Lodestar Minerals (ASX: $LSR) announcement overview

Lodestar Minerals Limited (ASX: $LSR) is pleased to announce the grant of E15/2013, a 59sq km tenement prospective for gold (Au), nickel (Ni), and lithium (Li), located 7km west of Coolgardie in the Eastern Goldfields region of Western Australia. The company has identified two large gold anomalies through geochemical soil sampling and plans to commence infill soil sampling immediately to better define the anomalies prior to delineating first pass drill targets. Aircore drilling targeting these gold anomalies is expected to commence in 2Q 2024.

Management Commentary on Coolgardie West Fieldwork

Lodestar Managing Director Ed Turner commented, 'The grant of this gold prospective tenement arrives at the right time given the continued rise in the gold price and worldwide interest in gold projects. Considering the location near Coolgardie, we will be able to advance the project exploration programmes rapidly in parallel with testing the new anomalous target areas at our Earaheedy Project. After a slow start to the year, following a significant delay due to rains, field work has recently recommenced at Earaheedy, and we look forward to informing the market of our progress as we advance towards new discoveries.'

Summary of Coolgardie West Fieldwork announcement

Lodestar Minerals (ASX: $LSR) has been granted the E15/2013 tenement, which is prospective for gold, nickel, and lithium exploration near Coolgardie. The company has identified two large gold anomalies through geochemical soil sampling and plans to commence infill soil sampling immediately to better define the anomalies prior to delineating first pass drill targets. Aircore drilling targeting these gold anomalies is expected to commence in 2Q 2024. The grant of this tenement is strategically timed with the rise in the gold price and worldwide interest in gold projects. Lodestar's management is optimistic about the rapid advancement of the project exploration programmes and looks forward to informing the market of their progress as they advance towards new discoveries at the Earaheedy Project.