# LSR: Lodestar Delivers Significant Resource at Ned's Creek Gold Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155607 Publisher: asx Original announcement: 2026-10-21T22:24:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T23:14:02.616Z Atlas analysis updated: 2026-10-21T23:14:02.616Z - Company: Lodestar Minerals Limited - Ticker: LSR - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Metallurgy - Extracted: 2026-10-21 23:14:03 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Lodestar Minerals has announced a maiden Inferred Mineral Resource Estimate for its Ned’s Creek Gold Project in Western Australia, totaling 5.9 million tonnes at 1.16 g/t Au for 221,000 ounces of gold. The resource is entirely classified as Inferred, indicating early-stage confidence, but remains open along strike and at depth with plans for further drilling. Historical metallurgical testwork on limited samples showed encouraging gold recoveries of over 90% via cyanide leaching. Reasoning: Lodestar Minerals announced a maiden Inferred Mineral Resource Estimate for its Ned’s Creek Gold Project, establishing a resource base in a prime gold-producing region. While the resource is entirely Inferred and relies on assumed bulk densities, it is JORC compliant and QP signed, with encouraging historical metallurgy and significant upside potential along strike and at depth. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Open at strike and depth - Positive factor: Good historical metallurgy - Positive factor: Located in established gold-producing region with nearby infrastructure - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities - Negative factor: Limited and historical metallurgical testwork - Negative factor: No multi-element analysis for resource Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 24 ## 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 announcement explicitly states 'Maiden Mineral Resource Estimate \(MRE\)'. Evidence · text > Maiden Mineral Resource Estimate \(MRE\) **All Inferred** Polarity: negative Definition: 100% of resource is Inferred category — very early stage, no engineering confidence. Why it applies: The resource is classified entirely as Inferred, indicating a low level of geological confidence. Evidence · text > classified entirely as Inferred under the JORC Code \(2012 Edition\). **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Resource Estimate is based on information compiled and assessed by Mr Allan Ignacio, a Member of the Australian Institute of Mining and Metallurgy \(MAusIMM\) and the Australian Institute of Geoscientists \(MAIG\). Evidence · text > The information in this announcement that relates to the Mineral Resource Estimate for the Ned’s Creek Gold Project is based on information compiled and assessed by Mr Allan Ignacio, a Member of the Australian Institute of Mining and Metallurgy \(MAusIMM, Membership No. 229530\) and the Australian Institute of Geoscientists \(MAIG, Membership No. 6431\). **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The resource estimate is reported in accordance with the JORC Code \(2012 Edition\). Evidence · text > reported under the JORC Code \(2012 Edition\). **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource is reported at a cut-off grade \(COG\) of 0.5 g/t Au. Evidence · text > reported at a cut-off grade \(COG\) of 0.5 g/t Au **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: Metallurgical testwork was described as 'Laboratory-scale cyanide leach tests'. Evidence · text > Laboratory-scale cyanide leach tests achieved gold extractions of approximately 90.9% and 92.4%, respectively, over 48 hours. **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: Metallurgical testwork was based on a 'limited number of samples and should not be considered representative of the entire Mineral Resource'. Evidence · text > However, the results are based on a limited number of samples and should not be considered representative of the entire Mineral Resource. **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Historical metallurgical testwork showed gold extractions of approximately 90.9% and 92.4%, which is high for gold cyanide leaching. Evidence · text > gold extractions of approximately 90.9% and 92.4% **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The document mentions 'conventional cyanide leaching processes'. Evidence · text > amenable to conventional cyanide leaching processes **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: The document mentions 'Additional gravity concentration followed by cyanide leaching'. Evidence · text > Additional gravity concentration followed by cyanide leaching ## Extracted facts Stored fact records: 24. Some facts used in scoring do not have a stored record. ## Resource Estimates (20) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-0) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:b268868d3a05d8225b3a - Deposit or zone: Ned’s Creek Gold Project - Mining method: open\_pit - Material type: mixed - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 5903000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 221000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This is the maiden Inferred Mineral Resource Estimate for the entire project, establishing a baseline for future development, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Open at strike and depth - Positive factor: Located in established gold-producing region with nearby infrastructure - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities - Negative factor: No multi-element analysis for resource Evidence · table > 1.16 Context: 5,903,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-1) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:a72deb2b75904accc33a - Deposit or zone: Ned’s Creek Gold Project - Mining method: open\_pit - Material type: Oxides - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1550000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 58000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This represents the oxide component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Amenable to open-pit mining - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.16 Context: 1,550,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-2) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:5790e3ff777dc64fdc0b - Deposit or zone: Ned’s Creek Gold Project - Mining method: open\_pit - Material type: transitional - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1211000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 46000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This represents the transitional component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Amenable to open-pit mining - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.17 Context: 