Ankündigung • Feb 05
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,800,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.2m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-AU$419k). Earnings have declined by 8.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.2m market cap, or US$9.45m). New Risk • Nov 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-AU$419k). Earnings have declined by 8.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (410% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$22.4m market cap, or US$14.5m). Ankündigung • Oct 27
Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million. Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,800,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Ankündigung • Jun 30
Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 79,166,667
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00042
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 345,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.00035
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$202k). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.49m market cap, or US$2.19m). Ankündigung • Mar 26
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5425 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5425 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,000,000
Price\Range: AUD 0.011
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,272,727
Price\Range: AUD 0.011
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,045,455
Price\Range: AUD 0.011
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 25
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.661 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.661 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,090,909
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 24
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.0225 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.0225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,045,455
Price\Range: AUD 0.011
Discount Per Security: AUD 0.000286
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 11
Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.0225 million. Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.0225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,045,455
Price\Range: AUD 0.011
Discount Per Security: AUD 0.000286
Transaction Features: Subsequent Direct Listing New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$167k). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.32m market cap, or US$1.45m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Ankündigung • Jan 30
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.52 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.52 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,272,727
Price\Range: AUD 0.011
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 28
Lodestar Minerals Limited, Annual General Meeting, Nov 29, 2024 Lodestar Minerals Limited, Annual General Meeting, Nov 29, 2024. Location: level 1, 31 cliff st, fremantle, wa, 6160, Australia New Risk • Oct 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (65% average weekly change). Negative equity (-AU$167k). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m (AU$641k revenue, or US$442k). Market cap is less than US$10m (AU$3.37m market cap, or US$2.33m). New Risk • Sep 27
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$167k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (66% average weekly change). Negative equity (-AU$167k). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (AU$641k revenue, or US$441k). Market cap is less than US$10m (AU$2.65m market cap, or US$1.82m). Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). New Risk • Sep 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (67% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Revenue is less than US$1m (AU$641k revenue, or US$436k). Market cap is less than US$10m (AU$2.65m market cap, or US$1.80m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (31% increase in shares outstanding). Recent Insider Transactions • Jul 20
Non-Executive Chairman recently bought AU$74k worth of stock On the 15th of July, Ross Taylor bought around 74m shares on-market at roughly AU$0.001 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Ross has been a net seller over the last 12 months, reducing personal holdings by AU$180k. Ankündigung • Jul 17
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.577383 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.577383 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 577,382,625
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Mar 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Revenue is less than US$1m (AU$641k revenue, or US$417k). Market cap is less than US$10m (AU$4.05m market cap, or US$2.63m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Recent Insider Transactions • Nov 19
Non-Executive Chairman recently sold AU$174k worth of stock On the 17th of November, Ross Taylor sold around 40m shares on-market at roughly AU$0.0044 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ross has been a net seller over the last 12 months, reducing personal holdings by AU$1.4m. Ankündigung • Oct 05
Lodestar Minerals Limited, Annual General Meeting, Nov 06, 2023 Lodestar Minerals Limited, Annual General Meeting, Nov 06, 2023, at 10:00 W. Australia Standard Time. Location: Level 1, 31 Cliff Street Fremantle Western Australia Australia Agenda: To consider financial statements and reports; to consider adoption of the remuneration report; to consider re election of director Ross Taylor; to consider ratification of prior issue of options; to consider ratification of prior issue of shares; to consider ratification of prior issue of options; and to consider other matters. New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.1m market cap, or US$7.79m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.1m market cap, or US$7.73m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Ankündigung • Jul 11
Lodestar Minerals Limited (ASX : LSR) entered into an agreement to acquire Earaheedy Basin tenement E69/3824 from Recharge Resources Pty Ltd for AUD 0.1 million. Lodestar Minerals Limited (ASX : LSR) entered into an agreement to acquire Earaheedy Basin tenement E69/3824 from Recharge Resources Pty Ltd for AUD 0.1 million on July 10, 2023. The total consideration for the tenement is $100,000 in cash and shares with a 1% NSR. Lodestar Minerals will pay AUD 0.025 million in cash and AUD 0.075 million of fully paid ordinary shares in Lodestar Minerals. Ankündigung • Dec 23
