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Lachlan Star Limited (ASX:LSA)

ALERT: Price-sensitive ASX Announcement for LSA
Current share price for LSA : $0.150 0.04 (36.36%)+
Announcement
Release
1 Jul 2026 8:17AM
Price at Release
$0.110
Full Release
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Summary
Lachlan Star Limited announced the commencement of a 4,000m reverse circulation drilling program at the New Waverley Gold Project in Western Australia. This follows the identification of a shallow, high-grade gold system open in all directions. The program aims to in-fill and extend previously reported high-grade mineralization, with significant historical intercepts such as 6.15m at 8.6g/t Au. The project exhibits geological traits similar to other known high-grade deposits in the region. The drilling is scheduled to complete in 3 to 4 weeks, with assay results anticipated afterward. Lachlan Star focuses on gold and copper resource development in Australia, with New Waverley positioned within a strategic mineralized formation.
Key Points
  • Reverse Circulation (RC) drilling program commenced at New Waverley Gold Project.
  • The drilling program is approximately 4,000 meters following the refinement of the geological model.
  • Previously reported high-grade mineralization includes intercepts such as 6.15m at 8.6g/t Au.
  • New Waverley exhibits characteristics similar to high-grade deposits in the Norseman Goldfield.
  • The RC drilling is expected to be completed within 3 to 4 weeks with assay results to follow.
  • Lachlan Star Limited focuses on discovering and developing gold and copper resources.
  • The New Waverley project is part of the highly prospective Woolyeenyer Formation in Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.