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An update from Lodestar Minerals ( (AU:LSR) ) is now available.
Lodestar Minerals has completed field activities at its Virgin Mountain heavy rare earth project in the U.S., confirming continuous surface expressions of xenotime-bearing mineralisation along a key structural trend. The geology shows similarities to the Music Valley rare earth project in California, a system known for high-grade heavy rare earths, although Lodestar cautions that this comparison is conceptual and not a guarantee of similar scale or economics.
The company interprets Virgin Mountain as a metasomatic-style rare earth system hosted in Proterozoic basement rocks, a deposit type often associated with structurally controlled, high-grade heavy rare earth mineralisation. Lodestar’s U.S. team is now planning high-resolution airborne radiometric and magnetic surveys over a 5km structural corridor to refine the structural architecture and define drill-ready targets, a step that could materially advance project de-risking and value for investors if results are positive.
More about Lodestar Minerals
Lodestar Minerals is an ASX-listed exploration company focused on rare earth elements, with a particular emphasis on heavy rare earths hosted in xenotime-bearing systems. The company is advancing its Virgin Mountain Project in the U.S., aiming to delineate high-value heavy rare earth mineralisation within a structurally controlled corridor.
YTD Price Performance: 83.33%
Average Trading Volume: 33,830,674
Technical Sentiment Signal: Sell
Current Market Cap: A$25.64M
For an in-depth examination of LSR stock, go to TipRanks’ Overview page.