Lodestar Minerals prepares for maiden resource at Ned’s Creek with final gold assays in hand
Original announcement by stockhead on
- Company
- Lodestar Minerals
- Ticker
- LSR
- Exchange
- Unavailable
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Other
- Extracted
- 2026-10-05 01:02:06 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lodestar Minerals has completed its 12,417m reverse circulation drilling program at the Ned's Creek gold project in Western Australia. The company expects to publish its maiden mineral resource estimate in the second half of October 2026, supported by several high-grade intercepts.
Reasoning: The announcement reports final assay results from a completed drill campaign that is directly supporting an upcoming maiden resource estimate.
Positive factors
- completion of 12,417m RC drilling program
- high-grade intercepts reported
- maiden resource estimate imminent
Facts used in scoring: 7
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions resamples and quality-control re-assays.
Evidence · text
“including resamples and quality-control re-assays”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
Fact 1Ned's Creek · goldGrade: 2.33Grade Unit: g/tIntercept: 11 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 2.33
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 20 m
- To
- 31 m
- Intercept Depth
- 20 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:20-31
Location
- Location
- Gidgee Flats
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 11m at 2.33 g/t gold is a solid intercept for the Gidgee Flats area.
Positive factors
- solid grade for shallow intercept
Evidence · text
“11m at 2.33g/t gold from just 20m at Gidgee Flats in WA”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 2Ned's Creek · goldGrade: 4.69Grade Unit: g/tIntercept: 7 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 4.69
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 214 m
- To
- 221 m
- Intercept Depth
- 214 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:214-221
Location
- Location
- south of the prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 7m at 4.69 g/t gold is a strong intercept.
Positive factors
- strong grade
Evidence · text
“7m at 4.69g/t gold from 214m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 3Ned's Creek · goldGrade: 15.29Grade Unit: g/tIntercept: 2 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 15.29
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 219 m
- To
- 221 m
- Intercept Depth
- 219 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:219-221
Location
- Location
- south of the prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 15.29 g/t gold is a high-grade intercept.
Positive factors
- bonanza grade
Evidence · text
“2m at 15.29g/t from 219m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 4Ned's Creek · goldGrade: 1.76Grade Unit: g/tIntercept: 11 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 1.76
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 111 m
- To
- 122 m
- Intercept Depth
- 111 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:111-122
Location
- Location
- south of the prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 11m at 1.76 g/t gold is a moderate intercept.
Evidence · text
“11m at 1.76g/t gold from 111m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 5Ned's Creek · goldGrade: 3.53Grade Unit: g/tIntercept: 5 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 3.53
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 113 m
- To
- 118 m
- Intercept Depth
- 113 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:113-118
Location
- Location
- south of the prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 5m at 3.53 g/t gold is a decent sub-interval.
Positive factors
- higher grade sub-interval
Evidence · text
“including 5m at 3.53g/t from 113m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 6Ned's Creek · goldGrade: 1.57Grade Unit: g/tIntercept: 26 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 1.57
- Grade Unit
- g/t
- Intercept
- 26 m
- From
- 51 m
- To
- 77 m
- Intercept Depth
- 51 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:51-77
Location
- Location
- Central Park
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 26m at 1.57 g/t gold is a wide, moderate-grade intercept.
Positive factors
- significant width
Evidence · text
“26m at 1.57g/t gold from 51m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 7Ned's Creek · goldGrade: 5.08Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Ned's Creek
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- LSR
Geometry
- Grade
- 5.08
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 69 m
- To
- 72 m
- Intercept Depth
- 69 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- Ned's_Creek:69-72
Location
- Location
- Central Park
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: 3m at 5.08 g/t gold is a high-grade sub-interval.
Positive factors
- higher grade sub-interval
Evidence · text
“including 3m at 5.08g/t from 69m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
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.