Lodestar Minerals Limited Provides Exploration Update Lodestar Minerals Limited advised on the following update on multiple projects. Earaheedy Project (100% Lodestar): A PoW has been granted for a approx. 1000m RC program to test the best Airborne Electromagnetics (AEM) and fixed loop electromagnetic (FLEM)1 anomalies within the Troy Creek Beds formation at the Earaheedy Project, which has already demonstrated high Copper (Cu) and Gold (Au) potential within the outcropping gossan. At the Main Gossan historic drilling has intersected 1.5m @ 2.9% Cu from 108.9m in TCD002 and 2m @ 4.65% Cu from 91m in TCRC08-02. No holes have been drilled to test for depth or strike extensions of the mineralisation under cover. A first phase of drilling by Lodestar will be targeting the continuation of this mineralisation under cover at the best electromagnetic anomalies and faults zone areas. Gold anomalies have also been identified and will be targeted at a later stage. The PoW for approx.1000m RC drilling has been granted under the condition of a flora survey which has been scheduled and will be performed by Western Botanical in March. Following the survey and the results of the report, the clearing of access tracks and drill pads will commence. The clearing, which will be supervised by the Traditional Owners is expected to start in late April, with the drilling to commence shortly afterwards. An ultrafine (UFF+) soil sampling programme completed in conjunction with CSIRO was focussed on the 30 EM conductors defined by the previous AEM survey conducted by Lodestar. These targets were grid sampled and the samples were sent to LabWest for ultrafine analysis. This analysis takes the smallest fraction of the samples (<2 µm) and runs it for multi-element analysis. The results are then processed by CSIRO's methodology which incorporates machine learning to define landscape maps which are then used to help in the interpretation of the results. To identify new targets, it is important to classify the regolith landscape (or clusters) which will then allow them to map anomalous concentration within the same unit. Base level concentrations vary depending on the origin of the regolith unit. Analysing the results of this study, they have identified four high priority targets with potential for Cu, Zn-Pb-Ag and Au within 30 targets identified by the AEM. These targets will be the focus of next year's exploration. In parallel, a review of the data, a comparison with the Rumble Resources Zinc-Lead-Silver Sulphide deposits, has identified the northern contact of the Frere Formation as a Zn-Pb-Ag-Cu prospective horizon. A full review of the available geophysical and geochemical data has started to identify highly prospective areas which will be explored in parallel with the Imbin Prospect drilling. These areas haven't been sampled through the first program of the ultrafine project and are at this stage conceptual. Coolgardie West (100% Lodestar): Soil sampling at Coolgardie west has identified a Li, Cs, Nb, Rb, Tl soil anomaly and gold target zones which are planned to be drilled during the First Quarter 2023 following heritage clearances and PoW approval. Neds Creek (JV with Vango Mining earning 51% interest) Three holes were completed at Neds Creek to a maximum depth of 218m for a total of 594m. There were no significant intersections. The magnetic anomaly that was targeted is attributed to a less altered diorite unit. At Jubilee Well, nine holes for a total of 1,312m were completed, over a strike distance of 150m. Best results included 12m @ 1.2 g/t Au from 64m in LJWC005 from the silica-sericite alteration with fine grained disseminated sulphide mineralisation which has been the indicator of the mineralisation in the area as described by PosGold and Acacia. The mineralised shear remains open and a further study of the results will decide of the next targets. Auroch Minerals Limited announced 3 a planned 3,000m drilling programme at the Nepean project to pursue extensions to the high-grade Lithium (Li) results recently intersected by their RC exploration drilling. Auroch have mapped pegmatites close to the mineralised drillholes which will be tested at depth to evaluate the Lithium mineralisation potential of these pegmatites. NPRC084 intersected 6m @ 1.38% Li2O, including 2m @ 3.26% Li2O from 198m and NPRC058 intersected 1m @ 0.88% Li2O from 78m3. Coraline Blaud has been appointed as Exploration Manager for Lodestar Minerals. Coraline has been working as a geologist in the junior mining sector across multiple commodities (Li, K, Au, Pb, Ag, Cu, Ni) within Western Australia as well as in Europe and Africa. Coraline has significant experience in Greenfields exploration and Resource Definition including the Abra Base Metal Deposit (Galena Mining) and the Menzies Gold Project (Kingwest Resources). Recent Insider Transactions • Nov 30
Non-Executive Chairman recently sold AU$990k worth of stock On the 25th of November, Ross Taylor sold around 15m shares on-market at roughly AU$0.066 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ross has been a net seller over the last 12 months, reducing personal holdings by AU$1.2m. Ankündigung • Nov 28
Lodestar Minerals Limited Announces Board Changes Lodestar Minerals Limited advised that effective 2 December 2022, long standing Managing Director Bill Clayton will step down as a director of the Company. Mr. Clayton has been the Managing Director since the inception of the Company and has made an enormous contribution to the Company during his tenure. Although he is stepping down as a director, Mr. Clayton will continue to oversee the Company's exploration activities in a consulting role. The Company also advised that effective 2 December 2022, Mr. Edward Turner will be joining the board as a Non-executive Director. Mr. Turner has 35 years of experience in the mining industry. He is a geologist with extensive experience in exploration management, underground mining, resource development, capital raisings, and commercial acquisitions and divestments. He has worked in precious metals, base metals, uranium and lithium in Australia, Africa, Eastern Europe, and South America. Recent Executive roles have included Technical Director for Riedel Resources Ltd, CEO for Galena Mining Ltd. and CEO of Kingwest Resources Ltd. The Company also advises that Mr. Ross Taylor, formerly Non-executive Chair, has assumed the role of Executive Chair of the Company. Ankündigung • Nov 24
