InvestSMART

Lodestar Minerals Limited (ASX:LSR)

ALERT: Price-sensitive ASX Announcement for LSR
Current share price for LSR : $0.010 -0.002 (-16.67%)+
Announcement
Release
12 Mar 2026 8:25AM
Price at Release
$0.012
Full Release
download
Summary
Lodestar Minerals Limited announced the discovery of visible copper mineralisation in their maiden diamond drill hole L3SRD003 at the Three Saints Copper Project in the Coastal Cordillera of Chile. The hole drilled to 600 meters depth intersected chalcopyrite and magnetite over multiple intervals. This maiden drill hole was designed to test an undercover geophysical anomaly. The mineralisation shows characteristics consistent with an IOCG-style system, similar to deposits in the region like the Candelaria Mine. The drill core is being transported to La Serena for detailed logging, with assays expected in Q2 2026. A second diamond drill hole is planned to further explore the mineralised system.
Key Points
  • Visible copper mineralisation observed in maiden drill hole L3SRD003 at Three Saints Copper Project
  • Chalcopyrite and magnetite intersected over multiple intervals
  • The drill hole tests an undercover geophysical anomaly in Chile
  • Mineralisation consistent with IOCG-style deposits
  • Drill core being transported for detailed logging and assay
  • Assays expected in Q2 2026
  • A second diamond drill hole planned
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.