New Risk • Apr 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% 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 (19% average weekly change). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$64.5m market cap, or US$45.9m). Duyuru • Apr 02
Lachlan Star Limited has completed a Follow-on Equity Offering in the amount of AUD 7.468 million. Lachlan Star Limited has completed a Follow-on Equity Offering in the amount of AUD 7.468 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.12
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,233,333
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing Duyuru • Apr 01
Lachlan Star Limited has filed a Follow-on Equity Offering in the amount of AUD 7.468 million. Lachlan Star Limited has filed a Follow-on Equity Offering in the amount of AUD 7.468 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.12
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,233,333
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing Duyuru • Mar 27
Lachlan Star Limited (ASX:LSA) completed the acquisition of 90% stake in New Waverley Gold Project from David Golly Pascoe. Lachlan Star Limited (ASX:LSA) entered a binding agreement to acquire 90% stake in New Waverley Gold Project from David Golly Pascoe for AUD 10.1 million on February 2, 2026. The upfront consideration consists of AUD 0.15 million in cash and 12.5 million fully paid ordinary LSA shares of which 50% (6.25 million fully paid ordinary shares) are subject to voluntary escrow for 12 months. The contingent consideration consists of Milestone 1: a payment of AUD 0.5 million cash and AUD 1 million fully paid ordinary LSA shares upon delineation of at least 100,000 ounces of gold JORC Ore Reserve at or above a cut-off grade of 0.4g/t of gold (for an open pit) or 2.0g/t of gold (for underground operations) on any of the tenements and Milestone 2: a payment of AUD 7.5 million (payable in cash and / or fully paid ordinary shares, at LSA’s election), upon delineation of at least 500,000 ounces of gold JORC Ore Reserve at or above a cut-off grade of 0.4g/t of gold (for an open pit) or 2.0g/t of gold (for underground operations) on any of the tenements.
Completion of the transaction is subject to the condition requiring the satisfaction or waiver of the receipt of Ministerial consent for the transfer of M63/673, M63/678 and L63/96, amongst other standard conditions for agreements of this nature.
Lachlan Star Limited (ASX:LSA) completed the acquisition of 90% stake in New Waverley Gold Project from David Golly Pascoe on March 26, 2026. New Risk • Mar 12
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$4.1m 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$4.1m free cash flow). Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$39.9m market cap, or US$28.5m). New Risk • Feb 28
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 13% 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 Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$31.1m market cap, or US$22.1m). New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$15.1m market cap, or US$10.1m). New Risk • Dec 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.78m) 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 Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.8m market cap, or US$9.78m). Duyuru • Dec 01
Lachlan Star Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1625 million. Lachlan Star Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1625 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,650,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.0025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,600,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Duyuru • Sep 22
Lachlan Star Limited, Annual General Meeting, Nov 26, 2025 Lachlan Star Limited, Annual General Meeting, Nov 26, 2025. New Risk • Sep 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$15.3m market cap, or US$10.2m). New Risk • Sep 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% 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 Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$17.9m market cap, or US$11.7m). Duyuru • Aug 28
Lachlan Star Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1625 million. Lachlan Star Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1625 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,650,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.0025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,600,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.9m (US$9.18m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.9m market cap, or US$9.18m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Feb 25
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$3.4m 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$3.4m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$12k revenue, or US$7.5k). Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (AU$15.9m market cap, or US$10.1m). New Risk • Feb 14
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 18% 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 (18% average weekly change). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (AU$18.9m market cap, or US$12.0m). New Risk • Jan 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$8.90m) 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 Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$8.90m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Duyuru • Nov 29
Lachlan Star Limited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million. Lachlan Star Limited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,400,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.005
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,600,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.005
