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- Drilling results continue to support December 2025 exploration target of 250,000 to 300,000 oz
- Thick, high-grade gold results returned from Central Park prospect
- Results included significant oxide and transitional intersections
- Assays confirm Central Park mineralisation is open toward the west
Lodestar Minerals (ASX:LSR) has received further encouraging assay results from a reverse circulation (RC) drilling campaign at the Central Park prospect within the Ned’s Creek gold project in WA.
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Results returned from the recently completed drilling continue to support the company’s exploration target and highlight areas open for mineralisation extension.
In December 2025, the company published an exploration target of 250,000 to 300,000 ounces
CEO, Coraline Blaud, said the high grades and thick oxide mineralisation returned from Central Park further support the potential to expand the mineralisation footprint at Ned’s Creek.
“Importantly, Ned’s Creek continues to demonstrate very strong growth potential in the oxide zone and in fresh rock. This is shown by the identification of new mineralised lodes sub-parallel to those previously recognised, mineralisation extending from the supergene zone into the underlying fresh rock and mineralisation intersected at or beyond the limits of the exploration target.
“Pending results are eagerly awaited to finalise the data collection required to support advancement of the asset towards a Maiden MRE this calendar year.”
LSR personnel have completed the first round of resampling of the 4.0m composite results that have returned positive results above 0.2 grams per tonne (g/t).
Currently 1,085 resamples are at the laboratory awaiting analysis with additional samples expected once final 4.0m composite samples are received. within the next four weeks.
Mr Blaud said this drilling campaign will support the company’s maiden mineral resource estimate (MRE) for Ned’s Creek later in CY2026 and to support a mining lease application in early 2027.
Drilling was completed in early 2026 for a total of 12,417m drilled from 106 RC drill holes over a two-month period.
The CEO told shareholders the current results indicate that the project is tracking within the exploration target range.
LSR is up 12.5% to 0.9¢. Mkt cap $11.65M.
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