InvestSMART

Lodestar Minerals Limited (ASX:LSR)

ALERT: Price-sensitive ASX Announcement for LSR
Current share price for LSR : $0.009 0 (0%)+
Announcement
Release
16 Jul 2026 8:20AM
Price at Release
$0.009
Full Release
download
Summary
Lodestar Minerals Limited has strategically expanded its land position at the Virgin Mountain Heavy Rare Earth Element (HREE) Project in Arizona, USA. This expansion involves staking an additional 186 acres, increasing the total to 661 acres across 32 mining claims. The move secures the mapped extent of a xenotime-hosted HREE structural corridor, essential for systematic drill-testing of high-grade HREE including dysprosium, terbium, and lutetium. The Company plans to conduct a high-resolution radiometric and magnetic survey to refine the structural understanding and define drill targets, with the aim of supporting a focused inaugural drilling campaign. Recent fieldwork confirmed the continuity of the mineralised structure, with rock chip assays showing high grades, reinforcing the project's potential and the necessity of securing the expanded land position.
Key Points
  • Lodestar expanded its land position at Virgin Mountain by 40% to 661 acres.
  • The new claims secure the extent of the mapped HREE structural corridor.
  • High-grade HREE rock chip assays support the decision to expand.
  • Xenotime contains dysprosium, terbium, and lutetium, critically needed for various industries.
  • A planned radiometric and magnetic survey will help define drill targets.
  • The project is positioned to commence systematic drill-testing.
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.