Expanded Land Position to Secure High-Grade HREE Trend, USA

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Stock Lodestar Minerals Ltd (LSR.ASX)
Release Time 16 Jul 2026, 8:20 a.m.
Price Sensitive Yes
 Lodestar Minerals Expands Land Position in USA
Key Points
  • Lodestar expands landholding by ~40% to 661 acres in Virgin Mountain, USA
  • High-grade HREE rock chip assays up to 14.68% TREO
  • Planned radiometric and magnetic survey to define drill targets
Full Summary

Lodestar Minerals Limited has expanded its land position at the Virgin Mountain Heavy Rare Earth Project in Arizona, USA, by staking an additional 186 acres, increasing its total landholding to 661 acres. The expansion secures the mapped heavy rare earth element (HREE) structural corridor. Recent rock chip assays returned high-grade results, including 14.68% Total Rare Earth Oxide (TREO) with 59% Heavy Rare Earth Oxide (HREO). The company plans to conduct a high-resolution radiometric and magnetic survey to improve understanding of the structural architecture and define drill targets for an upcoming drilling campaign.