Transaction Features: Subsequent Direct Listing New Risk • Nov 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor 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 Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$23.3m market cap, or US$15.2m). New Risk • Sep 28
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$1.6m 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$36k revenue, or US$25k). Minor Risk Market cap is less than US$100m (AU$24.4m market cap, or US$16.8m). Duyuru • Sep 19
Lachlan Star Limited, Annual General Meeting, Nov 27, 2024 Lachlan Star Limited, Annual General Meeting, Nov 27, 2024. New Risk • Mar 28
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). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$7.7k revenue, or US$5.0k). Market cap is less than US$10m (AU$8.30m market cap, or US$5.39m). New Risk • Oct 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 (24% average weekly change). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$19.7m market cap, or US$12.4m). Duyuru • Oct 26
Lachlan Star Limited Appoints Andrew Tyrrell as Chief Executive Officer, Effective 1 February 2024 Lachlan Star Limited announce the appointment of highly experienced mining executive and geologist Andrew Tyrrell as Chief Executive Officer. Mr. Tyrrell was most recently General Manager Discovery for leading gold producer and explorer Gold Road Resources Limited, where he led the transition of Gold Road to a national explorer and in the restructuring of the Company's Discovery Group into a self-generating business development and project generation model. Before joining Gold Road, he spent 10 years at Anglo Gold Ashanti in various roles, including as Technical Manager of global greenfields exploration and as Exploration Manager, USA, where he led the team in the discovery of the Silicon project epithermal system, whilst rebuilding the North American exploration project and generative portfolio. Mr. Tyrrell is an exploration geologist with 20-plus years' experience in the minerals industry with a primary focus on gold. Mr. Tyrrell has an MSc in Ore Deposit Geology from the University of WA and a BSc in Applied Geology from Curtin University. Mr. Tyrrell is a member of the Society of Economic Geologists, the Australian Institute of Geoscientists, and the Geological Society of Nevada. Mr. Tyrrell will commence his role with the Company on 1 February 2024. Duyuru • Sep 26
Lachlan Star Limited, Annual General Meeting, Nov 29, 2023 Lachlan Star Limited, Annual General Meeting, Nov 29, 2023, at 14:00 W. Australia Standard Time. Location: Ascent Capital, Level 1, 33 Ord Street West Perth Western Australia Australia Agenda: To consider the election and appointment of directors. Duyuru • Sep 08
Lachlan Star Limited, Annual General Meeting, Oct 10, 2023 Lachlan Star Limited, Annual General Meeting, Oct 10, 2023, at 10:00 W. Australia Standard Time. Location: Ascent Capital Level 1, 33 Ord Street West Perth Australia Agenda: To consider approval of TRK resources acquisition and issue of new shares to Devex Resources Limited; and to consider any other matters. Duyuru • Aug 04
Lachlan Star Limited (ASX:LSA) entered into share sale agreement to acquire TRK Resources Pty Ltd. from DevEx Resources Limited (ASX:DEV) for AUD 7.5 million. Lachlan Star Limited (ASX:LSA) entered into share sale agreement to acquire TRK Resources Pty Ltd. from DevEx Resources Limited (ASX:DEV) for AUD 7.5 million on August 3, 2023. The consideration includes a consideration of AUD 7.5 million in LSA shares plus a 2% Net Smelter Royalty. Following the completion, DevEx will also hold 36.46% of the ordinary share capital of Lachlan Star and will appoint two directors to the Lachlan Board. The transaction is subject to Lachlan shareholder approval with such meeting expected to be held in late September. The agreement also contains additional conditions precedent, warranties and indemnities that are typical for an agreement of this nature. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Gary Steinepreis was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Sep 27
Lachlan Star Limited, Annual General Meeting, Nov 24, 2022 Lachlan Star Limited, Annual General Meeting, Nov 24, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Gary Steinepreis was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Jul 06
Lachlan Star Limited Provides an Update on the Killaloe Gold Project in the Eastern Goldfields Lachlan Star Limited provided an update on the Killaloe Gold Project in the Eastern Goldfields following geological field reconnaissance and rock chip sampling of historic workings and targeted geology to assist in the finalisation of planning for Lachlan Star's maiden drilling program. Killaloe Gold Project: The Killaloe Gold Project, located in southeast Western Australia approximately 600km east of Perth and 35km northeast of the historic gold mining town of Norseman, comprises two, largely contiguous exploration licences (E63/1018 and E63/1017) and a separate mining licence (M63/177) covering a total combined area of 94km2. There are no other land users and access is generally good although sometimes limited by thick bush and weather events. Field Reconnaissance Rock Chip Assay Results: During May 2021, geological reconnaissance and rock chip sampling was undertaken of historic workings and geological outcrop within tenement M63/117 and additional reconnaissance and sampling was targeted exposed ultramafic units within tenement E63/1018, with both tenements forming part of the Killaloe Gold Project. Gold mineralisation within tenement M63/117 is interpreted to be controlled by a series parallel shear zones intruded by quartz veining and associated alteration. Historic gold workings that have exploited the gold mineralised trends and the geological strike