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An announcement from Lodestar Minerals ( (AU:LSR) ) is now available.
Lodestar Minerals reported strong March-quarter progress across its global exploration portfolio, highlighted by its maiden diamond drilling at the Three Saints IOCG project in Chile, where visible copper sulphides and associated minerals were logged from 190m to the 600m end-of-hole, with mineralisation remaining open at depth. The company also secured sole access rights to the nearby Los Loros copper-molybdenum-gold porphyry project, where historical work points to a significant porphyry system, underscoring Lodestar’s growing exposure to large-scale copper assets in a key South American mining jurisdiction.
In the U.S., reconnaissance sampling at the Virgin Mountain project in Arizona returned high-grade total rare earth oxide results, with heavy rare earth oxides comprising up to 64% of the total and xenotime confirmed as the dominant mineral, positioning the asset as a potentially strategic heavy rare earth source ahead of a new field program. In Western Australia, Lodestar advanced its Ned’s Creek gold project by launching a 10,000m RC drilling campaign to support a maiden mineral resource estimate targeted for 2026, while bolstering its leadership with the appointment of a new CEO and specialist rare earth geologists to drive its expanding critical minerals portfolio.
More about Lodestar Minerals
Lodestar Minerals Limited is an Australian exploration company focused on copper, gold and critical minerals, with projects in Chile, the U.S. and Western Australia. Its portfolio includes iron-oxide-copper-gold and porphyry copper-molybdenum targets in Chile, a heavy rare earth elements project in Arizona, and a gold project at Ned’s Creek in Western Australia, reflecting a diversified international exploration strategy.
YTD Price Performance: 91.67%
Average Trading Volume: 29,778,932
Technical Sentiment Signal: Sell
Current Market Cap: A$26.76M
For detailed information about LSR stock, go to TipRanks’ Stock Analysis page.