Lachlan Star Limited (ASX:LSA) Announces High-Grade Copper Discovery
Emerging Discovery
Lachlan Star Limited (ASX:LSA) confirmed high-grade copper sulphide mineralisation at Basin Creek, NSW, with a semi-massive chalcopyrite intercept of 3.5m @ 6.6% Cu from 192.2m in BCD0005 as of January 2025. All six holes in the maiden diamond program intersected copper mineralisation, including high-grade intercepts.
Investment Highlights
The Basin Creek mineral system exhibits over 1km of untested strike, offering substantial scale potential. Lachlan Star holds a premier exploration portfolio in top-tier mining districts, underpinned by disciplined capital management and a focus on active exploration across Basin Creek, North Cobar, and Killaloe projects.
Capital Structure
As of February 2025, LSA trades at $0.055 with shares totaling 252,573,195 and options at 6,000,000, leading to a market capitalisation of $13.89M. The company holds $3.5M in cash as of December 31, 2024. Major shareholders include DevEx Resources Ltd with 29.96%, top 20 holders at 55.37%, directors at 5.10%, and Tim Goyder holding 6.15%.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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