Latest Lodestar Minerals (ASX:LSR) News

Lodestar Minerals has received all assays from a 12,417-metre, 106-hole RC drilling program at Ned’s Creek, supporting its existing exploration target across three gold prospects. A maiden Mineral Resource Estimate is now expected in the second half of October, although reported widths remain subject to geological interpretation and true-width confirmation.

Rare earths and uranium stocks led a broad resources rally, while gold companies combined record profits with larger reserves and dividends. Yet strong company news did not guarantee a rising share price, with several materials groups falling despite better earnings or project progress.

Lodestar Minerals has taken a strategic step into Chile’s prolific copper belt by acquiring the Pacifico Cu-Mo-Au Porphyry Project, consolidating over 22 square kilometres of tenure with a rich historical drilling record. The company plans maiden drilling in the second quarter of 2027, aiming to unlock potential along a six-kilometre porphyry corridor.

Lodestar Minerals’ latest assays from a 12,000m drilling campaign at Ned’s Creek confirm robust high-grade gold mineralisation, supporting its 250,000-300,000 ounce Exploration Target and setting the stage for a maiden Mineral Resource Estimate later this year.

Wild swings hit the ASX this week, with Janus Electric doubling, Aura sliding almost 30%, and TechGen jumping more than 22%. Big news kept landing, but many stocks still fell as early gains faded and traders locked in profits.

Big project news kept landing across gold, rare earths and battery minerals, but many small-cap share prices still fell hard. The week belonged to a giant gold merger at the top end, while further down the board early excitement often gave way to selling.

Lodestar Minerals has responded to an ASX query over the late filing of director interest notices, attributing the delay to an administrative oversight during an option conversion process. The company has updated its procedures to prevent future lapses.

Lodestar Minerals has expanded its Virgin Mountain project in Arizona by 40%, locking in a 5 km corridor of high-grade heavy rare earth mineralisation highlighted by rock chip assays reaching 14.68% TREO with a 59% heavy rare earth oxide content.

Mining news drove the week, with drilling hits, funding wins and takeover bids pushing several small and mid-cap names sharply higher or lower. The biggest swings came from tin, platinum group metals and copper, while gold M&A in WA stayed at the centre of trading.

Big movers came from drill hits, takeover bids and fresh funding, but several stocks still fell even after good news. That mix says investors are rewarding clear near-term value, while punishing names where timing, cost or delivery still feel uncertain.

Lodestar Minerals’ recent RC drilling at Ned’s Creek delivers strong high-grade gold results that support its 250,000-300,000 oz Exploration Target and reinforce plans for a maiden resource estimate in 2026.

Lodestar Minerals’ latest drilling at Ned’s Creek delivers strong high-grade gold intersections, underpinning its 250,000-300,000 oz Exploration Target and setting the stage for a maiden resource estimate in 2026.