InvestSMART

Lodestar Minerals Limited (ASX:LSR)

ALERT: Price-sensitive ASX Announcement for LSR
Current share price for LSR : $0.009 -0.023 (-71.88%)+
Announcement
Release
31 Oct 2025 6:27PM
Price at Release
$0.032
Full Release
download
Summary
Lodestar Minerals Limited reported on their activities and cash flows for the quarter ending September 30, 2025. The company's focus was primarily on the Ned’s Creek Project in Western Australia, which included a drilling program resulting in significant gold mineralisation. The project extended mineralisation along strike at the Gidgee Flat prospect. Additionally, in Chile, Lodestar completed soil sampling over several projects, with drilling planned at the Three Saints Project following a natural event that delayed activities. Lodestar also plans to acquire the Virgin Mountain REE Project in the USA, which aligns with their strategy to expand their exploration portfolio. The quarter saw a net cash inflow from financing activities, primarily due to proceeds from equity issues. Key corporate updates include the appointment of Coraline Blaud as Executive Director, enhancing the leadership team as Lodestar continues to advance its projects.
Key Points
  • Completed 966 meters of drilling at Ned’s Creek Project with significant gold intercepts.
  • Gold mineralisation at Gidgee Flat extended 330m along strike.
  • Completed soil sampling over Darwin, Three Saints, and Nicanor Projects in Chile.
  • Acquisition of Virgin Mountain REE Project in the USA planned.
  • Financing activities raised net cash of $2,458,000.
  • Coraline Blaud appointed as Executive Director post quarter-end.
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.