Lodestar Minerals Limited Announces High Grade Lithium Discovered At Nepean Auroch Minerals Limited announced the discovery of high grade lithium mineralisation in reverse circulation (RC) drill-hole samples at the Nepean Nickel Project in Western Australia (Auroch Minerals 80%, Lodestar Minerals Ltd. 20%). Drilling at the Nepean North Prospect was completed in Third Quarter 2022 which consisted of two reverse circulation (RC) holes for 539m to test an IP anomaly for nickel sulphide mineralisation. All geologically logged pegmatites intercepted by the two RC holes were submitted for re-assay for LCT mineralisation via a sodium peroxide fusion and Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES) as part of the Company's ongoing investigation into the project's lithium potential. The field geologists identified a six metre thick pegmatite in NPRC084 between 198-204m (down-hole depth) and a series of thinner pegmatites in NPRC085 from 143m, all of which were submitted for re- assay. The high grade lithium results in hole NPRC084, combined with re-logging of the 6m pegmatite interval, confirmed the presence of the lithium pyroxene mineral spodumene (the principal lithium ore mineral). Significant results include: 6m @ 1.38% Li2O from 198m, including 2m @ 3.26% Li2O from 198m (NPRC084); 3m @ 0.36% Li2O from 165m, including 1m @ 0.52% Li2O from 167m (NPRC085); and 4m @ 0.29% Li2O from 242m (NPRC085). Significantly, the two holes were drilled approximately 150m apart, approximately 420m north of the previously reported lithium result in NPRC058 consisting of 1m @ 0.88% Li2O from 78m,2 which suggests potential LCT-enriched pegmatites over a significant strike length at the Nepean North Prospect. The Company will immediately commence a high priority exploration programme to potentially delineate further high grade spodumene mineralisation. To commence immediately: Thorough ground mapping and sampling programmes over the Nepean North area in search of any unmapped outcropping or sub-cropping pegmatites; Further geochemical investigations to vector towards thicker intercepts of LCT pegmatites; and Planning and permitting for follow up RC drilling and potential for select stratigraphic diamond drilling to understand the potential strike and orientation of these LCT- enriched pegmatites. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Oct 18
Lodestar Minerals Limited Announces Earaheedy Heritage Survey Underway on Priority FLEM Targets Lodestar Minerals Limited advised that a heritage clearance survey has commenced on the Company's Earaheedy base metal project, located on the northern margin of the Earaheedy Basin. The Proterozoic sedimentary-mafic sequence within the project has the potential to host SEDEX, VMS-style and epigenetic, structurally controlled base metal mineralisation. The heritage survey is being conducted over the MC8 and MC9 fixed loop electromagnetic (FLEM) conductors by the Traditional Owners working with the Mungarlu Ngurrarankatja Rirraunkaja Aboriginal Corporation. The MC8 and MC9 modelled conductors represent priority drill targets and drilling will be scheduled on receipt of heritage clearance and program of work approval. Results from the regional UFF+ geochemical program are awaited and will guide the selection of multiple additional FLEM and drill targets from the 30 conductors identified by the airborne Xcite electromagnetic survey. Ankündigung • Oct 06
Lodestar Minerals Limited Announces Exploration Update - Ned's Creek Lodestar Minerals Limited provided the following initial assessment of the recent RC drilling program completed on the Ned's Creek Project JV. The program was designed to test a discrete magnetic anomaly within the mineralized Contessa shear zone, adjacent to the granite contact. The program comprised three holes completed to a maximum depth of 218m for a total of 594m. The magnetic target is along strike from significant gold intersections in previous drilling and was interpreted as a mafic unit with potential to host gold in areas of brittle deformation or hydrothermal magnetite alteration related to mineralisation. The drilling intersected several zones of silica-pyrite alteration within diorite that have potential to host gold mineralisation. Hole locations and an interpreted geology cross section. The target lies within a narrow, linear belt of greenstone, wedged between the Contessa granite and a smaller granite intrusion to the south, concealed beneath Proterozoic sediments, interpreted from airborne EM and aeromagnetic data. Hole LNRC102, targeted the south east dipping magnetic anomaly, intersecting an upper, intensely silicified shear zone above intermittently epidote, haematite and carbonate altered diorite. The key intervals include a zone of silicification and pyrite mineralisation from 142m to 145m and below 187m where haematite altered granite intrusives appear with silicified, pyritic diorite. A hydrothermal molybdenite-pyrite vein marks the contact with sericite altered granite at 208m. The hole continued in altered granite, bearing veinlets of molybdenite-pyrite-fluorite, to the final depth of 218m. It is not known whether this granite represents the Contessa granite, which would indicate a southerly dip to the granite contact. Hole LNRC103 was drilled as a scissor hole to LNRC102 to a depth of 212m. The hole intersected diorite to end of hole with the interval from 116m to 146m displaying partial silicification with trace of pyrite. Hole LNRC104 was drilled below LNRC103 and intersected the Contessa granite from surface to 48m. An intensely silicified shear zone is developed below the granite contact. Silica-pyrite and chlorite altered diorite was intersected from 66m to 97m with a granite intrusion between 97m to 109m. Silica-pyrite altered diorite, with minor zones of epidote and carbonate alteration continued to 125m. The hole terminated in partly silicified diorite at 164m. In summary, drilling intersected a diorite body, thought to be responsible for the magnetic signature, bounded by major shear zones. Intense alteration within the diorite occurs on or near the contacts with granitic intrusives and the observed alteration style is consistent with gold-hosting hydrothermal alteration zones within the known prospects at Contessa, Gidgee Flat and Contessa. Samples from the program have been delivered to the laboratory and assay results will be announced when received. Ankündigung • Oct 01
Lodestar Minerals Limited, Annual General Meeting, Nov 04, 2022 Lodestar Minerals Limited, Annual General Meeting, Nov 04, 2022, at 11:00 W. Australia Standard Time. Location: Level 1, 31 Cliff Street Fremantle, Fremantle Western Australia Australia Agenda: To consider the annual financial report for the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's Report, the Remuneration Report and the auditor's report; to consider Adoption of the Remuneration Report; to re-elect Director Mr David McArthur; to consider Ratification of prior issue of shares under LR 7.1; to consider Ratification of prior issue of shares under LR 7.1A; and Other related matters. Ankündigung • Sep 29
