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The latest update is out from Lodestar Minerals ( (AU:LSR) ).
Lodestar Minerals has confirmed it is actively drilling at its Three Saints project in Chile and its Ned’s Creek project in Western Australia, with visible sulphide mineralisation, including copper sulphides, observed in the second diamond hole at Three Saints. The company emphasised that these visual observations are not a reliable indicator of grade and that assay results are required before any conclusions on mineralisation can be drawn.
Samples from both programs have been dispatched to laboratories on a rolling basis, with first assay results from the Ned’s Creek reverse circulation campaign expected within 7 to 10 days and results from the first Three Saints drill hole anticipated in about three weeks. Lodestar also reiterated that only authorised personnel and bound contractors have access to assay data, and it affirmed full compliance with ASX continuous disclosure rules in response to the recent share price query, signalling an intent to manage market expectations while exploration outcomes remain pending.
More about Lodestar Minerals
Lodestar Minerals Limited is an Australian mineral exploration company with projects in Chile and Western Australia. The company is currently focused on copper and other sulphide mineralisation targets at its Three Saints project in Chile and its Ned’s Creek project in Western Australia, where it is advancing drilling campaigns to define potential resources and support future development decisions.
Its exploration strategy centres on systematic diamond and reverse circulation drilling, followed by laboratory assays to assess the significance of any mineralisation encountered. By targeting large-scale sulphide systems and maintaining active programs in multiple jurisdictions, Lodestar is seeking to build a pipeline of prospective assets and strengthen its position in the base metals exploration sector.
YTD Price Performance: 133.33%
Average Trading Volume: 27,564,419
Technical Sentiment Signal: Sell
Current Market Cap: A$25.59M
Find detailed analytics on LSR stock on TipRanks’ Stock Analysis page.