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Lodestar Minerals Limited (ASX:LSR)

ALERT: Price-sensitive ASX Announcement for LSR
Current share price for LSR : $0.008 -0.005 (-38.46%)+
Announcement
Release
18 Mar 2026 9:55AM
Price at Release
$0.013
Full Release
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Summary
Lodestar Minerals Limited announced significant mineralogical results from its Virgin Mountain REE Project in Arizona, USA, confirming xenotime as the dominant heavy rare-earth element (HREE) bearing mineral. The study highlights the potential of the Virgin Mountain project as a strategic source of high-value HREEs, including dysprosium, terbium, and lutetium, which are critical for various advanced technologies and are heavily restricted in supply. The project is well-positioned for further exploration and development, aligning with the strategic supply priorities of the United States. Field activities are set to commence in early April to advance this opportunity.
Key Points
  • Xenotime confirmed as dominant rare-earth element mineral at Virgin Mountain.
  • High-grade heavy rare earth elements including dysprosium, terbium, and lutetium identified.
  • Project strategically positioned for funding and partnerships.
  • Significant economic interest due to xenotime's proven commercial production pathway.
  • Field activities in the USA set to commence in early April.
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.