Lachlan Star Limited has reported promising extensions of shallow gold mineralisation at its Killaloe Project in Western Australia and completed maiden drilling at its North Cobar Copper-Gold Project in New South Wales, supported by government co-funding and heritage clearances.
- Broad, shallow gold system extended at Killaloe with encouraging drill results
- Maiden drilling at North Cobar confirms hydrothermal alteration and sulphide mineralisation
- Heritage clearance surveys enable follow-up drilling at Duke East and Duchess prospects
- Awarded up to $118,000 in co-funded drilling support under WA Government’s Exploration Incentive Scheme
- Raised $330,000 in placement tranche; ended quarter with $1.34 million cash reserves
Killaloe Project – Expanding the Gold Footprint
Lachlan Star Limited has made significant strides in its exploration efforts during the December 2025 quarter, focusing on the Killaloe Gold Project located within the highly prospective Norseman-Wiluna Greenstone Belt in Western Australia. The company’s drilling program at the Duke Main prospect has successfully extended the known shallow gold mineralisation down-dip, with notable intercepts such as 13 metres at 0.52 grams per tonne gold from 25 metres and 19 metres at 0.24 grams per tonne from 41 metres. These results build on earlier high-grade hits, including 24 metres at 2.15 grams per tonne and 9 metres at 2.11 grams per tonne, confirming a broad and continuous gold system that remains open along strike and at depth.
Importantly, Lachlan Star has completed heritage clearance surveys that now allow access to two additional key structural corridors at Duke East and Duchess prospects. These areas have yielded promising previous drill results, including intercepts up to 48 metres at 0.3 grams per tonne and high-grade zones such as 6 metres at 2.33 grams per tonne. The company plans to prioritise follow-up drilling in these corridors to test extensions of the mineralised zones.
Government Support and Strategic Drilling
The Western Australian Government’s Exploration Incentive Scheme has awarded Lachlan Star up to $118,000 in co-funded drilling support, which will underpin the company’s upcoming diamond drilling program at Killaloe. This next phase aims to test depth extensions and improve geological understanding of the structural controls on gold mineralisation. Given that the Killaloe project remains significantly under-explored, with multiple priority zones delineated over several kilometres, this funding and expanded access position the company well for an active exploration season ahead.
North Cobar Project – Maiden Drilling Unveils Hydrothermal System
In New South Wales, Lachlan Star completed its maiden drilling program at the Percival Prospect within the North Cobar Copper-Gold Project. Situated near Harmony Gold’s CSA Copper-Gold Mine, the drilling targeted a coincident gravity, magnetic, and induced polarisation anomaly indicative of a concealed mineralised system. The program intersected a folded sedimentary sequence affected by pervasive hydrothermal alteration, including chlorite-silica-sulphide assemblages and trace base metal sulphides such as lead, zinc, and copper.
These geological observations align with characteristics of distal-to-intermediate zones in known Cobar-type systems, suggesting the drilling has intersected the outer parts of a potentially significant mineralised hydrothermal system. The anomaly remains open along strike, and the company is reviewing assay results and geophysical data to refine targeting for future drilling aimed at locating the system’s core.
Corporate and Financial Position
On the corporate front, Lachlan Star completed the second tranche of a placement raising $330,000, contributing to a total of $2.16 million raised before costs. The company also issued 2.7 million unlisted options to employees and appointed new joint company secretaries, signalling ongoing governance strengthening. At quarter’s end, Lachlan Star held cash reserves of $1.34 million, with exploration expenditure of $698,000 and administrative costs of $109,000 during the period.
With encouraging exploration results, government funding support, and a solid financial footing, Lachlan Star is well positioned to advance its projects. The upcoming drilling campaigns at Killaloe and North Cobar will be critical in defining the scale and quality of mineralisation, potentially unlocking significant value for shareholders.
Bottom Line?
Lachlan Star’s exploration momentum at Killaloe and North Cobar sets the stage for a pivotal drilling season that could redefine its resource potential.
Questions in the middle?
- How will upcoming diamond drilling at Killaloe refine the understanding of gold mineralisation at depth?
- What do final assay results from North Cobar reveal about the potential size and grade of the copper-gold system?
- Can Lachlan Star secure additional funding to sustain and expand its exploration programs beyond the current cash reserves?