Lodestar Minerals Limited Auditor Raises 'Going Concern' Doubt Lodestar Minerals Limited filed its Annual on Sep 27, 2022 for the period ending Jun 30, 2022. In this report its auditor, Hlb Mann Judd, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Ankündigung • Sep 28
Lodestar Minerals Limited Announces FLEM Identifies Earaheedy Drill Targets Lodestar Minerals Limited advised that the results of the fixed loop electromagnetic surveys (FLEM) completed over the SC-3, MC-8 and MC-9 conductors identified by the regional Xcite heli-EM survey1 have confirmed and refined model conductors for priority drilling. Lodestar holds a strategic land position on the northern margin of the Earaheedy Basin, 70km north east from Rumble Resources' major Zn-Pb discoveries. The Proterozoic sedimentary-mafic sequence within the project is stratigraphically below the Frere Iron Formation and is believed to have potential to host SEDEX, VMS-style and epigenetic, structurally controlled base metal mineralisation. Fixed loop EM surveys over the SC-3, MC-8 and MC-9 conductors within the "Imbin corridor" have been modelled as potential massive sulphide Cu-Pb-Zn targets within the sedimentary sequence. Surface mapping indicates consistent tight to open asymmetric folding about NNW trending fold axes and later folding about east-west trending fold axes. Folds are disrupted by anastomosing NNW trending shears interpreted as NE dipping thrust faults. The models resolved by the FLEM surveys appear to be consistent with these macro structural trends. The SC-3 conductor is located 3.5km southeast of "Main Gossan" copper prospect in an area where historic Zn and Pb anomalies were identified in rock samples2. The FLEM survey has resolved a moderate strength conductor (600m x 300m, ~1200-1500S) target dipping 15- 25deg to the N-NNE. The MC-8 conductor is located along strike and 700m north west from the "Main Gossan" copper prospect in an area of deflection in the regional geology. The MC-8 FLEM plate model is interpreted to reflect a folded sequence with north and south dipping limbs/plates; the target plates dip 30-55deg to the SSW (900m x 300m, moderate to high conductance ~1400- 4000S) and 40-50deg to the N (600m x 150m, moderate conductance ~2000-2500S), respectively. Ankündigung • Sep 12
Lodestar Minerals Limited Announces Drilling Commences at Ned's Creek Lodestar Minerals Limited announced that RC drilling has commenced on the Ned's Creek Project JV (VAN earning 51% interest). Drilling will target a discrete magnetic anomaly within the mineralised Contessa shear zone, adjacent to the granite contact. The magnetic anomaly has been modelled as a 200m long body dipping to the southeast. Previous drilling along strike to the northeast of the magnetic feature has intersected anomalous gold in the transition zone and basement, with the closest hole LNR840, reporting elevated gold from 60m to the end of hole at 84m, to a maximum 3.14g/t Au. The magnetic target and adjacent shear zone will initially be tested by up to four RC drill holes, to a depth of 150m to 200m. Ankündigung • Sep 02
Lodestar Minerals Limited Announces Successful Drilling Completion At Jubilee Well Lodestar Minerals Limited advised that the initial phase of RC drilling has now been completed at the 100%-owned Jubilee Well gold prospect located 8km north of the 9Moz Sunrise Dam gold mine and 2km north of the 100,000oz Au Golden Delicious gold mine, south of Laverton, Western Australia. The RC program targeted shear-hosted gold mineralisation reported in historic drilling along strike from the Golden Delicious deposit being mined by AngloGold. The program consisted of nine holes, for a total of 1312m, over a strike distance of 150m. Historic reports identified gold mineralisation associated with haematite-albite altered quartz diorite with discrete intervals of strong shearing and silicification. Lodestar's drilling consistently intersected a weakly haematite altered felsic intrusive within a sequence of variably silicified and altered chlorite schist (andesite). The andesites display locally intense shearing and silicification. Strongly sheared intervals exhibiting silica-sericite alteration with fine grained disseminated sulphide mineralisation were noted in drill hole logs over the 150m of strike, indicating successful intersection of the mineralised shear zone by PosGold and Acacia. Samples from the program will be dispatched and assayed for gold and multi-elements. Ankündigung • Aug 22
Lodestar Minerals Limited Drilling Commences At Jubilee Well Lodestar Minerals Limited announced that a program of RC drilling has commenced at the 100% owned Jubilee Well gold prospect located 8km north of the 9Moz Sunrise Dam gold mine and 2km north of the 100,000oz Au Golden Delicious gold mine located south of Laverton, Western Australia. Lodestar acquired the Jubilee Well project in 2021 where historic, wide-spaced RC drilling, along strike from Golden Delicious, has intersected anomalous gold with grades up to 4.5g/t Au. Lodestar is targeting the interpreted north-striking host structure over a strike of 150m with a program of nine drill holes on traverses 40m apart, comprising approximately 1200m of drilling in total. The drilling is designed to in-fill and confirm the historic bedrock gold intersections and identify the style and dip of mineralisation. Ankündigung • Jul 28
Lodestar Minerals Limited Provides Update on Exploration Activity on its Earaheedy-Imbin Project Lodestar Minerals Limited provided the following update on exploration activity on the Company's Earaheedy-Imbin project. The Earaheedy-Imbin project is located on the northern margin of the Earaheedy Basin and 70km northeast of Rumble Resource's Chinook Zn-Pb discovery. The fixed loop EM surveys are expected to be completed within two weeks and will define the first targets for drill testing within Lodestar's 950 sq km Earaheedy-Imbin project. Samples from the UFF soil program will be submitted for analysis and will assist in determining the drilling priority for the numerous other EM conductors identified by the Xcite EM survey. Ankündigung • Jul 05