approximate an east-west orientation and historic drilling defined multiple parallel zones requiring testing. Following the rock chip sampling Lachlan Star has planned an initial drilling program that will test the width of the defined gold mineralised zones to confirm interpretation, then if correct, will follow-up with deeper drilling to define high-grade gold mineralised shoots similar to the high-grade quart reefs within the Norseman region. Field reconnaissance of E63/1018 has confirmed the presence of multiple ultramafic units on the western margin of the tenement and laboratory analysis has confirmed the presence of anomalous nickel mineralisation. A review of historic exploration has identified several targets that require drill testing, and the Company is also reviewing the possibility of a ground EM survey to attempt to define potential high priority targets for assessment. The field reconnaissance also reviewed the historic gold-silver workings on the eastern margin of the tenement. These working are interpreted to exploit a series of "quartz blows" proximal to the geological contact between sediment and mafic dominated terranes and possibly represent a target for development of high-grade mineralisation proximal to the contact zone. Maiden Drill Program: Results from the first round of reconnaissance sampling are encouraging, and in conjunction with historic exploration warrant follow-up with Lachlan Star planning to commence a maiden drill program at the Killaloe Gold Project. The program will target: Multiple high-grade gold trends within M63/117 to facilitate mineral resource review; Historic Gold-Silver workings in E63/1018 testing a strike length of over 1,500m previously undrilled; Targeting the western ultramafic sequence with anomalous nickel mineralisation within E63/1018. The drilling program, will consist of a minimum of 1,200m of RC drilling, with the majority of the drilling expected to be completed on tenement E63/1018. Recent Insider Transactions • Jun 13
Insider recently sold AU$59k worth of stock On the 4th of June, Carly McGowan sold around 2m shares on-market at roughly AU$0.034 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$276k more than they bought in the last 12 months. Duyuru • May 08
Lachlan Star Limited Provides Update on the Koojan Cu-Ni-PGE Project Lachlan Star Limited provided this update on the Koojan Cu-Ni-PGE Project (Project) JV with Liontown and provide information on the Killaloe gold project in the Eastern Goldfields held by Lachlan Star. The Mallory PGE-gold anomaly is defined by 200x200m spaced samples with a number of plus 100ppb (0.1g/t) PGE values recorded coincident with strongly anomalous gold, copper and nickel. The coincident anomalous copper and nickel is interpreted to indicate possible sulphide-related mineralisation. Government geological mapping indicates that the underlying bedrock geology comprises poorly exposed mafic, metasedimentary and gneissic rock units. The Bourbana gold anomaly is defined by 400x100m sampling with multiple plus 50ppb Au values. The bedrock geology is obscured by shallow lateritic cover; however, the anomaly is coincident with linear magnetic highs, suggestive of iron-rich mafic units. Further work including in-fill sampling and geological mapping will be planned once all assays are received from the geochemical sampling. The Killaloe Project, located in southeast Western Australia approximately 600km east of Perth and 20- 30km northeast of the historic gold mining town of Norseman (Figure 3), comprises two, largely contiguous exploration licences (E63/1018 and E63/1017) and a separate mining licence (M63/177) covering a total combined area of 94km2. There are no other land users and access is generally good although sometimes limited by thick bush and weather events. In January 2021 a total of 550 auger geochemical samples were collected that cover the majority of tenement E63/1713. The results from this auger sampling confirms gold anomalous trends with assay results up to 45ppb gold and remain open along strike. Lachlan Star is undertaking field reconnaissance to determine the geological controls on the gold anomalism and will prioritise targets for aircore drilling. Duyuru • Feb 25
Lachlan Star Limited, Annual General Meeting, Mar 31, 2021 Lachlan Star Limited, Annual General Meeting, Mar 31, 2021, at 10:00 W. Australia Standard Time. Location: Ascent Capital, 33 Ord Street, West Perth Western Australia Australia Agenda: To consider the ratification of Tranche 1 Placement Listing Rule 7.1; to consider ratification of Tranche 1 Placement Listing Rule 7.1A; to consider approval to Issue Shares Tranche 2 Placement Unrelated Investors; to consider ratification of prior issue of Shares Coobaloo Vendor; to consider approval to Issue Shares Liontown Vendors;to consider Participation of Gary Steinepreis in the Placement;to consider Participation of Bernard Aylward in the Placement;to consider Participation of Daniel Smith in the Placement; and to consider issue of Performance Rights to Bernard Aylward. Executive Departure • Jan 28
Non-Executive Director has left the company On the 27th of January, Klaus Eckhof's tenure as Non-Executive Director ended after 2.5 years in the role. As of September 2020, Klaus personally held 20.00m shares (AU$280k worth at the time). Klaus is the only executive to leave the company over the last 12 months. Duyuru • Jan 28
Lachlan Star Limited announced that it expects to receive AUD 0.6 million in funding Lachlan Star Limited (ASX:LSA) announced a private placement of up to 40,000,000 shares at a price of AUD 0.015 per share for gross proceeds of AUD 600,000 on January 27, 2021. The transaction is expected to close on March 8, 2021. The transaction is subject to shareholder meeting approval to be held on March 5, 2021. 