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Lodestar Minerals Limited (ASX:LSR)
ALERT: Price-sensitive ASX Announcement for LSR
Current share price for LSR : $0.007 -0.006 (-46.15%)+
Release
18 Jun 2026 8:20AM
Price at Release
$0.013
Full Release
Summary
Lodestar Minerals Limited has completed a Reverse Circulation (RC) drilling program at the Ned’s Creek Gold Project in Western Australia, focusing on the Gidgee Flat prospect. The program included 106 drill holes over 12,344 meters, with significant gold mineralization results. Initial assay results from 13 holes have been received, highlighting high-grade intersections, such as 6m at 7.16g/t gold, including 1m at 35.34g/t gold from 142m in hole LNRC125. The project aims to convert the Exploration Target defined in December 2025 into a maiden JORC Mineral Resource Estimate in CY2026. The drilling has successfully intersected new mineralization zones beyond the initial target, indicating potential for expansion.
Key Points
- Initial assay results highlight high-grade gold intersections.
- 106 drill holes completed at Ned’s Creek Gold Project.
- Significant intersection of 6m at 7.16g/t gold from 140m.
- Target to develop JORC Mineral Resource Estimate by CY2026.
- Drilling intersected new zones of mineralization beyond initial target.
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.
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