Lodestar Minerals Limited Announces Soil Geochemistry Program Underway At Earaheedy-Imbin Lodestar Minerals Limited provided the following update on exploration activity on the Company's Earaheedy-Imbin project. The Earaheedy-Imbin project is located on the northern margin of the Earaheedy Basin and 70km north east of Rumble Resource's Chinook Zn-Pb discovery. HIGHLIGHTS: An extensive program of soil geochemistry commences over multiple priority EM conductors identified by the Xcite heli-EM survey 1. Program of approximately 2,000 samples designed to test 28 conductors representing potential base metal targets within the "Imbin Corridor", a 20km long zone of Cu-Au anomalism and drill intersections grading up to 7% copper 2. Lodestar joins with CSIRO in the NextGen Ultrafine project, bringing CSIRO expertise to bear on the under explored northern margin of the Earaheedy Basin. A wide-ranging program of soil sampling is underway following significant unseasonal rainfall recorded in May. The program represents the next step in confirming high value drill targets expected to be tested in the coming months. The key objective of the program is to define drill targets using geochemistry to prioritise the most prospective conductors. The ultrafine UFF soil sampling method is a comprehensive multi-element method suited to the Earaheedy-Imbin project where generally thin sand cover has previously impeded effective geochemical sampling. The program will take up to three weeks to complete with CSIRO applying a sophisticated analysis package to aid interpretation of the data. Ankündigung • Jun 09
Lodestar Minerals Limited Provides Update on Exploration Activity over the Western Australian Projects Lodestar Minerals Limited provided the following update on exploration activity over the Company's Western Australian projects. Neds Creek JV: The contact drilling program completed in 2021 has confirmed that the Contessa shear zone is a major, kilometer-scale host to intense hydrothermal alteration and strongly anomalous pathfinder elements, with primary, high grade gold mineralization intersected in drilling at Contessa and Gidgee Flat prospects. Recently reported wide intersections of anomalous gold in LNRC097 (17m at 0.7g/t Au from 122m) and LNRC099 have refocused attention on the drilling gap between Contessa and Central Park prospects and an untestedp "bulls eye" magnetic anomaly within the Contessa shear zone. Previous air core drilling near the magnetic anomaly has intersected elevated gold associated with pyritic intervals in sericite and biotite schists. LNR840, located 70m north of the center of the peak of the magnetic anomaly, reported elevated gold (>0.1gpt Au) from 60m to end of hole at 84m, up to a maximum 3.14gpt Au. Anomalous gold has been consistently intersected over 340m along strike to the northeast towards LNRC097. These intersections coincide with strong alteration and deeper penetration of air core drill holes to a maximum 122m (LNR848) and pervasive albite alteration within the adjacent Contessa granite. The discrete magnetic anomaly is a priority target for RC drilling and geophysical modelling is underway to resolve the depth and orientation of the target. With Program of Work approval in place. Drilling will commence when a suitable contractor can be mobilized to site. Earaheedy Imbin: Extensive soil geochemistry and fixed loop EM surveys over selected late time Xcite EM conductors along strike from the Main Gossan copper prospect, scheduled to commence in May, have been delayed by unseasonal wet weather extending throughout the Pilbara and northern goldfields. Due to significant rainfall the project is currently inaccessible. The Company is closely monitoring weather conditions to determine when the programs can commence, with the aim of starting this month without additional rain. Coolgardie West: An access agreement with the holders of a miscellaneous license that traverses the Coolgardie West project has been finalized, lifting an objection that has delayed the grant of the tenement. Lodestar has engaged with traditional owners and is in the final stages of negotiating a heritage and land access agreement. Following grant, a program of work will be submitted for drilling of the extensive lithium and gold target identified at Coolgardie West. Jubilee Well: Planned RC drilling of the gold target located 2km along strike from the 100k oz Au Golden Delicious deposit is progressing, drill collars have been marked out and the area is now awaiting heritage clearance. Camel Hills: A site visit and rock chip sampling has been completed over the extensive gold in soil anomaly trending over 3.6km north-east from the Big Sky prospect. The Company is dedicated to developing and testing the multiple exploration targets across its extensive portfolio as weather conditions and contractor availability allow and will update shareholders as the situation progresses. Ankündigung • Jun 02
Lodestar Minerals Limited Provides Ned's Creek Jv - Drilling Update Lodestar Mineral Limited provides the following update on assay results from re-sampling of RC drill holes from Contessa, located on the Ned's Creek JV with Vango Mining Limited. The re-sampling included 4m composite samples from holes LNRC073 to LNRC078, replacing the original samples missing in transit and not delivered to the laboratory, and 1m rig split samples from anomalous intervals reported from the original 4m composite samples from LNRC095 and LNRC097. All holes were planned to test the granite contact zone. The results from the 1m split samples from LNRC097 (south Contessa) and LNRC099 (Central Park) have confirmed extensive gold anomalies and mineralisation on the southern margin of the Contessa granite in areas that have received minimal previous drilling. LNRC095 and LNRC097 are separated by 1200m, with no drilling below the base of oxidation between the two areas of drilling. The 4m composite samples submitted from LNRC073 to LNRC078 reported intervals of anomalous gold to a maximum 0.44g/t Au. All holes intersected zones of strong hydrothermal alteration characterised by silica-pyrite alteration with elevated Bi (max 99ppm), Mo (772ppm max), Pb (1490ppm max) and W (67ppm max). Extend systematic RC drilling over the 1200m gap between Contessa and Central Park prospects targeting contact-related gold mineralisation. A discrete magnetic anomaly adjacent to the contact presents a specific exploration target to be tested by upcoming drilling. The magnetic anomaly may represent intrusion-related magnetite alteration on the perimeter of the granite or mafic rocks, a potential site of brittle-style deformation and mineralisation. Ankündigung • May 23
