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Lodestar Minerals Limited (ASX:LSR)

ALERT: Price-sensitive ASX Announcement for LSR
Current share price for LSR : $0.010 0.001 (11.11%)+
Announcement
Release
31 Jul 2026 6:56PM
Price at Release
$0.009
Full Release
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Summary
Lodestar Minerals Limited in their June 2026 Quarterly Activities and Cash Flow Report highlights significant advancements in their major projects. The Three Saints and Los Loros projects in Chile show promising IOCG and porphyry mineralization, respectively. The Ned’s Creek Gold Project in Western Australia continues to yield strong drilling results, supporting a substantial exploration target. In the USA, the Virgin Mountain project confirmed valuable rare earth mineralization and expanded its landholding. Significant funding was raised to support these efforts, alongside corporate changes to strengthen their governance and technical capabilities. Lodestar anticipates increased exploration costs and is poised for further financial activities if necessary.
Key Points
  • Lodestar pursuing IOCG discovery at Three Saints, potential maiden resource at Neds Creek, rare earth project at Virgin Mountain.
  • Three Saints project in Chile shows promising IOCG mineralization with copper, gold, cobalt, and molybdenum.
  • Los Loros project identifies copper-gold targets and confirms potential porphyry system.
  • Ned’s Creek Gold Project advances with significant drilling results supporting a large exploration target.
  • Virgin Mountain project in USA confirms xenotime rare earth mineralization, expands land position.
  • Lodestar raised $4.7M for exploration efforts, appoints new director, and sees a founding director retire.
  • Company anticipates increased exploration expenditure and is prepared for capital raising if needed.
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.