Lachlan Star Limited · ASX:LSA
Lachlan Star — Investor Presentation (March 2026)
15 slides from Lachlan Star's investor presentation, Mar 27, 2026
Slide 1: Advancing the New Waverley High-Grade Gold Discovery
ADVANCING THE NEW WAVERLEY HIGH-GRADE GOLD DISCOVERY MARCH 2026 ANDREW TYRRELL CEO Cautionary Note: The presence of visible gold is qualitative only and is not necessarily representative of the overall gold content of the sampled material or the broader mineralised system. Visual observations of gol
Slide 2: Important Information
IMPORTANT INFORMATION Forward Looking Statements This Presentation contains forward-looking statements which are identified by words such as ‘proposed’, ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These sta
Slide 3: Positioned for Growth
Positioned for Growth Experienced Board Refresh - led by Tony Kiernan to drive the next phase of growth and value creation High-Quality Asset Base - underpinned by New Waverley: high-grade gold project within a Tier-1 jurisdiction Clear Growth Strategy - focused drilling and development targeting ne
Slide 4: Refreshed Board & Strong Leverage to Discovery
Refreshed Board & Strong Leverage to Discovery CAPITAL STRUCTURE Andrew Tyrrell Alan Hawkins Andrea Betti Chief Executive Officer Exploration Manager Company Secretary MANAGEMENT Share Price (26/03/2026) $0.15 Geologist with 24+ years Geologist with 30+ years in the Ms Betti has in excess of 20+ exp
Slide 5: Consolidated and Strategic, Highly Prospective Tenements
Consolidated and Strategic, Highly Prospective Tenements • Strategic Location in Established Mining Hub • - located among active producers with nearby processing and infrastructure • Proven Fertility of the Norseman District • - Norseman Domain >6Moz Au endowment (1) • Fundamental Structural Framewo
Slide 6: Ingredients of a Major Gold System
Ingredients of a Major Gold System • High-grade quartz reefs, assays inc. 56g/t, 29.2g/t, 20.9g/t (1) • Unmined shallow, high-grade intercepts(2) remain open: • 4.05m @ 12.53g/t Au, inc. 0.65m @ 77.3g/t Au (WD6) • 4m @ 13.83g/t Au, inc. 1m @ 53g/t Au (WP55) • 8m @ 2.71g/t Au, inc.1m @ 20.05g/t Au (W
Slide 7: Phase 1 Priority Drill Areas
1 3 2 PHASE 1 PRIORITY DRILL AREAS ASX: LSA (1) See ASX announcement dated 4 February 2026 – Appendix A, Table 1 – Table of Significant Drilling Intercepts 7
Slide 8: Trial Pit - high-grade reef system
Trial Pit - high-grade reef system • Visible fine gold - potential for free-milling, gravity-recoveries • Rock chips returned 56g/t, 29.2g/t, 20.9g/t, 14.15g/t Au (1) • Cross cutting structures drive high ounces per vertical metre • Priority drill target and high potential for repeat structures Caut
Slide 9: Dumps / Stockpiles
Dumps / Stockpiles Waste Dumps / Low Grade material ASX: LSA (1) See ASX announcement dated 4 February 2026 – Appendix A, Table 1 – Table of Significant Drilling Intercepts 9
Slide 10: Historical Mine Dumps
Historical Mine Dumps • Potential near-term low-cost cash flow opportunity • Flexible processing pathways • - inc. ore purchase or toll treatment options • Demonstrated high-grade mineralisation • - across all dumps numerous samples >5g/t Au, with results up to 58.6g/t Au • Clear pathway to advance
Slide 11: Right Address, Right Geology
Right Address, Right Geology • Analogous to Major Norseman Gold Deposits • - comparable to Crown–Mararoa and Princess & North Royal • Favourable Controls for High-Grade Mineralisation • - richly endowed Woolyeenyer Fm with reef-hosted gold enhanced by cross-cutting structures • Compelling Regional-S
Slide 12: New Waverley Strengthens District Foothold at Killaloe
New Waverley Strengthens District Foothold at Killaloe • Multiple gold-bearing zones identified • - broad, shallow gold and high-grade structures open along strike and down-dip at Duke Main • - new mineralised gold-bearing zones identified at Duke East • - porphyry-associated wide gold intercepts op
Slide 13: Proposed Schedule and Forward plan
Proposed Schedule and Forward plan Forward Plan Q1 Q2 Q3 Staff Onsite Jan Feb Mar Apr May Jun Jul Aug Sep • Commencement of New Waverley activities: New Waverley • Structural mapping, pit sampling Drill Targeting Feb/Mar-2026 Geochem/costeans • Phase 1 drilling at Waverley & Trial Pits Structural Ma
Slide 14: Leveraged for Discovery-Driven Growth
LEVERAGED FOR DISCOVERY-DRIVEN GROWTH DISCOVERY THROUGH THE DRILL BIT NEW WAVERLEY - SHALLOW HIGH-GRADE GOLD POTENTIAL IN THE NORSEMAN DISTRICT TECHNICALLY STRONG MANAGEMENT, EXPERIENCED BOARD AND BACKED BY KEY CORNERSTONE INVESTORS New Waverley Pit, view looking northwest ASX: LSA 14
Slide 15: Contact Details
CONTACT DETAILS Andrew Tyrrell Chief Executive Officer andrew.tyrrell@lachlanstar.com Alan Hawkins Level 2, 1292 Hay Street Exploration Manager West Perth WA 6005, Australia alan.hawkins@lachlanstar.com info@lachlanstar.com https://lachlanstar.com/ https://www.linkedin.com/company/lachlanstarlimited