Lodestar Minerals Limited Provides Lithium Update - Drilling Program to Test Strong Anomaly Lodestar Minerals Limited provided the following update on activities at the Coolgardie West project. The Coolgardie West project comprises tenement E15/1813, located 10km west of the mining centre of Coolgardie. The project lies within the Coolgardie Domain of the Norseman-Wiluna Greenstone Belt that hosts important spodumene lithium deposits at Bald Hill and Mt Marion and the Sinclair caesium deposit. A 2km long, contiguous Li, Cs, Nb, Rb and Tl soil geochemical anomaly characteristic of highly fractionated pegmatites has been defined at Coolgardie West. The anomaly has a spatial relationship with a northeast striking pegmatite that parallels the western contact of the greenstone belt. The extent and geological setting of the soil anomaly identifies the pegmatite as a potentially highly significant lithium-caesium-tantalum (LCT) target. The pegmatite outcrop is restricted to scattered, shallow historic workings (trenches, pits and scrapings) over approximately 1200m strike. The contacts are not exposed and the geometry, thickness and internal composition of the pegmatite cannot be determined. A reconnaissance program of rock chip sampling of feldspar or quartz dominant pegmatite and aplite (minor fine-grained variant) was collected from mullock dumps surrounding the shallow workings. Assay results for 25 rock samples submitted for multi-acid digest, ICP-MS analysis do not account for the elevated lithium values reported from soil geochemistry, generally reporting values below those of the soil anomaly (max. 194ppm lithium). Ankündigung • Apr 28
Lodestar Minerals Limited Announces In-Fill Sampling Confirms Large Gold Targets at Coolgardie West Lodestar Minerals Limited advised that in-fill multi-element soil geochemistry at the Coolgardie West project has confirmed and upgraded two significant gold in soil anomalies that represent priority drill targets. The Coolgardie West project is located 10km west of the Coolgardie gold mining centre. Follow up soil sampling at Coolgardie West was designed to in-fill gold anomalies outlined by the first-pass ultrafine UFFTM sampling program 2 and extend the sampling over the majority of tenement E15/1813. Lodestar is currently experiencing a four-week turnaround for geochemical samples, enabling relatively rapid discrimination of exploration targets. Two priority gold anomalies have now been confirmed by in-fill sampling on a 200m by 200m grid. The northern target is located 1.5km along strike from the greenstone pinch-out, adjacent to a prominent northeast trending shear zone that defines the western contact of the Calooli Granite. The 20ppb Au contour extends for 1200m, with a maximum 37.5 ppb Au. The western target is located 2.4km northwest of and parallel to the greenstone. The 15ppb Au contour extends for 2,000m in a north easterly direction, with a maximum 30.9ppb Au. Both targets are associated with northeast trending shear zones and occur in areas of soil cover with no previous drilling. Assay results from follow up sampling of the extensive greenstone-hosted pegmatite lithium target are pending. Once results are received, a first-pass drilling program will be planned to test both lithium and gold targets. Given the significant potential that exists at Coolgardie West, the Company is working to finalise a heritage and access agreement over the tenement prior to gaining statutory approvals. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 06
Lodestar Minerals Limited (ASX:LSR) acquired E45/5735, 8km north of Telfer gold deposit AUD 2144. Lodestar Minerals Limited (ASX:LSR) acquired E45/5735, 8km north of Telfer gold deposit for AUD 2144 on April 6, 2022.
Lodestar Minerals Limited (ASX:LSR) completed the acquisition of E45/5735, 8km north of Telfer gold deposit on April 6, 2022. Ankündigung • Mar 31
Lodestar Minerals Limited Expands Lithium and Gold Search At Coolgardie West Lodestar Minerals Limited announced that an additional multi-element soil geochemistry program on the Company's 100% owned Coolgardie West project has been completed. The program was designed to extend geochemical sampling over the north-western and south-eastern extent of the tenement and in-fill within the contiguous gold anomalies identified in 400m by 200m sampling. All samples have been delivered to the laboratory for assay. A field visit to scope the distribution of the pegmatite unit was completed earlier in March. The distribution of historic pits has confirmed the significant strike extent evident in the Li soil geochemistry. Shallow excavations extend discontinuously over a strike of 1900m, the total width of the pegmatite is not exposed, but in places pits are distributed laterally over widths of up to 40m. Due to limited surface information the characteristics of the pegmatite (zoned, unzoned, mineralogy, geometry) cannot be discerned at this early stage. The local foliation in country rocks is steeply dipping and overall, the geometry appears to be a linear, steeply dipping pegmatite intruding a shear zone that is parallel and adjacent to the western margin of the greenstone sequence. The Company has identified an exciting, unexplored LCT pegmatite target at Coolgardie West and first- pass drilling is required to determine the key characteristics, including mineralogy and geometry. Lodestar plans to RC drill multiple traverses over the pegmatite as soon as practicable. Ankündigung • Mar 04
Lithium Commences Exploration on Coolgardie West Project Lodestar Minerals Limited advised that a program of surface exploration will commence with the objective of confirming a significant, 2km long LCT soil anomaly identified on the 100% owned Coolgardie West project. A reconnaissance visit in December 2021 observed historic excavations in poorly outcropping pegmatite at the northern end of the LCT anomaly. The anomaly is linear and trends northeast, parallel to the geological layering within the greenstone, suggesting a simple geometry. The pegmatite is not mapped, nor is there any record of pegmatites previously identified within the tenement and Lodestar is believed to be the first operator to specifically target lithium at Coolgardie West. The program will entail field mapping and sampling within the anomaly to confirm the LCT potential. The Company has engaged contractors to complete a (500 sample) program of soil geochemistry to in-fill the kilometre-scale +10ppb Au gold anomalies identified by the UFFTM sampling program. The program is designed to in-fill the anomalies on a 200m by 200m grid and will also extend into untested areas. The program will also target extensions to the lithium anomaly on the southern margin of the tenement, an area not sampled previously. Ankündigung • Feb 21
Lodestar Minerals Limited announced that it expects to receive AUD 2.78 million in funding Lodestar Minerals Limited announced a private placement of 347.5 million fully paid ordinary shares at a price of AUD 0.08 per share for gross proceeds of AUD 2.78 million on February 21, 2022. The transaction will include participation from professional and sophisticated investor clients of Canaccord Genuity and Euroz Hartley. The placement will be made pursuant to ASX Listing Rule 7.1 and 7.1A and s708A of the Corporations Act. Ankündigung • Feb 12
