Lodestar Minerals Limited · ASX:LSR
Lodestar Minerals — Investor Presentation (October 2026)
26 slides from Lodestar Minerals's investor presentation, Oct 8, 2026
Slide 1: Presentation October 2026
Gold REE Copper Tier-1 Mining Jurisdictions rsonal use only P R E S E N TAT I O N OCTOBER 2026 | ASX:LSR OTC:LSMLF
Slide 2: Important information and Disclaimers
Important information and Disclamers This Presentation may not be reproduced in whole or in part, nor may any of its contents be divulged to any third party without This presentation has been prepared by Lodestar Minerals Limited (Lodestar). The information contained in this the prior consent in wri
Slide 3: LSR Management and Technical Strength
LSR Management and Technical Strength BOARD OF DIRECTORS & SENIOR MANAGEMENT Non-Executive Chairman CEO & Executive Director Non-Executive Director rsonal use only Ross Taylor Coraline Blaud Jillian Terry Finance professional with extensive experience in Geologist with 10+ years’ experience in the j
Slide 4: Strategic Commodity Focus: Gold, REE & Copper
Strategic Commodity Focus: Gold, REE & Copper Virgin Mountain Heavy Rare Earths Project, USA “Strategic high-demand commodities in • • Heavy rare earth focus - Prospective for dysprosium, terbium and lutetium High-grade rock chips - Sampling has returned up to 14.68% TREO1, with heavy world-class mi
Slide 5: Virgin Mountain Heavy Rare Earth Project
rsonal use only Virgin Mountain Heavy Rare Earth Project Strategic HREE Exposure in Arizona, USA lodestarminerals.com.au | ASX:LSR 5 5
Slide 6: U.S. critical minerals move from policy to procurement
U.S. critical minerals move from policy to procurement 2026 POLICY MOMENTUM rsonal use only 02 FEBRUARY 2026 20 JULY 2026 24–25 AUGUST 2026 $8.1B (2024) to $15.8B (2030) CAGR ~12% US$12bn EO 14415 NEVADA China controls Trump launches Project Domestic ~70% of mining and sourcing Supply security led t
Slide 7: Virgin Mountain Rare Earths Project: Prime Jurisdiction and Neighbouring Projects
Virgin Mountain Rare Earths Project Prime Jursidiction and Neighbouring Projects • Border of Nevada and Arizona, proximal to the world-class Mountain Pass Rare Earth Element (REE) producing mine (12.15 rsonal use only Mt @ 4.79% Total Rare Earth Oxide (TREO)) (MP Materials Inc; MP:NYSE; US$10b marke
Slide 8: Virgin Mountain: Structural Host and Focus
Virgin Mountain Rare Earths Project Structural Host and Focus • Virgin Mountain is focused on a 5 km shear zone historically mapped by USGS, 3 km of this has rsonal use only been captured by 33 mineral claims (682 acres / 2.8 KM2) 1 • The host is a Paleoproterozoic gneissic shear zone similar in age
Slide 9: Virgin Mountain: TREO Grade and Tenor
Virgin Mountain Rare Earths Project TREO Grade and Tenor • Initial rock sampling undertaken by Lodestar2,3 rsonal use only returned the following results: o NGR051: 14.68% TREO, 59% HREO o CA050: 3.73% TREO, 48% HREO o CA052: 1.81% TREO, 58% HREO o CA049: 1.67% TREO, 62% HREO o NGR050: 1.48% TREO, 5
Slide 10: Virgin Mountain: TREO Grade and Mineralogy
Virgin Mountain Rare Earths Project TREO Grade and Mineralogy • Metasomatic fluid was found to have enriched multiple beds within the rsonal use only Paleoproterozoic gneissic host rock ranging from 1 – 14% TREO and 48 – 64% HREO4. Systematic sample results over the Humingbird Outcrop • Xenotime con
Slide 11: Virgin Mountain: Next Steps
Virgin Mountain Rare Earths Project Next Steps to unlocking a strategically significant US asset… • High-resolution radiometric survey: The limitation for mapping of rsonal use only the shear at surface is the shallow alluvial cover and the manual effort of Ground-based scintillometer work. A high-r
Slide 12: Ned's Creek Project: Gold in Western Australia
rsonal use only N e d ’s C r e e k P r o j e c t G o l d i n We ste r n A u st r a l i a lodestarminerals.com.au | ASX:LSR 12 12
Slide 13: Ned's Creek: Maiden resource on-track, exploration upside and next steps
Ned’s Creek Gold Project Maiden resource on-track, clear exploration upside and next steps Late October 2026 | Maiden MRE rsonal use only Finalise geological and grade modelling and deliver the initial Mineral Resource Estimate for Ned’s Creek. Early CY2027 | Mining Lease application Environment
Slide 14: Ned's Creek Gold Project, WA
