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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
20 Aug 2026 8:41AM
Price at Release
$0.009
Full Release
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Summary
Lodestar Minerals Limited announced the acquisition of the Pacifico Cu-Mo-Au Porphyry Project in Chile, securing it through an initial payment of USD $30,000. This project spans a six-kilometer highly prospective copper-molybdenum-gold porphyry corridor in a world-class copper province, near significant copper deposits. The project includes five existing exploration tenements and three new tenements. Historical data indicates over 8,000 meters of drilling confirming multiple mineralized units. Lodestar plans to conduct a maiden drilling program by the second quarter of 2027, focusing on areas with limited prior exploration and new geological insights.
Key Points
  • Lodestar Minerals Limited has acquired the Pacifico Cu-Mo-Au Porphyry Project in Chile.
  • The project includes five exploration tenements and three newly pegged contiguous tenements.
  • Initial payment of USD $30,000 was made to secure exclusive access to the project.
  • The project comprises a six-kilometer copper-molybdenum-gold porphyry corridor.
  • Historical drilling of over 8,000 meters confirmed multiple mineralized porphyry units.
  • Lodestar is targeting a maiden drilling programme by Q2 CY2027.
  • The project is located 42 kilometers north of the Relincho deposit, a significant copper resource.
  • Priority targets include areas with historical under-exploration and new reconnaissance findings.
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.