Lodestar Minerals Limited Announces Lithium Potential Upgraded At Coolgardie West Lodestar Minerals Limited advised that the recently completed regional soil sampling over E15/1813, located 10km west of Coolgardie, Western Australia has revealed a significant LCT geochemical trend extending from sub-cropping pegmatites exposed in historic scrapings. The results from a 937 sample UFFTM ultrafine soil sampling program completed in December 2021 have highlighted a 2.5km long coincident Li-Cs-Sn-W geochemical trend within the north-east trending Coolgardie greenstone. Significantly, theresults indicate that the pegmatite is more extensive than indicated by minor historic excavations, for which there is no public record.Lodestar's first-pass sampling program was completed on a 200m by 100m regular grid overthe area of mapped greenstone and expanded to a 400m by 200m grid over a wider area totest historic gold anomalies along the major structural contact between the Bali and CoolarliGranites. Two extensive +16ppb Au gold anomalies have also been identified. One, extending over1.8km and adjacent to a north-east trending structure, has confirmed an historic anomaly inResolute data 1 and demonstrated that the anomaly is not related to drainage dispersion. Thesecond anomaly extends over 2km and trends north-west adjacent to the contact betweenthe Coolarli and Bali Granites. Both anomalies occur in areas of soil cover andhave not been tested by drilling. Follow up surface exploration planned for the pegmatite target will aim to confirm the lithiumpotential using LCT-specific analytical methods. Ankündigung • Dec 15
Lodestar Minerals Limited Provides Update on Progress at the Earaheedy-Imbin Base Metal Project Lodestar Minerals Limited provided the following update on progress at the Earaheedy-Imbin base metal project. The recent grant of E69/3533, a key tenement that includes the 20km long Imbin Cu-Ag-Au corridor, heralds the commencement of on-ground exploration over recently identified priority EM targets, subject to meeting heritage clearance requirements. Interpretation of the heli-EM regional survey flown in July1 is complete, with numerous discrete late time conductors identified within the northwest trending Imbin corridor. Most conductors are located outside the area of historic exploration in areas of shallow sand cover and exploration targeting will be guided by planned geochemical sampling in combination with geological interpretation. Lodestar's 900 sq. km Imbin project, located on the northeastern margin of the emerging Earaheedy metallogenic province, demonstrates important geological characteristics that indicate a favourable environment for hosting base metal mineralisation. Of similar age to ore-forming events in the Bryah Basin, on the same tectonic margin. Mafic intrusives within the sedimentary sequence represent a source of heat and metals and are consistent with a model of crustal thinning and local rifting for the genesis of volcanic massive sulphide (VMS) mineralisation. Gravity high supports the concept of a magmatic centre beneath the Imbin corridor. Regional scale northwest trending zones (thrusts) may represent reactivated early faults and pathways for metal-bearing hydrothermal fluids. Epigenetic Cu-Ag-Au mineralisation intersected in drilling at Main Gossan prospect2 (e.g. 8m at 1.76% Cu, 9g/t Ag from 88m and 4m at 3.04% Cu from 104m in TCRC09- 06) confirms the base metal potential of the project. Includes the continuation of the important Frere unconformity that hosts a major discovery of Zn-Pb-Ag SEDEX mineralisation on the southwestern margin of the Earaheedy Basin. Ankündigung • Nov 22
Lodestar Minerals Limited Announces Exploration Update on Ned's Creek Joint Venture Lodestar Minerals Limited advises that the RC drilling program at the Contessa gold prospect located on the Ned's Creek Joint Venture (Vango Mining earing 51%) is completed and all samples have been dispatched to the laboratory for assay. The program comprised 29 holes in total for 3,715m and consisted of two phases. a series of 12 vertical RC holes, drilled to a set depth of 90m over an area of 120m by 140m, to verify significant supergene gold intersected in previous aircore drilling and support a maiden resource estimate for the supergene hosted mineralisation; 14 holes targeting the Contessa granite contact as a potential source of the widespread supergene and nugget-related gold discovered in the Contessa area; and 3 additional RC holes were completed on the contact zone 1,500m southwest of Contessa, at the Central Park prospect. Previous aircore drilling at Contessa intersected extensive supergene gold mineralisation 1 prior to RC drilling programs that targeted deeper primary mineralisation. Significant intercepts from earlier aircore drilling include: 15m at 3.1g/t Au from 40m in LNR546, 21m at 3.01g/t Au from 40m in LNR656, 20m at 1.61g/t Au from 48m in LNR796, 12m at 1.3g/t Au from 48m in LNR800, 8m at 3.35g/t Au from 48m in LNR810, 16m at 2.16g/t Au from 84m in VCTRC0003, including 4m at 9.63g/t Au. Results from the recently completed program will support a maiden resource estimate for a potential open pit operation at Contessa. Exploration drilling also targeted the granite contact at Contessa for the first time, testing a strike distance of over 600m, with holes angled to the southeast at regularly spaced intervals of 100m . The key observations of the drilling relate to visual confirmation of an extensive hydrothermal alteration system developed on the granite contact. Hydrothermal alteration identified within a granodiorite intrusive extends over a distance of at least 400m. The hydrothermal alteration consists of strong silica and/or sericite alteration with associated disseminated pyrite. Accessory molybdenite and fluorite observed within the alteration zone are consistent with the extensive Bi-Mo geochemical anomaly that first identified the Contessa exploration target. The alteration is pervasive and interpreted to be associated with the intrusion of a fluid-rich, undeformed late granitic phase. Hole LNRC097, the most south westerly hole in the Contessa program, also intersected silica alteration with disseminated pyrite in schistose rocks adjacent to the contact (the contact itself was not intersected). Previous aircore drilling completed between the Contessa and Central Park prospects (1,500m along strike to the south west) does not extend over the contact intersected in this program. Ankündigung • Jun 22