Ned’s Creek Gold Project, WA 100% owned | Maiden gold resource targeted for late October Resource drilling complete; supports exploration target 12,417m across 106 RC holes at Gidgee Flat, Contessa and Central rsonal use only Park; all assays, resamples and QAQC re-assays received. Maiden MRE: the n
Slide 15: Gidgee Flat: High-grade gold and depth extension potential
Ned’s Creek Gold Project Gidgee Flat | High-grade gold and depth extension potential Drilling has extended mineralisation and improved geological confidence across oxide and fresh rock rsonal use only zones. Best gold intersections include:6 6m @ 7.16g/t Au from 140m; incl. 1m @ 35.34g/t Au from 1
Slide 16: Central Park & Contessa: Shallow gold and further upside
Ned’s Creek Gold Project Central Park & Contessa | Shallow gold and further upside Central Park: broad, shallow gold oxides7 rsonal use only Resampling confirms gold mineralisation, with further shallow oxide potential to the west. 26m @ 1.57g/t Au from 51m; incl. 3m @ 5.08g/t Au from 69m (LNRC210
Slide 17: Chilean Portfolio: Copper Exploration
rsonal use only Chilean Portfolio Copper Exploration lodestarminerals.com.au | ASX:LSR 17 17
Slide 18: Chile: A Tier 1 IOCG & PCD Jurisdiction
Chile: A Tier 1 IOCG & PCDs Jurisdiction Built on Decades of Discovery, Ready for the Next Copper Boom rsonal use only Los Loros and Three Saints Projects sit within the Cretaceous Porphyry/IOCG belt which includes1: Costa Fuego Cluster Hot Chili (ASX: HCH) • Carmen de Andacollo (Teck Resources) – P
Slide 19: Los Loros Cu-Mo Porphyry Project
Los Loros Cu-Mo Porphyry Project Outcropping Porphyry Target located in Chile established mining regions • Significant Cu-Mo porphyry system identified from outcrop mapping and historical drilling. rsonal use only • Historical exploration at Los Loros has been limited and sporadic New IP+MT and magn
Slide 20: Three Saints IOCG Project
Three Saints IOCG Project Maiden Holes Confirms Large-Scale IOCG System5 • Maiden Holes L3SRD003 (EOH 600m) & L3SDD004 (EOH 611m) display multiple intervals of chalcopyrite, pyrite, molybdenite and magnetite. rsonal use only • Alteration in L3SRD003 transitions from chlorite-sericite at shallow dept
Slide 21: Pacifico Cu-Mo Porphyry Project
Pacifico Cu-Mo Porphyry Project A Cu-Mo-Au Porphyry Project in the Paleocene Metallogenic Belt • Pacifico Project is a Cu-Mo-Au Porphyry project in the Paleocene Porphyry Copper Belt, which host major rsonal use only mine sites and advanced projects in Chile, such as: Sierra Gorda (KGHM, South32), C
Slide 22: Pacifico: Strong potential based on integration of historical dataset
Pacifico Cu-Mo Porphyry Project Strong potential based on integration of historical dataset Historical information: • 8,000m of drilling confirming the Cu-Mo(-Au) sulphide mineralisation at depth associated to several porphyry-units. rsonal use only • The deepest drillhole (746m – drilled in the nor
Slide 23: Contact Details for Lodestar Minerals
Contact Details for Lodestar Minerals | ASX:LSR rsonal use only ASX:LSR Coraline Blaud CEO & Executive Director Ph: +61 8 9435 3200 Email: info@lodestarminerals.com.au Level 1/31 Cliff St, Fremantle WA 6160 lodestarminerals.com.au | ASX:LSR 23 23
Slide 24: References
Virgin Mountain Rare Earths Project References • Dorward, G. P. "Rare Earth Deposits, Mohave County, Arizona." Arizona Department of Mines and Mineral Resources, AZMILS Data, Mohave County MILS Number 251A, June 7, 1990. Printed April 1, 2010. rsonal use only • Hutchinson, R. M., et al. Hummingbird
Slide 25: Appendix: Resource Benchmarking Data
Appendix 1 Resource Benchmarking Data Resource Mine Company Measured Indicated Inferred Total Resource date Cu Au Ag Mo Cu Au Ag Mo Cu Au Ag Mo Au Ag Mo Mt Mt Mt Mt Cu % % g/t g/t % % g/t g/t % % g/t g/t % g/t g/t % rsonal use only Candelaria Lundin Mining 518 0.39 0.09 1.3 589 0.58 0.13 1.8 122 0.5
Slide 26: Appendix: Copper Equivalent Formula for Three Saints Project
Appendix 2 Copper Equivalent Formula for Three Saints Project CuEq results Copper Equivalent Formula = Cu % + Mo % x 6.321 + Au g/t x 1.000 + Co % x 4.040 Copper Equivalent calculation derived from the following parameters: rsonal use only Metal prices in USD: Cu = $6.3025/lb, Mo = $40.02/lb, Au = $
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