# LSA: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154626 Publisher: asx Original announcement: 2026-10-20T03:26:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T04:10:09.941Z Atlas analysis updated: 2026-10-20T04:10:09.941Z - Company: Lachlan Star Limited - Ticker: LSA - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Other - Extracted: 2026-10-20 04:10:10 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Lachlan Star completed a 55-hole RC drilling program at the New Waverley Gold Project, confirming and extending high-grade gold mineralisation at Waverley Pit. The results include several high-grade intercepts and are supported by new regional soil and magnetic data indicating camp-scale potential. Reasoning: The drilling results confirm and extend a significant high-grade gold discovery at Waverley Pit with multiple high-grade intercepts and expanded exploration footprint via geochemistry/geophysics. - Positive factor: High-grade gold intercepts confirmed at New Waverley - Positive factor: Mineralisation extended down-plunge - Positive factor: Broad, shallow high-grade zones identified - Positive factor: New regional soil and magnetic anomalies suggest camp-scale potential Facts used in scoring: 10 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling extended the known mineralisation further down-plunge at Waverley Pit. Evidence · text > extending the known mineralisation further down-plunge **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions 1-metre PhotonAssay results and refers to previous competent person statements. Evidence · text > Final intercepts are reported below using 1-metre PhotonAssay results where available. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### NWRC052 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-0) New Waverley · gold #### Identity - Hole ID: NWRC052 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 4 - Grade Unit: g/t - Intercept: 13 m - From: 46 m - To: 59 m - Intercept Depth: 46 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC052:46-59 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: 13m @ 4.0g/t Au is a strong intercept for the project. - Positive factor: High grade intercept Evidence · text > 13m @ 4.0g/t Au from 46m, incl. 3m @ 15.2g/t Au \(NWRC052\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC052 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-1) New Waverley · gold #### Identity - Hole ID: NWRC052 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 15.2 - Grade Unit: g/t - Intercept: 3 m - From: 52 m - To: 55 m - Intercept Depth: 46 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC052:52-55 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade sub-interval within the main intercept. - Positive factor: Bonanza grade intercept Evidence · text > 3m @ 15.2g/t Au from 52m \(NWRC052\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-2) New Waverley · gold #### Identity - Hole ID: NWRC051 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 6.61 - Grade Unit: g/t - Intercept: 7 m - From: 46 m - To: 53 m - Intercept Depth: 46 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC051:46-53 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Strong grade and width. - Positive factor: High grade intercept Evidence · text > 7m @ 6.61g/t Au from 46m, incl. 2m @ 21.0g/t Au \(NWRC051\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-3) New Waverley · gold #### Identity - Hole ID: NWRC051 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 21 - Grade Unit: g/t - Intercept: 2 m - From: 46 m - To: 48 m - Intercept Depth: 46 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC051:46-48 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Very high grade sub-interval. - Positive factor: Bonanza grade intercept Evidence · text > 2m @ 21.0g/t Au from 46m \(NWRC051\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC048 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-4) New Waverley · gold #### Identity - Hole ID: NWRC048 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 3.14 - Grade Unit: g/t - Intercept: 13 m - From: 50 m - To: 63 m - Intercept Depth: 50 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC048:50-63 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Solid intercept with high-grade internal zone. - Positive factor: Good width Evidence · text > 13m @ 3.14g/t Au from 50m, incl. 3m @ 11.1g/t Au \(NWRC048\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC048 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-5) New Waverley · gold #### Identity - Hole ID: NWRC048 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 11.1 - Grade Unit: g/t - Intercept: 3 m - From: 55 m - To: 58 m - Intercept Depth: 50 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC048:55-58 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade internal zone. - Positive factor: High grade sub-interval Evidence · text > 3m @ 11.1g/t Au from 55m \(NWRC048\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC050 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-6) New Waverley · gold #### Identity - Hole ID: NWRC050 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 4.42 - Grade Unit: g/t - Intercept: 8 m - From: 46 m - To: 54 m - Intercept Depth: 46 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC050:46-54 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Solid intercept. - Positive factor: Good width Evidence · text > 8m @ 4.42g/t Au from 46m, incl. 5m @ 7.0g/t Au \(NWRC050\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC050 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-7) New Waverley · gold #### Identity - Hole ID: NWRC050 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 7 - Grade Unit: g/t - Intercept: 5 m - From: 49 m - To: 54 m - Intercept Depth: 46 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC050:49-54 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade internal zone. - Positive factor: High grade sub-interval Evidence · text > 5m @ 7.0g/t Au from 49m \(NWRC050\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC080 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-8) New Waverley · gold #### Identity - Hole ID: NWRC080 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 4.01 - Grade Unit: g/t - Intercept: 12 m - From: 48 m - To: 60 m - Intercept Depth: 48 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC080:48-60 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Solid composite intercept. - Positive factor: Good width Evidence · text > 12m @ 4.01g/t Au from 48m, incl. 8m @ 5.77g/t Au from 52m \(NWRC080\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ### NWRC080 [Link to this fact](https://atlas-staging.minestarters.com/news/lsa-quarterly-activities-appendix-5b-cash-flow-report--5e9fe223-5faf-46a9-9ae5-b96f9cd454bd#fact-drill-facts-9) New Waverley · gold #### Identity - Hole ID: NWRC080 - Project: New Waverley - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LSA #### Geometry - Grade: 5.77 - Grade Unit: g/t - Intercept: 8 m - From: 52 m - To: 60 m - Intercept Depth: 48 m #### Classification - Program: resource - Sample Type: drill - Group ID: NWRC080:52-60 - Mining Method: open\_pit #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade internal zone. - Positive factor: High grade sub-interval Evidence · text > 8m @ 5.77g/t Au from 52m \(NWRC080\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For personal use only 8 KILLALOE PROJECT \(80-100% LSA\) The Killaloe Gold Project is located adjacent to New Waverley and" ## 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.