Lodestar Minerals Limited (ASX:LSR) entered into a binding agreement to acquire E15/1813 tenement at 500km east of Perth, Western Australia from a private prospector for AUD 0.07 million. Lodestar Minerals Limited (ASX:LSR) entered into a binding agreement to acquire E15/1813 tenement at 500km east of Perth, Western Australia from a private prospector for AUD 0.07 million on June 21, 2021. The consideration comprises AUD 50,000 cash and 1,818,181 fully paid ordinary shares. Ankündigung • Jun 03
Lodestar Minerals Limited Provides Imbin Base Metal Exploration Update Lodestar Minerals Limited provided the following update on exploration activities at its 100%-owned Imbin base metal project, 170km north of Wiluna, Western Australia. The planned airborne EM survey using NRG's ExciteTM Airborne Electromagnetic (AEM) system is on schedule to commence around 20th June. The survey, the first of its kind to be flown over the project tenements, will cover a 20km long corridor of historic Cu-Au anomalies and base metal enriched siliceous ironstones to locate conductors that may represent high-value massive sulphide drill targets. Historic exploration at Imbin has focused on copper and gold mineralisation within the lower Yelma Formation or the iron ore potential of granular iron formations (GIF) in the overlying Frere Formation. Previous explorers have confirmed that the key Zn-Pb quartz arenite target (mapped as dipping to the north at 15-80 degrees on Lodestar's tenements) underlies the Frere iron formation (a similar stratigraphic position to that hosting Rumble Resources' Zn-Pb-Ag mineralisation on the south western margin of the Earaheedy Basin) and a number of Zn and Pb anomalies have been identified Sons of Gwalia were the first to recognise and map the arenite unit 1 and report anomalous lead values, up to 480 ppm Pb in rock chips from the "Yelma quartzite unit". Later exploration by Mount Isa Mines (MIM) 2 discovered gossanous veins south-east of the Main Gossan prospect that reported up to 0.29% Pb and 0.22% Zn. The veins, located in the geological footwall to the target Frere quartz arenite, may represent re-mobilised mineralisation sourced from adjacent stratigraphy. Planned field work, centred on the Cu-Au corridor and first-pass soil geochemistry that will test approximately 10km of strike of the quartz arenite unit on a 500m by 100m grid, is awaiting heritage clearance. the northern margin of the prospective basin and is the site of significant historic copper intersections in drilling and approximately 20km of strike of the target Yelma-Frere unconformity. Lodestar discovered multiple zones of syenite intrusion-related gold mineralisation at the Ned's Creek Project on the Yilgarn craton margin, 150km west of Imbin. Vango Mining Limited is earning a 51% interest in the Ned's Creek JV by contributing $5M of expenditure over 3 years. Bulong and Jubilee Well are recent acquisitions in highly endowed gold districts; first-pass drill programs are being planned. Ankündigung • Feb 18
Lodestar Minerals Limited announced that it expects to receive AUD 1.32 million in funding Lodestar Minerals Limited (ASX:LSR) announced a private placement of 120,000,000 fully paid ordinary shares at a price of AUD 0.011 per share for gross proceeds of AUD 1,320,000 on February 17, 2021. Ankündigung • Jan 15
Lodestar Minerals Limited announced that it expects to receive AUD 0.8394 million in funding from Vango Mining Limited, GoldFellas Pty Ltd Lodestar Minerals Limited (ASX:LSR) announced a private placement of 59,957,142 shares at an issue price of AUD 0.014 per share for gross proceeds of AUD 839,400 on January 14, 2021. The transaction will include participation from Vango Mining Limited (ASX:VAN) for AUD 200,000 and GoldFellas Pty Ltd for AUD 350,000. The company will also issue One free attaching unlisted option exercisable at AUD 0.03 by December 31 2022 will be issued for every 2 shares applied for a total of 29,978,571 options. Ankündigung • Nov 23
Lodestar Minerals Limited Announces High Grade Drilling Results Up to 15g/t from Ned's Creek Lodestar Minerals Limited announced that significant high grade results have been received from drilling at The Ned's Creek Joint Venture Project, where Vango Mining Ltd. ("Vango") are spending $5 million over 3 years to earn a 51% interest. Key highlights from the release made by Vango are as follows: Results from initial four holes at the Contessa Prospect Ned's Creek include significant intersections: 11m at 2.29 g/t Au incl. 1m at 15.2 g/t Au from 52m in VCTRC0015; and 3m at 3.61 g/t Au incl. 1m at 8.25 g/t Au from 46m in VCTRC0012. Results confirm open-pit resource potential and will be included in the Marymia and Ned's Creek projects' resource expansion programs over the coming months. Results are also pending for a further four drillholes which tested down plunge of previous high-grade intersections at Contessa and Gidgee Flat - which included 4m at 78 g/t Au1. Ankündigung • Nov 16
Lodestar Minerals Limited Commences Aircore Drilling Program At Camel Hills Lodestar Minerals Limited advised that drilling has commenced at the Constellation prospect within the Camel Hills project, located 200km north west of Meekatharra, Western Australia. The Camel Hills project is subject to a farm out agreement with GoldFellas Ltd. 2 ("GoldFellas") whereby GoldFellas will earn an initial 25% interest in the project by contributing $300,000 of exploration expenditure. The program is expected to take up to two weeks to complete. Aircore drilling will test the large Constellation gold in soil anomaly over a strike distance of 900m. The Constellation anomaly is defined by a contiguous 9ppb Au soil anomaly with a peak result of 133ppb Au 3 and is located 3 kilometres west of the Big Sky prospect where coarse gold in laminated quartz veining was targeted by RC drilling. High grade drill intersections reported from beneath the Big Sky outcrop included 6m at 20.3g/t Au. Constellation and Big Sky are located along the northern margin of an intense regional magnetic anomaly within the Errrabiddy Shear Zone. The magnetic anomaly extends for 14 kilometres and is coincident with a broad area of gold anomalism defined by historic drainage sampling. The Big Sky high-grade gold occurrence and related gold mineralisation in drilling occurs at the northern contact of the magnetic anomaly. Lodestar's soil sampling, completed on a 100m by 20m grid, identified the Constellation target as a contiguous gold anomaly parallel to the regional structural trend and magnetic anomaly and a priority target for first pass drilling. 