Lodestar Minerals obtains positive assays from Ned’s Creek

• Drilling continues to support exploration target.
• RC drilling program at Ned’s Creek completed.
• 578 assays samples from the first 13 drill holes received.
• Results continue to confirm continuity within the targeted shear zone.

Lodestar Minerals (ASX:LSR) is on target to deliver a maiden mineral resource estimate for Ned’s Creek with assays rolling in for the WA gold project. The company has received positive indications from the initial assay results received in respect of the first 13 RC holes from its 106-hole drilling campaign.

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A total of 12,344 metres were drilled over two months, with Gidgee Flat the focus of the bulk: 7,581m, then 2,778m at Contessa, and 1,985m at Central Park.

While initial logging and sampling are complete, resampling will be ongoing over the next one-two months. Lodestar’s CEO, Coraline Blaud, said mineralisation intersected continues to provide confidence and display continuity with a previously announced exploration target and mineralisation model.

“The completion of 12,344m of drilling marks a transformational step forward for the Ned’s Creek project. Results continue to expand the oxide mineralisation footprint while confirming the continuity of the mineralised shear-zone trend across the project area,” Ms Blaud told shareholders today.

“What’s more exciting with this first set of results is confirmation of high-grade gold beyond the limits of the Exploration Target zone, suggesting running room for growth in the scale of the project as further drilling is completed.

“With an extensive database now in place, Lodestar is well positioned to advance towards a maiden MRE in 2026 and unlock the broader development potential.”

Back in December CY25, the company outlined an exploration target of 250,000 to 300,000 ounces of gold in the range of five to seven million tonnes (Mt) at 1.0 to 1.7 grams per tonne (g/t) at Ned’s Creek across the three main prospects: Gidgee Flat, Contessa, and Central Park Prospects.

“The current results show that we are expecting to be within the target range, but there is currently insufficient information to determine where the mineralisation will fall within the range,” Ms Blaud said this morning.

Ned’s Creek is in a proven gold region near Catalyst’s Plutonic Gold Mine and plant, and in trucking distance of Westgold’s Blue Bird plant, near Meekatharra.

Lodestar is working towards the delivery of a maiden MRE for the project in CY26.

LSR closed -7.69% yesterday, at 1.2¢. Mkt cap $18.93M.

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