LSR.ASX: Acquisition of Pacifico Cu-Mo-Au Porphyry Project in Chile

Acquisition of Pacifico Cu-Mo-Au Porphyry Project in Chile

Stock	Lodestar Minerals Ltd (LSR.ASX)
Release Time	20 Aug 2026, 8:41 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Lodestar Minerals Acquires Pacifico Cu-Mo-Au Project in Chile

Key Points

Acquisition of five exploration tenements and three exploration licence applications
Initial cash payment of USD $30,000
Approximately six km prospective porphyry corridor with over 8,000m of historical drilling
Maiden drilling program targeted for Q2 CY2027
Strategic fit with Lodestar's Chilean copper portfolio

Full Summary

Lodestar Minerals Limited has entered into an Option Agreement with Minera Bornita SpA over five exploration tenements forming the Pacifico Cu-Mo-Au Porphyry Project in Chile's Atacama Region. The acquisition includes an initial cash payment of USD $30,000, with additional payments over five years. The project covers approximately 22 km2, with historical drilling totaling over 8,000m. The central target area remains underexplored, presenting new opportunities. Lodestar plans to re-interpret historical data, conduct surface mapping, and initiate a drilling program in Q2 CY2027. The acquisition aligns with Lodestar's strategy to expand its Chilean copper portfolio.

Guidance

Maiden drilling program targeted for Q2 CY2027

Outlook

Lodestar plans to systematically evaluate the Pacifico Project through integrated geology, geochemistry, and geophysics, aiming to define high-priority targets for future exploration.