Lodestar Minerals Earaheedy Tenement Grant

Lodestar Minerals (ASX:LSR) has announced the granting of tenement E69/3532 at the Earaheedy Project after a seven-year wait. This grant allows Lodestar to begin soil sampling in areas identified with volcanic rocks, marking a significant step in their exploration activities.

Lodestar Minerals' Exploration Update and Future Plans

Lodestar Minerals has received the long-awaited grant for tenement E69/3532 at the Earaheedy Project, enabling them to proceed with a soil sampling program in the northwestern section of the tenement. This area is deemed promising due to the presence of volcanic rocks associated with large-scale crustal faults. Despite recent drilling at the Ned's Creek Project not revealing significant gold mineralization, Lodestar remains committed to understanding the geological complexities and plans further exploration. The company continues to explore its tenements in Western Australia while maintaining a strategic interest in lithium projects, highlighting its dedication to enhancing its mineral exploration endeavors.

Executive Commentary on Earaheedy and Ned's Creek Projects

The Earaheedy tenement is considered highly prospective for base metal and gold mineralization. The identification of mafic and ultramafic rocks that have not been previously recognized within the Proterozoic sedimentary package enhances the potential for mineral discovery. At Ned's Creek, despite the recent drilling not yielding significant gold mineralization, we will review the geological interpretation to understand the role of quartz veining in mineralization.