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Lachlan Star Limited (ASX:LSA)

ALERT: Price-sensitive ASX Announcement for LSA
Current share price for LSA : $0.115 -0.01 (-8%)+
Announcement
Release
12 Aug 2026 8:19AM
Price at Release
$0.125
Full Release
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Summary
Lachlan Star Limited announced significant results from their follow-up Reverse Circulation (RC) drilling program at New Waverley in Norseman, Western Australia, confirming a high-grade gold discovery. The drilling revealed multiple shallow high-grade gold intercepts, notably 16m at 5.3g/t Au from 44m and 8m at 5.37g/t Au from 44m. The mineralisation is interpreted as being part of a shallow mineralised shear corridor with high-grade quartz veins, remaining open in all directions. The RC program exceeded initial expectations with 4,570m drilled, and further assay results are anticipated. The ongoing analysis aims to refine the understanding of the geometry and continuity of these high-grade positions.
Key Points
  • Strong assay results from follow-up RC drilling at New Waverley confirm high-grade gold discovery.
  • Notable gold intercepts include 16m at 5.3g/t Au and 8m at 5.37g/t Au at shallow depths.
  • Mineralisation follows a northwest-plunging shear corridor, open in all directions.
  • RC drilling program expanded to 4,570m based on positive field observations.
  • Further assay results expected throughout August and September to refine geological model.
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.