# Lodestar lays gold growth foundation with 221,000oz Ned’s Creek resource Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lodestar-lays-gold-growth-foundation-with-221-000oz-ned-s-creek-resource--d7894e7e-7908-49e4-ac7b-a516a5183988 Original source: https://stockhead.com.au/resources/lodestar-lays-gold-growth-foundation-with-221000oz-neds-creek-resource/ Publisher: stockhead Original announcement: 2026-10-21T23:20:56.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-22T01:03:24.708Z Atlas analysis updated: 2026-10-22T01:03:24.708Z - Company: Lodestar Minerals - Ticker: LSR - Exchange: Unavailable - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-10-22 01:03:25 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Lodestar Minerals has announced a maiden JORC-compliant inferred gold resource of 5.9 million tonnes at 1.16 g/t gold \(221,000 oz\) at the Ned's Creek project in Western Australia. The resource is comprised of three deposits \(Gidgee Flat, Contessa, and Central Park\) and remains open along strike and at depth, supporting a significant conceptual exploration target. Reasoning: The announcement of a maiden JORC-compliant resource is a major de-risking milestone for an explorer, though the lack of Indicated/Measured material limits immediate economic certainty. - Positive factor: Maiden JORC-compliant resource established - Positive factor: Mineralisation remains open along strike and at depth - Positive factor: Proximity to existing processing infrastructure \(Plutonic\) - Positive factor: Significant conceptual exploration target identified - Negative factor: 100% Inferred resource category Facts used in scoring: 2 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The company has established its first formal JORC-compliant resource at Ned's Creek. Evidence · text > Ned’s Creek delivers maiden JORC-compliant 221,000 ounce inferred gold resource **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The entire reported resource is in the inferred category. Evidence · text > unveiled a JORC-compliant inferred mineral resource estimate \(MRE\) **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The resource estimate is explicitly stated to be JORC-compliant. Evidence · text > unveiled a JORC-compliant inferred mineral resource estimate ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lodestar-lays-gold-growth-foundation-with-221-000oz-ned-s-creek-resource--d7894e7e-7908-49e4-ac7b-a516a5183988#fact-resource-facts-0) Ned's Creek · gold #### Identity - Project: Ned's Creek - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6efd1c965dfc2fc28173 - Deposit or zone: Ned's Creek - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 5900000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 221000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Maiden resource establishment is a key milestone, though confidence is limited to the inferred category. - Positive factor: Maiden resource - Positive factor: Open along strike and depth - Negative factor: All inferred Evidence · text > unveiled a JORC-compliant inferred mineral resource estimate \(MRE\) of 5.9 million tonnes at 1.16g/t gold for 221,000oz, using a 0.5g/t cut-off #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lodestar-lays-gold-growth-foundation-with-221-000oz-ned-s-creek-resource--d7894e7e-7908-49e4-ac7b-a516a5183988#fact-resource-facts-1) Ned's Creek · gold #### Identity - Project: Ned's Creek - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:54cff4056b11d21619d6 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 2760000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 103000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Sub-component of the total resource representing the oxide/transitional portion. - Positive factor: High portion of oxide and transitional material Evidence · text > accounting for about 103,000oz within 2.76Mt at 1.17g/t, representing roughly 47% of reported ounces #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.