlan Star’s Eastern Goldfields portfolio. Successful outcomes from the current program could enhance the company’s resource base and strengthen its position in a competitive gold exploration district, with assay results anticipated in the coming weeks.
The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.15 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 is a gold exploration company focused on projects in Western Australia’s Eastern Goldfields. The company targets high-grade quartz reef mineralisation in historically productive gold regions, aiming to expand resources through systematic drilling and follow-up exploration programs.
YTD Price Performance: 188.46%
Average Trading Volume: 824,687
Technical Sentiment Signal: Hold
Current Market Cap: A$46.25M
See more data about LSA stock on TipRanks’ Stock Analysis page.