Nine Resolutions on Lodestar’s Proxy Form for August 21 Meeting

Correction to Proxy Form

Lodestar Minerals Limited (ASX, LSR) has released a replacement proxy form following the discovery of an omission in the proxy form attached to its Notice of Meeting issued on 24 July 2025. The original proxy form failed to include one of the resolutions that shareholders are required to vote on at the upcoming General Meeting.

Ensuring Shareholder Participation

The replacement proxy form now includes all nine resolutions, which primarily relate to the ratification and approval of various share and option issuances. These include multiple tranches of shares and options, broker options and shares, and placement securities involving key individuals. The General Meeting is scheduled for 21 August 2025 at Lodestar’s Fremantle office.

Importantly, shareholders who have opted to receive physical communications from the company can still use their original proxy forms, as the personalised details on those forms remain accurate despite the omission. Lodestar has provided clear instructions on how to complete and return the proxy forms, emphasizing the importance of lodging them at least 48 hours before the meeting.

Implications for Capital Structure

The resolutions on the agenda signal potential changes to Lodestar’s capital structure through the issuance of new shares and options. While the announcement does not disclose the financial terms or strategic rationale behind these issuances, the approval of these resolutions could have a material impact on shareholder dilution and future funding capacity.

Proxy voting will be critical, with the Chair of the meeting indicating an intention to vote undirected proxies in favor of all resolutions. This suggests management’s strong support for the proposed capital raising and incentive arrangements.

Looking Ahead

Shareholders and market watchers will be closely monitoring the outcome of the General Meeting, as it will provide insight into Lodestar’s near-term funding strategy and governance. The company’s swift correction of the proxy form omission reflects a commitment to transparency and regulatory compliance, which is reassuring in the lead-up to potentially significant capital changes.