• Confirmed surface expressions of Xenotime-bearing rare earth element mineralisation
• Geological characteristics similar to the Music Valley REE Project in California
• Xenotime is a rare-earth phosphate mineral that hosts heavy rare earth elements

Lodestar Minerals Limited (ASX: LSR) has announced the completion of field activities at the Virgin Mountain HREE Project in the USA, and most materially, confirmed the continuity of the surface expressions of Xenotime-bearing rare earth element mineralisation. This is a significant milestone for the project, as Xenotime is a rare-earth phosphate mineral that preferentially hosts heavy rare earth elements, commonly containing elevated proportions of yttrium, dysprosium, terbium, erbium, ytterbium and lutetium - typically commanding higher prices due to the constrained global supply of such rare earth elements. The geological characteristics of the mineralisation at Virgin Mountain are similar to the mineral system observed at the Music Valley REE Project in California, which is owned by Dateline Resources Limited (ASX: DTR) and has a market cap of $1 billion. Based on the field observations, Lodestar plans to progress to a high-resolution airborne radiometric and magnetic survey over the project area to accelerate target definition across the 5km structural corridor and develop drill-ready targets.

Lodestar's USA exploration team has successfully confirmed the continuity of the metasomatic-style trend hosting heavy rare earth mineralisation at the Virgin Mountain Project. The Project continues to demonstrate strong exploration potential, and the company looks forward to advancing into the next phase of work, including a high-resolution airborne radiometric and magnetic survey to delineate the full extent of the mineralised shear system and develop drill-ready targets.