-1200x645-800x430.jpg)
- Mineralisation open along strike and at depth in all three deposits
- Modelling can now be finalised in support of a maiden Mineral Resource Estimate.
- New results from Gidgee Flats provide near surface grade in central Gidgee
- Planning to release maiden MRE in October
Lodestar Minerals (ASX: LSR) has achieved positive final results from 4.0m composite and 1.0m resamples from the Ned’s Creek gold project in WA.
.png)
The results continue to support the published exploration target one and highlight further areas and extensions open for gold mineralisation.
The scheduled MRE is progressing well and is on schedule with an expected delivery second part of October 2026. Other technical studies to support a mining lease application in early 2027 are ongoing and on schedule.
In December 2025, the company published 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) gold at its Ned’s Creek gold project across the three main prospects: Gidgee Flat, Contessa and Central Park.
The exploration target has been tested with RC Drilling comprising 12,417m, drilled from 106 RC drill holes. All results for samples submitted for assaying have been received, including resamples and QAQC re-assays. The current results indicate that the project is tracking within the Exploration Target range.
Lodestar also plans to test for additional mineralisation beyond the current exploration target, with this work to proceed concurrently.
“The completion of the 12,417m drilling program and receipt of the final assay results mark an important milestone for the Ned’s Creek gold project,” CEO and executive director, Coraline Blaud, said.
“The program has delivered the geological and assay data needed to finalise our maiden Mineral Resource Estimate, while the more than 6,000 assays received have strengthened our understanding of the broader mineralised system at Ned’s Creek. With drilling and assays complete, our focus is now on finalising and delivering the maiden MRE.
“In parallel with the MRE, we are completing the work needed to advance our development pathway for Ned’s Creek. We are progressing a Mining Lease application and have engaged specialist contractors to undertake the supporting technical and environmental studies. I would like to thank the Lodestar team and our contractors for their work on the drilling program and their continued contribution as we finalise the resource estimate and prepare to enter the next phase at Ned’s Creek.”
Geological modelling has confirmed the overall shear control of mineralisation and highlights the potential to extend all prospects at depth. Within the north – northwest-dipping shear zone at Gidgee Flats Prospect, the influence of moderately dipping vein and alteration zones within the fresh rock is considered significant.
As the interpretation of re-sample results continues there is potential to highlight discrete zones of mineralisation within the overall shear zone. As these are modelled, the target is to identify the plunge within each fresh lode, within the overall shear zone. The plunge will be important for targeting mineralisation extension at depth with future drilling.
LSR is up by 6.25% to $0.9c. Mkt cap $11.91M
Join the discussion: See what HotCopper users are saying about Lodestar Minerals now and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.