1,211,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-3) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:62843eddff4fcc25422a - Deposit or zone: Ned’s Creek Gold Project - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2761000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 103000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This represents the combined oxide and transitional component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Amenable to open-pit mining - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.17 Context: 2,761,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-4) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:8fa07d5c208655198930 - Deposit or zone: Ned’s Creek Gold Project - Mining method: open\_pit - Material type: fresh - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3142000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 117000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: This represents the fresh material component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Amenable to open-pit mining - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.16 Context: 3,142,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-5) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:073c19a3d138187fb9d8 - Deposit or zone: Contessa - Mining method: open\_pit - Material type: mixed - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1921000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 69000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The Contessa deposit contributes significantly to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.12 Context: 1,921,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-6) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:b5bc413d7b3f4836d0a3 - Deposit or zone: Contessa - Mining method: open\_pit - Material type: Oxides - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 506000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 19000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The oxide component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.15 Context: 506,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-7) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:c003341b7f207252fefb - Deposit or zone: Contessa - Mining method: open\_pit - Material type: transitional - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 456000 - Grade: 1.56 - Grade Unit: g/t - Contained Metal: 23000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The transitional component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.56 Context: 456,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-8) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:1039d839ccecf26d3ed1 - Deposit or zone: Contessa - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 962000 - Grade: 1.35 - Grade Unit: g/t - Contained Metal: 42000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The combined oxide and transitional component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.35 Context: 962,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-9) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:dc9b12ab08f25787d2dc - Deposit or zone: Contessa - Mining method: open\_pit - Material type: fresh - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 960000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 28000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The fresh material component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 0.90 Context: 960,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-10) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:d19631107c716539ed63 - Deposit or zone: Central Park - Mining method: open\_pit - Material type: mixed - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 711000 - Grade: 1.14 - Grade Unit: g/t - Contained Metal: 26000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.14 Context: 711,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-11) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:2551e15edd54d50fb74a - Deposit or zone: Central Park - Mining method: open\_pit - Material type: Oxides - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 629000 - Grade: 1.18 - Grade Unit: g/t - Contained Metal: 24000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The oxide component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.18 Context: 629,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-12) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:082351d85d41c6847baf - Deposit or zone: Central Park - Mining method: open\_pit - Material type: transitional - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 43000 - Grade: 1.14 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The transitional component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.14 Context: 43,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-13) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:1fc84be234b0bbc32e51 - Deposit or zone: Central Park - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 672000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 25000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The combined oxide and transitional component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.17 Context: 672,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-14) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:6c01c4716c05f2db601b - Deposit or zone: Central Park - Mining method: open\_pit - Material type: fresh - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 38000 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The fresh material component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 0.61 Context: 38,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-15) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:18a37c0994516d03fa64 - Deposit or zone: Gidgee Flat - Mining method: open\_pit - Material type: mixed - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3270000 - Grade: 1.19 - Grade Unit: g/t - Contained Metal: 125000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The Gidgee Flat deposit is the largest contributor to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.19 Context: 3,270,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-16) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:cb83d2b1168fa5e7b06f - Deposit or zone: Gidgee Flat - Mining method: open\_pit - Material type: Oxides - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 415000 - Grade: 1.14 - Grade Unit: g/t - Contained Metal: 15000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The oxide component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.14 Context: 415,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-17) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:21ab679fa013bdd72064 - Deposit or zone: Gidgee Flat - Mining method: open\_pit - Material type: transitional - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 712000 - Grade: 0.93 - Grade Unit: g/t - Contained Metal: 21000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The transitional component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 0.93 Context: 712,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-18) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:62ae6a21b7628f766b52 - Deposit or zone: Gidgee Flat - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1127000 - Grade: 1.01 - Grade Unit: g/t - Contained Metal: 36000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The combined oxide and transitional component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.01 Context: 1,127,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-resource-facts-19) Ned's Creek Gold Project · gold #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Resource scope - Estimate type: resource - Effective date: 2026-10-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Allan Ignacio - Resource group id: resource:7e65bb0ab11153d64d27 - Deposit or zone: Gidgee Flat - Mining method: open\_pit - Material type: fresh - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2144000 - Grade: 1.29 - Grade Unit: g/t - Contained Metal: 89000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-20 #### Lab - Laboratory: SGS Laboratories and Intertek Laboratories #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: The fresh material component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence. - Positive factor: Maiden MRE - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Entirely Inferred resource - Negative factor: Assumed bulk densities Evidence · table > 1.29 Context: 2,144,000 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## Metallurgical Results (4) ### cyanide leach [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-metallurgical-facts-20) Ned's Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Test Work - Program Status: preliminary - Test Type: cyanide leach - Processing Route: cyanide leaching - Sample: two samples from the Gidgee Flat prospect \(LNRC033 and LNRC039\) - Leach Time: 48 hours #### Recovery - Recovery: 90.9 % - Recovery Basis: actual\_test #### Lab - Laboratory: Bureau Veritas Minerals #### Location - Loc. Confidence: medium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical laboratory-scale cyanide leach tests on Gidgee Flat samples showed high gold recovery, suggesting amenability to conventional processing, but the limited scope and historical nature reduce its current relevance and confidence. - Positive factor: High Recovery - Positive factor: Mill Route - Negative factor: Bench Scale Only - Negative factor: Single Domain Only - Negative factor: Limited and historical metallurgical testwork Evidence · text > Laboratory-scale cyanide leach tests achieved gold extractions of approximately 90.9% and 92.4%, respectively, over 48 hours. ### cyanide leach [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-metallurgical-facts-21) Ned's Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Test Work - Program Status: preliminary - Test Type: cyanide leach - Processing Route: cyanide leaching - Sample: two samples from the Gidgee Flat prospect \(LNRC033 and LNRC039\) - Leach Time: 48 hours #### Recovery - Recovery: 92.4 % - Recovery Basis: actual\_test #### Lab - Laboratory: Bureau Veritas Minerals #### Location - Loc. Confidence: medium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical laboratory-scale cyanide leach tests on Gidgee Flat samples showed high gold recovery, suggesting amenability to conventional processing, but the limited scope and historical nature reduce its current relevance and confidence. - Positive factor: High Recovery - Positive factor: Mill Route - Negative factor: Bench Scale Only - Negative factor: Single Domain Only - Negative factor: Limited and historical metallurgical testwork Evidence · text > Laboratory-scale cyanide leach tests achieved gold extractions of approximately 90.9% and 92.4%, respectively, over 48 hours. ### gravity [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-metallurgical-facts-22) Ned's Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Test Work - Program Status: preliminary - Test Type: gravity - Processing Route: gravity concentration followed by cyanide leaching - Sample: two samples from the Gidgee Flat prospect \(LNRC033 and LNRC039\) #### Recovery - Recovery: 90.9 % - Recovery Basis: actual\_test #### Lab - Laboratory: Bureau Veritas Minerals #### Location - Loc. Confidence: medium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical metallurgical testwork combining gravity concentration and cyanide leaching on Gidgee Flat samples showed high overall gold recovery, but the limited scope and historical nature reduce its current relevance and confidence. - Positive factor: High Recovery - Positive factor: Gravity Route - Positive factor: Mill Route - Negative factor: Bench Scale Only - Negative factor: Single Domain Only - Negative factor: Limited and historical metallurgical testwork Evidence · text > Additional gravity concentration followed by cyanide leaching achieved overall gold extractions of approximately 90.9% and 91.8%, respectively. #### Tags used in scoring **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ### gravity [Link to this fact](https://atlas-staging.minestarters.com/news/lsr-lodestar-delivers-significant-resource-at-ned-s-creek-gold--5356c1f9-84e1-4590-9ae4-03449f536f04#fact-metallurgical-facts-23) Ned's Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ned's Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LSR #### Test Work - Program Status: preliminary - Test Type: gravity - Processing Route: gravity concentration followed by cyanide leaching - Sample: two samples from the Gidgee Flat prospect \(LNRC033 and LNRC039\) #### Recovery - Recovery: 91.8 % - Recovery Basis: actual\_test #### Lab - Laboratory: Bureau Veritas Minerals #### Location - Loc. Confidence: medium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical metallurgical testwork combining gravity concentration and cyanide leaching on Gidgee Flat samples showed high overall gold recovery, but the limited scope and historical nature reduce its current relevance and confidence. - Positive factor: High Recovery - Positive factor: Gravity Route - Positive factor: Mill Route - Negative factor: Bench Scale Only - Negative factor: Single Domain Only - Negative factor: Limited and historical metallurgical testwork Evidence · text > Additional gravity concentration followed by cyanide leaching achieved overall gold extractions of approximately 90.9% and 91.8%, respectively. #### Tags used in scoring **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ## 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.